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DERIVATIVES AND HEDGING ACTIVITIES (Tables) | 9 Months Ended
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Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Notional Amount and Fair Value for Derivatives | The notional amounts and fair values for derivatives, all of which are economic hedges, are included in interest receivable and other assets or interest payable and other liabilities on the consolidated balance sheet, consist of the following:
| September 30, 2025 |  | December 31, 2024
(in thousands) | Notional amount |  | Fair Value |  | Notional amount |  | Fair Value
Included in interest receivable and other assets: |  |  |  |  |  |  |
Interest rate lock commitments | $14,385 |  | $277 |  | $— |  | $—
Forward sale commitments | 34,230 |  | 131 |  | — |  | —
Interest rate swaps | 430,236 |  | 11,347 |  | 379,696 |  | 12,835
Total derivatives before netting | $478,851 |  | $11,755 |  | $379,696 |  | $12,835
Netting adjustment/cash collateral (1) |  |  | (5,741) |  |  |  | —
Carrying value on consolidated balance sheet |  |  | $6,014 |  |  |  | $12,835
Included in interest payable and other liabilities: |  |  |  |  |  |  |
Interest rate lock commitments | $— |  | $— |  | $430 |  | $7
Forward sale commitments | 30,862 |  | 112 |  | 430 |  | —
Interest rate swaps | 430,236 |  | 10,259 |  | 379,696 |  | 11,056
Futures | 1,800 |  | 1 |  | — |  | —
Total derivatives before netting | $462,898 |  | $10,372 |  | $380,556 |  | $11,063
Netting adjustment/cash collateral (1) |  |  | 147 |  |  |  | —
Carrying value on consolidated balance sheet |  |  | $10,519 |  |  |  | $11,063
(1)Includes net cash collateral received of $5.9 million and zero at September 30, 2025 and December 31, 2024, respectively.
Net Gain (Loss) Recognized on Economic Hedge Derivatives | The following table presents the net gain (loss) recognized on economic hedge derivatives, within the respective line items in the consolidated income statements for the periods indicated:
| Quarter Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Recognized in noninterest income: |  |  |  |  |  |  |
Net loss on loan origination and sale activities (1) | $(146) |  | $— |  | $(146) |  | $—
Loan servicing income (2) | 78 |  | — |  | 78 |  | —
Other (3) | 21 |  | 53 |  | 96 |  | 93
(1)Comprised of forward contracts used as an economic hedge of loans held for sale and IRLCs to customers. Included in other noninterest income in the consolidated income statements. (2)Comprised of futures, U.S. Treasury options and forward contracts used as economic hedges of single family MSRs. (3)Impact of interest rate swap agreements executed with commercial banking customers and broker dealer counterparties.

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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E + Details
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