v3.26.3
Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments
The following table presents information regarding our derivative financial instruments at the dates indicated (in thousands):
Asset derivativesLiability derivatives
Notional amountFair valueNotional amountFair value
At September 30, 2026
Derivatives designated as hedging instruments:
Interest rate collars$— — 100,000 134 
Derivatives not designated as hedging instruments:
Interest rate swap agreements914,873 33,934 914,873 33,935 
Interest rate lock commitments14,182 444 — — 
Forward commitments1,682 6 — — 
Risk participation agreements— — 119,665 33 
Total Derivatives$930,737 34,384 1,134,538 34,102 
At December 31, 2025
Derivatives designated as hedging instruments:
Interest rate swap agreements$50,000 51 125,000 1,280 
Derivatives not designated as hedging instruments:
Interest rate swap agreements 912,021 25,155 912,021 25,366 
Foreign exchange swap agreements2,592 4 — — 
Interest rate lock commitments24,772 617 — — 
Forward commitments2,711 95 — — 
Risk participation agreements— — 117,582 27 
Total derivatives $992,096 25,922 1,154,603 26,673 
Schedule of gain (loss) on derivative instruments
The following table presents income or expense recognized on derivatives for the periods indicated (in thousands):
For the quarter ended September 30,For the nine months ended September 30,
2026202520262025
Hedging derivatives:
Decrease in interest expense$108 302 122 889 
Non-hedging swap derivatives:
Increase/(decrease) in other operating income21 325 187 (287)
(Decrease)/increase in mortgage banking income(297)223 (381)1,012 
Schedule of interest rate products designated as hedging instruments
The following table presents information regarding our derivative financial instruments designated as hedging for the quarter ended September 30, 2026 (dollars in thousands):
Notional amountAmount expected to be reclassified from AOCIMaturity dateRemaining term
(in months)
Interest rate collars/floors:
Issued September 9, 2026$50,000 $— 9/9/202823
Issued September 16, 202650,000 — 9/15/202823
Total$100,000 $— 
Schedule of Offsetting assets
The following tables present the gross amounts of these assets and liabilities with any offsets to arrive at the net amounts recognized in the Consolidated Statements of Financial Condition as of September 30, 2026 (dollars in thousands).
Derivative assetsGross amounts of
recognized assets		Gross amounts offset in
the consolidated statement
of financial condition		Net amounts of assets presented in the consolidated statement of financial condition
Interest rate swaps - not hedging33,934 (32,155)1,779 
Derivative liabilitiesGross amounts of
recognized liabilities		Gross amounts offset in
the consolidated statement
of financial condition		Net amounts of liabilities presented in the consolidated statement of financial condition
Interest rate swaps - not hedging33,935 (55)33,880 


The following tables present the gross amounts of these assets and liabilities with any offsets to arrive at the net amounts recognized in the Consolidated Statements of Financial Condition as of December 31, 2025 (dollars in thousands).
Derivative assetsGross amounts of
recognized assets		Gross amounts offset in
the consolidated statement
of financial condition		Net amounts of assets presented in the consolidated statement of financial condition
Interest rate swaps - hedging$51 (51)— 
Interest rate swaps - not hedging25,155 (13,380)11,775 
Derivative liabilitiesGross amounts of
recognized liabilities		Gross amounts offset in
the consolidated statement
of financial condition		Net amounts of liabilities presented in the consolidated of financial condition
Interest rate swaps - hedging$1,280 (1,280)— 
Interest rate swaps - not hedging25,366 (10,251)15,115 
Schedule of Offsetting liabilities
The following tables present the gross amounts of these assets and liabilities with any offsets to arrive at the net amounts recognized in the Consolidated Statements of Financial Condition as of September 30, 2026 (dollars in thousands).
Derivative assetsGross amounts of
recognized assets		Gross amounts offset in
the consolidated statement
of financial condition		Net amounts of assets presented in the consolidated statement of financial condition
Interest rate swaps - not hedging33,934 (32,155)1,779 
Derivative liabilitiesGross amounts of
recognized liabilities		Gross amounts offset in
the consolidated statement
of financial condition		Net amounts of liabilities presented in the consolidated statement of financial condition
Interest rate swaps - not hedging33,935 (55)33,880 


The following tables present the gross amounts of these assets and liabilities with any offsets to arrive at the net amounts recognized in the Consolidated Statements of Financial Condition as of December 31, 2025 (dollars in thousands).
Derivative assetsGross amounts of
recognized assets		Gross amounts offset in
the consolidated statement
of financial condition		Net amounts of assets presented in the consolidated statement of financial condition
Interest rate swaps - hedging$51 (51)— 
Interest rate swaps - not hedging25,155 (13,380)11,775 
Derivative liabilitiesGross amounts of
recognized liabilities		Gross amounts offset in
the consolidated statement
of financial condition		Net amounts of liabilities presented in the consolidated of financial condition
Interest rate swaps - hedging$1,280 (1,280)— 
Interest rate swaps - not hedging25,366 (10,251)15,115