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Derivatives and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Value of Derivative Assets and Liabilities

This table provides a summary of the fair value of the Company’s derivative assets and liabilities as of September 30, 2025 and December 31, 2024 (in thousands):

		Derivative Assets								Derivative Liabilities
		September 30,				December 31,				September 30,				December 31,
Fair Value		2025				2024				2025				2024
Interest Rate Derivatives:
Derivatives not designated as hedging instruments		$	135,108			$	102,118			$	139,010			$	107,386
Derivatives designated as hedging instruments			158,996				132,325				41				56
Total interest rate derivatives			294,104				234,443				139,051				107,442
Commodity Derivatives:
Derivatives not designated as hedging instruments			5,060				—				4,978				—
Total commodity derivatives			5,060				—				4,978				—
Total		$	299,164			$	234,443			$	144,029			$	107,442

Summary of Amount of Gain (Loss) Recognized in Other Non-interest Expense in Consolidated Statements of Income Related to Derivative Assets and Liabilities

This table provides a summary of the amount of gain or loss recognized in Other noninterest expense in the Consolidated Statements of Income related to the Company’s derivative assets and liabilities for the three and nine months ended September 30, 2025 and September 30, 2024 (in thousands):

		Amount of (Loss) Gain Recognized
		For the Three Months Ended								For the Nine Months Ended
		September 30,				September 30,				September 30,				September 30,
		2025				2024				2025				2024
Interest Rate Derivatives
Derivatives not designated as hedging instruments		$	45			$	(94	)		$	(137	)		$	(27	)
Total		$	45			$	(94	)		$	(137	)		$	(27	)
Commodity Derivatives
Derivatives not designated as hedging instruments		$	82			$	—			$	82			$	—
Total		$	82			$	—			$	82			$	—

Summary of Effect of Hedges on AOCI in Consolidated Statements of Comprehensive Income Related to Company's Derivative Assets and Liabilities

These tables provide a summary of the effect of hedges on AOCI in the Consolidated Statements of Comprehensive Income related to the Company’s derivative assets and liabilities for the three and nine months ended September 30, 2025 and September 30, 2024 (in thousands):

		For the Three Months Ended September 30, 2025
Derivatives in Cash Flow Hedging Relationships		(Loss) Gain Recognized in OCI on Derivative				(Loss) Gain Recognized in OCI Included Component				Gain Recognized in OCI Excluded Component				(Loss) Gain Reclassified from AOCI into Earnings				(Loss) Gain Reclassified from AOCI into Earnings Included Component				Loss Reclassified from AOCI into Earnings Excluded Component
Interest rate floors and floor spreads		$	(553	)		$	(599	)		$	46			$	(4,931	)		$	(4,340	)		$	(591	)
Interest rate swaps			173				173				—				495				495				—
Total		$	(380	)		$	(426	)		$	46			$	(4,436	)		$	(3,845	)		$	(591	)

		For the Three Months Ended September 30, 2024
Derivatives in Cash Flow Hedging Relationships		Gain (Loss) Recognized in OCI on Derivative				Gain (Loss) Recognized in OCI Included Component				Loss Recognized in OCI Excluded Component				Gain Reclassified from AOCI into Earnings				Gain Reclassified from AOCI into Earnings Included Component				Loss Reclassified from AOCI into Earnings Excluded Component
Interest rate floors and floor spreads		$	42,906			$	62,860			$	(19,954	)		$	116			$	958			$	(842	)
Interest rate swaps			(2,461	)			(2,461	)			—				373				373				—
Total		$	40,445			$	60,399			$	(19,954	)		$	489			$	1,331			$	(842	)

		For the Nine Months Ended September 30, 2025
Derivatives in Cash Flow Hedging Relationships		Gain (Loss) Recognized in OCI on Derivative				Gain (Loss) Recognized in OCI Included Component				Loss Recognized in OCI Excluded Component				(Loss) Gain Reclassified from AOCI into Earnings				(Loss) Gain Reclassified from AOCI into Earnings Included Component				Loss Reclassified from AOCI into Earnings Excluded Component
Interest rate floors and floor spreads		$	37,639			$	68,068			$	(30,429	)		$	(9,788	)		$	(8,035	)		$	(1,753	)
Interest rate swaps			(987	)			(987	)			—				982				982				—
Total		$	36,652			$	67,081			$	(30,429	)		$	(8,806	)		$	(7,053	)		$	(1,753	)

		For the Nine Months Ended September 30, 2024
Derivatives in Cash Flow Hedging Relationships		Gain Recognized in OCI on Derivative				Gain Recognized in OCI Included Component				Loss Recognized in OCI Excluded Component				Gain Reclassified from AOCI into Earnings				Gain Reclassified from AOCI into Earnings Included Component				Loss Reclassified from AOCI into Earnings Excluded Component
Interest rate floors and floor spreads		$	17,748			$	25,147			$	(7,399	)		$	1,333			$	4,084			$	(2,751	)
Interest rate swaps			264				264				—				1,124				1,124				—
Total		$	18,012			$	25,411			$	(7,399	)		$	2,457			$	5,208			$	(2,751	)

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Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period.

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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