XML 43 R32.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Derivatives (Tables)
 6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary Of Types Of Derivatives, Separately By Assets And Liabilities And Fair Value Of Derivatives The following table summarizes the types of derivatives, separately by assets and liabilities, and the fair values of such derivatives as of the dates presented:  
(in thousands)Asset DerivativesLiability Derivatives
Derivatives not designated as hedging instrumentJune 30, 2024December 31, 2023June 30, 2024December 31, 2023
Interest rate lock commitments$— $— $452 $137 
Interest rate futures— 3,745 500 — 
Interest rate forward sales commitments178 9 243 535 
Interest rate swaps117,880 33,874 311,192 260,064 
Foreign currency derivatives230 457 155 355 
Total derivative assets and liabilities$118,288 $38,085 $312,542 $261,091 
Summary Of Types Of Derivatives And Gains (Losses) Recorded The following table summarizes the types of derivatives and the gains (losses) recorded during the periods indicated:  
(in thousands)Three Months EndedSix Months Ended
Derivatives not designated as hedging instrumentJune 30, 2024June 30, 2023June 30, 2024June 30, 2023
Interest rate lock commitments$(467)$(188)$(314)$(83)
Interest rate futures(1,611)(7,636)(5,882)(4,986)
Interest rate forward sales commitments467 785 513 (218)
Interest rate swaps424 1,288 1,621 (2,255)
Foreign currency derivatives196 (109)238 (79)
Total derivative losses$(991)$(5,860)$(3,824)$(7,621)
Balance Sheet Offsetting
The following table shows the gross interest rate swaps in the Condensed Consolidated Balance Sheets and the respective collateral received or pledged in the form of cash or other financial instruments. The collateral amounts are limited to the outstanding balances of the related asset or liability. Therefore, instances of over collateralization are not shown.

Gross Amounts Not Offset in the Statement of Financial Position
Gross Amounts of Recognized Assets/Liabilities
Gross Amounts Offset in the Condensed Consolidated Balance Sheets
Net Amounts of Assets/Liabilities presented in the Condensed Consolidated Balance Sheets
Financial InstrumentsCollateral Received/PostedNet Amount
June 30, 2024
Derivative Assets
Interest rate swaps$117,880 $— $117,880 $5,226 $100,000 $12,654 
Derivative Liabilities
Interest rate swaps$311,192 $— $311,192 $5,226 $— $305,966