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DERIVATIVES AND HEDGING ACTIVITIES (Tables)

9 Months Ended

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

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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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Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

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