v3.26.3
Derivatives and Hedging Activities (Tables)
9 Months Ended
Sep. 30, 2026
Derivatives and Hedging Activities  
Schedule of derivative positions at the dates indicated below for interest rate swaps

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September 30, 2026

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​

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​

Weighted Average Rate

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​

​

​

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Notional

​

Weighted Average

​

Current Rate

​

Current Rate

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​

Fair Value

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Amount

​

Maturity

​

Paid

​

Received

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​

Asset (Liability) (1)

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(in thousands)

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(in years)

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​

​

​

​

​

(in thousands)

Interest rate swaps

$

300,000

​

2.3

​

3.65

%

3.44

%

​

$

(8,070)

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​

​

​

​

​

​

​

​

​

​

​

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Total

$

300,000

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​

​

​

​

​

​

​

$

(8,070)

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​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

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Weighted Average Rate

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​

​

​

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Notional

​

Weighted Average

​

Current Rate

​

Current Rate

​

​

Fair Value

​

Amount

​

Maturity

​

Paid

​

Received

​

​

Asset (Liability) (1)

​

(in thousands)

​

(in years)

​

​

​

​

​

​

(in thousands)

Interest rate swaps

$

300,000

​

3.5

​

3.87

%

3.44

%

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$

1,284

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​

​

​

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​

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​

​

​

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Total

$

300,000

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​

​

​

​

​

​

​

$

1,284

(1)Asset balances are recorded in prepaid expenses and other assets on the consolidated balance sheets. Liability balances are recorded in accrued expenses and other liabilities on the consolidated balance sheets.
Schedule of number of position and total number of non-designated hedges and RPAs

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Total

September 30, 2026

​

​

Number of Positions

​

Notional

Derivatives not designated as hedging instruments:

​

​

​

​

(in thousands)

Interest rate products

​

​

77

​

$

563,838

RPA credit contracts

​

​

16

​

​

33,639

Total derivatives not designated as hedging instruments

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​

​

​

$

597,477

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​

​

​

​

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​

​

​

​

​

​

Total

December 31, 2025

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​

Number of Positions

​

Notional

Derivatives not designated as hedging instruments:

​

​

​

​

(in thousands)

Interest rate products

​

​

75

​

$

532,972

RPA credit contracts

​

​

17

​

​

44,634

Total derivatives not designated as hedging instruments

​

​

​

​

$

577,606

Schedule of fair values of derivative instruments on the balance sheet

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Derivative

​

Derivative

​

​

Assets (1)

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Liabilities (2)

September 30, 2026

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(in thousands)

Derivatives not designated as hedging instruments:

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​

​

​

​

​

Interest rate products

​

$

30,716

​

$

30,717

RPA credit contracts

​

​

—

​

​

—

Total derivatives not designated as hedging instruments

​

$

30,716

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$

30,717

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​

​

​

​

​

​

December 31, 2025

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​

​

​

​

​

Derivatives not designated as hedging instruments:

​

​

​

​

​

​

Interest rate products

​

$

22,294

​

$

22,294

RPA credit contracts

​

​

—

​

​

1

Total derivatives not designated as hedging instruments

​

$

22,294

​

$

22,295

(1)Recorded in prepaid expenses and other assets on the consolidated balance sheets.
(2)Recorded in accrued expenses and other liabilities on the consolidated balance sheets.