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Derivatives and Hedging Activities (Tables) | 6 Months Ended
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Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Interest Rate Contract Derivative Financial Instruments and Related Hedged Items | The following table summarizes the Company's derivatives designated as hedging instruments as of the dates indicated (in thousands):
| June 30, 2025 |  | December 31, 2024
| Notional Amount |  | Fair Value(1) |  | Notional Amount |  | Fair Value(1)
|  | Asset |  | Liability |  |  | Asset |  | Liability
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps | $ | 3,405,000 |  |  | $ | 5,259 |  |  | $ | (191) |  |  | $ | 4,030,000 |  |  | $ | — |  |  | $ | (4,011) |
Interest rate caps purchased | 100,000 |  |  | 1,575 |  |  | — |  |  | 200,000 |  |  | 3,395 |  |  | — |
Interest rate collar | 125,000 |  |  | 17 |  |  | — |  |  | 125,000 |  |  | — |  |  | (30) |
| $ | 3,630,000 |  |  | $ | 6,851 |  |  | $ | (191) |  |  | $ | 4,355,000 |  |  | $ | 3,395 |  |  | $ | (4,041) |
(1)The fair values of derivatives are included in other assets or other liabilities in the consolidated balance sheets.
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location | The following table provides information about the amount of gain (loss) related to derivatives designated as cash flow hedges reclassified from AOCI into interest income or expense for the periods indicated (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |
Location of gain (loss) reclassified from AOCI into income: |  |  |  |  |  |  |  |  |  |
Interest expense on deposits |  | $ | 832 |  |  | $ | 4,683 |  |  | $ | 2,177 |  |  | $ | 9,609 |  |  |
Interest expense on borrowings |  | 5,074 |  |  | 12,018 |  |  | 11,115 |  |  | 27,730 |  |  |
Interest income on loans |  | (1,305) |  |  | (810) |  |  | (2,609) |  |  | (1,626) |  |  |
|  | $ | 4,601 |  |  | $ | 15,891 |  |  | $ | 10,683 |  |  | $ | 35,713 |  |  |
Derivatives Not Designated as Hedging Instruments | The following table summarizes the Company's interest rate derivatives not designated as hedging instruments as of the dates indicated (in thousands):
| June 30, 2025 |  | December 31, 2024
| Notional Amount |  | Fair Value(1) |  | Notional Amount |  | Fair Value(1)
|  | Asset |  | Liability |  |  | Asset |  | Liability
Pay-fixed interest rate swaps | $ | 3,321,081 |  |  | $ | 37,977 |  |  | $ | (46,475) |  |  | $ | 2,767,552 |  |  | $ | 69,802 |  |  | $ | (10,342) |
Pay-variable interest rate swaps | 3,321,081 |  |  | 46,460 |  |  | (37,977) |  |  | 2,767,552 |  |  | 10,342 |  |  | (69,802) |
Interest rate caps purchased | 228,417 |  |  | 516 |  |  | — |  |  | 210,398 |  |  | 1,418 |  |  | — |
Interest rate caps sold | 228,417 |  |  | — |  |  | (516) |  |  | 210,398 |  |  | — |  |  | (1,418) |
RPAs purchased | 170,070 |  |  | 304 |  |  | — |  |  | 126,578 |  |  | 175 |  |  | — |
RPAs sold | 505,796 |  |  | — |  |  | (414) |  |  | 424,424 |  |  | — |  |  | (296) |
| $ | 7,774,862 |  |  | $ | 85,257 |  |  | $ | (85,382) |  |  | $ | 6,506,902 |  |  | $ | 81,737 |  |  | $ | (81,858) |
(1)Fair values of these derivatives are included in other assets and other liabilities in the consolidated balance sheets.
Schedule of Interest Rate Swaps Subject to Master Netting Agreements | The Company does not offset assets and liabilities under master netting agreements for financial reporting purposes. Information on interest rate swaps and caps subject to these agreements is as follows at the dates indicated (in thousands):
| June 30, 2025
|  |  | Gross Amounts Offset in Balance Sheet |  | Net Amounts Presented in Balance Sheet |  | Gross Amounts Not Offset in Balance Sheet |  |
| Gross Amounts Recognized |  |  |  | Derivative Instruments |  | Collateral Pledged |  | Net Amount
Derivative assets | $ | 45,344 |  |  | $ | — |  |  | $ | 45,344 |  |  | $ | (21,320) |  |  | $ | (23,997) |  |  | $ | 27 |
Derivative liabilities | (46,666) |  |  | — |  |  | (46,666) |  |  | 21,320 |  |  | 25,346 |  |  | — |
| $ | (1,322) |  |  | $ | — |  |  | $ | (1,322) |  |  | $ | — |  |  | $ | 1,349 |  |  | $ | 27 |
| December 31, 2024
|  |  | Gross Amounts Offset in Balance Sheet |  | Net Amounts Presented in Balance Sheet |  | Gross Amounts Not Offset in Balance Sheet |  |
| Gross Amounts Recognized |  |  |  | Derivative Instruments |  | Collateral Pledged |  | Net Amount
Derivative assets | $ | 74,615 |  |  | $ | — |  |  | $ | 74,615 |  |  | $ | (11,161) |  |  | $ | (63,376) |  |  | $ | 78 |
Derivative liabilities | (14,383) |  |  | — |  |  | (14,383) |  |  | 11,161 |  |  | 3,222 |  |  | — |
| $ | 60,232 |  |  | $ | — |  |  | $ | 60,232 |  |  | $ | — |  |  | $ | (60,154) |  |  | $ | 78 |

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- Definition Tabular disclosure for offsetting or not offsetting fair value amounts recognized for derivative instruments against such amounts recognized for the right to reclaim cash collateral (a receivable) or the obligation to return cash collateral (a payable) arising from derivative instruments recognized at fair value. + References No definition available. + Details
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- Definition Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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/2009/role/commonPracticeRef -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 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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