Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2026

The notional amount and estimated fair value of mortgage banking derivatives included in the consolidated balance sheets is summarized as follows:


	September 30, 2026				December 31, 2025
(in thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value



Included in other assets:
Mortgage origination commitments	$	220,990	$	7,219	$	176,106	$	5,892
Open forward delivery sales agreements (hedge MTM)	8,500		227		—		—
Open mandatory delivery commitments	—		—		7,981		31
Open forward delivery sales agreements (pipeline hedge)	—		—		4,772		18


Total included in other assets	$	229,490	$	7,446	$	188,859	$	5,941

Included in other liabilities:
Open forward delivery sales agreements (pipeline hedge)	$	4,262	$	63	$	—	$	—
Open mandatory delivery commitments	5,893		160		—		—
Open forward delivery sales agreements (hedge MTM)	—		—		8,500		30
Total included in other liabilities	$	10,155	$	223	$	8,500	$	30

The net gains (losses) relating to mortgage banking derivative instruments included in mortgage banking revenue is summarized as follows:


	Three months ended				Nine months ended
	September 30, 2026		September 30, 2025		September 30, 2026		September 30, 2025
(in thousands)
Mortgage origination commitments	$	773	$	541	$	1,326	$	1,326
Open forward delivery sales agreements (hedge MTM)	224		91		257		(5)
Open forward delivery sales agreements (pipeline hedge)	(57)		(59)		(81)		14
Open mandatory delivery commitments	(166)		(29)		(191)		46
Total	$	774	$	544	$	1,311	$	1,381