v3.26.3
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Value of Derivative Instruments
The following table summarizes the fair value of the Company's derivative instruments at September 30, 2026 and December 31, 2025:
September 30, 2026December 31, 2025
Notional AmountBalance Sheet LocationFair ValueNotional AmountBalance Sheet LocationFair Value
Derivatives designated as hedging instruments:
Cash flow hedge designation:
Interest rate swaps - FHLB advances$— Other assets$— $75,000 Other liabilities$(348)
Interest rate swaps - FHLB advances and brokered money market deposits— Other assets— 85,000 Other assets132 
Interest rate swaps - commercial loans250,000 Other liabilities(2,916)n/an/an/a
Total derivatives designated as hedging instruments$(2,916)$(216)
Derivatives not designated as hedging instruments:
Interest rate swaps$630,814 Other assets$21,878 $539,225 Other assets$14,463 
Interest rate swaps630,814 Other liabilities(21,483)539,225 Other liabilities(14,720)
Purchased options – rate cap5,625 Other assets1 5,709 Other assets— 
Written options – rate cap5,625 Other liabilities(1)5,709 Other liabilities— 
Risk participations - sold credit protection30,882 Other liabilities(30)44,638 Other liabilities(70)
Risk participations - purchased credit protection34,677 Other assets19 31,702 Other assets43 
Interest rate lock commitments with customers1,729 Other liabilities(1)1,811 Other assets38 
Forward sale commitments3,967 Other assets50 5,948 Other liabilities(11)
Total derivatives not designated as hedging instruments$433 $(257)
Summary of Components of Interest Rate Swaps
The following table presents the carrying amount and associated cumulative basis adjustment related to the application of fair value hedge accounting that is included in the carrying amount of hedged assets as of September 30, 2026 and 2025. During the nine months ended September 30, 2025, the Company terminated its three pay-fixed interest rate swaps with a total notional value of $100.0 million.
Carrying Amounts of Hedged AssetsCumulative Amounts of Fair Value Hedging Adjustments Included in the Carrying Amounts of the Hedged Assets
September 30,September 30,
2026202520262025
Commercial loansn/a$— n/a$— 
The following table is a summary of components for interest rate swaps designated as hedging instruments at September 30, 2026 and December 31, 2025:
Weighted Average Pay RateWeighted Average Receive RateWeighted Average Maturity in Years
September 30, 2026
Cash flow hedge designation:
Interest rate swaps - commercial loans3.75 %3.92 %1.7
December 31, 2025
Cash flow hedge designation:
Interest rate swaps - FHLB advances and brokered deposits3.35 %3.93 %2.5
Summary of Effect of Derivative Financial Instruments on OCI and Net Income
The following tables summarize the effect of the Company's derivative financial instruments on OCI and net income for the three and nine months ended September 30, 2026 and 2025:
Amount of Net Loss Recognized in OCI on DerivativeAmount of Net Loss Recognized in OCI on Derivative
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Derivatives in cash flow hedging relationships:
Interest rate products$(2,938)$(67)$(1,293)$(1,441)
Amount of Gain Reclassified from AOCI into IncomeAmount of Gain Reclassified from AOCI into IncomeLocation of Gain Recognized from AOCI into Income
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Derivatives in cash flow hedging relationships:
Interest rate products$191 $— $228 $— Interest expense

Amount of Gain (Loss) Recognized in IncomeAmount of Gain (Loss) Recognized in IncomeLocation of Loss Recognized in Income
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Derivatives designated as hedging instruments
Fair value hedge designation:
Interest rate swaps - commercial loans (1)
$— $— $— $(1)Interest income on loans
Derivatives not designated as hedging instruments:
Interest rate products$606 $12 $652 $(384)Other operating expenses
Risk participation agreements12 (1)16 — Other operating expenses
Interest rate lock commitments with customers(68)34 (38)69 Mortgage banking activities
Forward sale commitments47 7 61 (28)Mortgage banking activities
Total derivatives not designated as hedging instruments$597 $52 $691 $(343)
(1) Amount includes the net of the change in the fair value of the interest rate swaps hedging commercial loans and the change in the carrying value included in the hedged commercial loans.