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Derivatives (Tables)
3 Months Ended
Mar. 31, 2025
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 instrumentMarch 31, 2025December 31, 2024March 31, 2025December 31, 2024
Interest rate lock commitments$294 $16 $16 $32 
Interest rate futures— — 135 3,033 
Interest rate forward sales commitments10 695 522 74 
Interest rate swaps89,512 107,385 225,335 277,042 
Foreign currency derivatives322 542 179 438 
Total derivative assets and liabilities$90,138 $108,638 $226,187 $280,619 
Summary Of Types Of Derivatives And Gains (Losses) Recorded The following table summarizes the types of derivatives and the gains (losses) recorded for the periods indicated:
 (in thousands)Three Months Ended
Derivatives not designated as hedging instrumentMarch 31, 2025March 31, 2024
Interest rate lock commitments$294 $153 
Interest rate futures3,212 (4,271)
Interest rate forward sales commitments(828)46 
Interest rate swaps(1,494)1,197 
Foreign currency derivatives254 42 
Total derivative gains (losses)$1,438 $(2,833)
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 Condensed Consolidated Balance Sheets
(in thousands)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
March 31, 2025
Derivative Assets
Interest rate swaps$89,512 $— $89,512 $18,951 $57,536 $13,025 
Derivative Liabilities
Interest rate swaps$225,335 $— $225,335 $18,951 $— $206,384 
December 31, 2024
Derivative Assets
Interest rate swaps$107,385 $— $107,385 $6,516 $96,909 $3,960 
Derivative Liabilities
Interest rate swaps$277,042 $— $277,042 $6,516 $— $270,526