The Company enters into derivatives transactions as part of its mortgage banking activities, market making activity in interest rate swap and cap derivatives to facilitate customer demand and hedging activities related to interest rate and foreign exchange risk management, and enters into securities borrowed and securities loaned transactions to facilitate customer match-book activity, cover short positions and support customer securities lending. The Company manages credit exposure from certain of these transactions by entering into master netting agreements. The relevant agreements allow for the efficient closeout of transactions, liquidation and set-off of collateral against the net amount owed by the counterparty following a default. Default events generally include failure to pay, insolvency or bankruptcy of a counterparty.


	June 30, 2026
(Dollars in thousands)	Gross Assets / Liabilities		Amounts Offset		Net Balance Sheet Amount		Financial Collateral		Cash Collateral		Net Assets / Liabilities
Assets:
Securities borrowed	$	163,462	$	—	$	163,462	$	163,462	$	—	$	—
Other Assets — Derivative Assets1	16,941		—		16,941		1,297		12,040		3,604
Liabilities:
Securities loaned	$	194,729	$	—	$	194,729	$	194,729	$	—	$	—
Accounts Payable and Other Liabilities — Derivative Liabilities	52,509		—		52,509		1,104		291		51,114


	June 30, 2025
(Dollars in thousands)	Gross Assets / Liabilities		Amounts Offset		Net Balance Sheet Amount		Financial Collateral		Cash Collateral		Net Assets / Liabilities
Assets:
Securities borrowed	$	139,396	$	—	$	139,396	$	139,396	$	—	$	—
Other Assets — Derivative Assets1	17,734		—		17,734		4,782		6,392		6,560
Liabilities:
Securities loaned	$	139,426	$	—	$	139,426	$	139,426	$	—	$	—
Accounts Payable and Other Liabilities — Derivative Liabilities	68,497		—		68,497		4,782		1,340		62,375

1 Gross amounts of Other Assets - Derivative Assets are presented net of $52.3 million and $55.4 million of variation margin on centrally-cleared derivatives as of June 30, 2026 and June 30, 2025, respectively.