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DERIVATIVES AND HEDGING ACTIVITIES (Tables) | 3 Months Ended
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Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Notional Amount and Fair Value for Derivatives | The following table presents the notional amounts and fair values for derivatives which are economic hedges. The fair values for derivatives are included in interest receivable and other assets or interest payable and other liabilities on the consolidated balance sheets.
| March 31, 2026 |  | December 31, 2025
(in thousands) | Notional amount |  | Fair Value |  | Notional amount |  | Fair Value
Included in interest receivable and other assets: |  |  |  |  |  |  |
Interest rate lock commitments | $ | 11,493 |  |  | $ | 130 |  |  | $ | 4,929 |  |  | $ | 75 |
Forward sale commitments | 40,792 |  |  | 241 |  |  | 32,217 |  |  | 148 |
Interest rate swaps | 359,106 |  |  | 8,927 |  |  | 398,536 |  |  | 9,406 |
Futures | 6,100 |  |  | 2 |  |  | — |  |  | — |
Total derivatives before netting | $ | 417,491 |  |  | $ | 9,300 |  |  | $ | 435,682 |  |  | $ | 9,629 |
Netting adjustment/cash collateral (1) |  |  | (5,424) |  |  |  |  | (5,438) |
Carrying value on consolidated balance sheets |  |  | $ | 3,876 |  |  |  |  | $ | 4,191 |
Included in interest payable and other liabilities: |  |  |  |  |  |  |
Interest rate lock commitments | $ | 1,767 |  |  | $ | 10 |  |  | $ | — |  |  | $ | — |
Forward sale commitments | 53,115 |  |  | 482 |  |  | 10,363 |  |  | 28 |
Interest rate swaps | 359,106 |  |  | 8,279 |  |  | 398,536 |  |  | 8,543 |
Futures | — |  |  | — |  |  | 2,200 |  |  | 2 |
Total derivatives before netting | $ | 413,988 |  |  | $ | 8,771 |  |  | $ | 411,099 |  |  | $ | 8,573 |
Netting adjustment/cash collateral (1) |  |  | (359) |  |  |  |  | 38 |
Carrying value on consolidated balance sheets |  |  | $ | 8,412 |  |  |  |  | $ | 8,611 |
(1)Includes net cash collateral received of $5.1 million and $5.5 million at March 31, 2026 and December 31, 2025, 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 March 31, |  |  |  |  |  |
(in thousands) | 2026 |  | 2025 |  |  |  |  |  |  |  |
Recognized in noninterest income: |  |  |  |  |  |  |  |  |  |  |
Net gain on loan origination and sale activities (1) | $ | 178 |  |  | $ | — |  |  |  |  |  |  |  |  |
Loan servicing income (loss) (2) | (354) |  |  | — |  |  |  |  |  |  |  |  |
Other (3) | (3) |  |  | 54 |  |  |  |  |  |  |  |  |
(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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