| Summary of Fair Value of Derivative Financial Instruments and Classification on the Balance Sheet |
The table below presents the fair value of the Corporation’s non-designated hedges, as well as their classification on the Consolidated Condensed Balance Sheets, as of September 30, 2026 and December 31, 2025.
| | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | Notional Amount | | Fair Value | | Notional Amount | | Fair Value | | Included in other assets: | | | | | | | | | Interest rate swaps | $ | 1,631,937 | | | $ | 75,633 | | | $ | 1,529,421 | | | $ | 47,850 | | | Forward contracts related to mortgage loans to be delivered for sale | 49,522 | | 840 | | 15,217 | | 422 | | Interest rate lock commitments | 4,025 | | 22 | | 26,595 | | 196 | | Included in other assets | $ | 1,685,484 | | | $ | 76,495 | | | $ | 1,571,233 | | | $ | 48,468 | | | Included in other liabilities: | | | | | | | | | Interest rate swaps | $ | 1,726,802 | | | $ | 75,574 | | | $ | 1,668,136 | | | $ | 47,879 | | | Forward contracts related to mortgage loans to be delivered for sale | 16,853 | | 124 | | 25,000 | | 99 | | Interest rate lock commitments | 31,920 | | 506 | | 2,246 | | 2 | | Included in other liabilities | $ | 1,775,575 | | | $ | 76,204 | | | $ | 1,695,382 | | | $ | 47,980 | |
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| Summary of Effect of Derivative Financial Instruments on the Income Statement |
The amount of gain (loss) recognized into income related to non-designated hedging instruments is included in the tables below for the periods indicated.
| | | | | | | | | | | | | | | | | | | | | Derivatives Not Designated as
Hedging Instruments under FASB ASC 815-10 | | Location of Gain (Loss)
Recognized in Income on
Derivative | | Amount of Gain (Loss)
Recognized into Income on
Derivatives | | | Three Months Ended September 30, 2026 | | Three Months Ended September 30, 2025 | | Forward contracts related to mortgage loans to be delivered for sale | | Net gains and fees on sales of loans | | $ | 693 | | | $ | (616) | | | Interest rate lock commitments | | Net gains and fees on sales of loans | | (668) | | | (68) | | | Total net gain (loss) recognized in income | | | | $ | 25 | | | $ | (684) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Derivatives Not Designated as
Hedging Instruments under FASB ASC 815-10 | | Location of Gain (Loss)
Recognized in Income on
Derivative | | Amount of Gain (Loss)
Recognized into Income on
Derivatives | | | Nine Months Ended September 30, 2026 | | Nine Months Ended September 30, 2025 | | Forward contracts related to mortgage loans to be delivered for sale | | Net gains and fees on sales of loans | | $ | 1,492 | | | $ | (542) | | | Interest rate lock commitments | | Net gains and fees on sales of loans | | (678) | | | 151 | | | Total net gain (loss) recognized in income | | | | $ | 814 | | | $ | (391) | |
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