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Derivative and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Offsetting Assets
The tables below present a gross presentation, the effects of offsetting, and a net presentation of the Company’s financial instruments that are eligible for offset in the Consolidated Statements of Condition as of December 31, 2025 and December 31, 2024 (in thousands).
Fair Values of Derivative Instruments as of December 31, 2025
Asset DerivativesLiability Derivatives
Notional AmountConsolidated Statements of Financial Condition
Fair
 value (1)
Notional AmountConsolidated Statements of Financial Condition
Fair
 value (1)
Derivatives not designated as a hedging instrument:
Interest rate products$2,000,609 Other assets$105,251 $2,000,609 Other liabilities$105,453 
Credit contracts33,385 Other assets9 65,167 Other liabilities— 
Total derivatives not designated as a hedging instrument105,260 105,453 
Derivatives designated as a hedging instrument:
Interest rate products— Other assets— 575 Other liabilities2,670 
Total gross derivative amounts recognized on the balance sheet105,260 108,123 
Netting Adjustments— 1,678
Gross amounts offset on the balance sheet— — 
Net derivative amounts presented on the balance sheet$105,260 $106,445 
Gross amounts not offset on the balance sheet:
Financial instruments - institutional counterparties$7,814 $7,814 
Cash collateral - institutional counterparties 89,000 — 
Net derivatives not offset$8,446 $98,631 
Fair Values of Derivative Instruments as of December 31, 2024
Asset DerivativesLiability Derivatives
Notional AmountConsolidated Statements of Financial Condition
Fair
 value (1)
Notional AmountConsolidated Statements of Financial Condition
Fair
 value (1)
Derivatives not designated as a hedging instrument:
Interest rate products$2,272,162 Other assets$174,196 $2,272,162 Other liabilities$174,344 
Credit contracts11,662 Other assets— 67,560 Other liabilities— 
Total derivatives not designated as a hedging instrument174,196 174,344 
Derivatives designated as a hedging instrument:
Interest rate products225,000 Other assets5,136 75,000 Other liabilities204 
Total gross derivative amounts recognized on the balance sheet179,332 174,548 
Gross amounts offset on the balance sheet— — 
Net derivative amounts presented on the balance sheet$179,332 $174,548 
Gross amounts not offset on the balance sheet:
Financial instruments - institutional counterparties$2,255 2,255 
Cash collateral - institutional counterparties174,904 — 
Net derivatives not offset$2,173 $172,293 
(1) The fair values related to interest rate products in the above net derivative tables show the total value of assets and liabilities, which include accrued interest receivable and accrued interest payable for the periods ended December 31, 2025 and December 31, 2024.
Schedule of Offsetting Liabilities
The tables below present a gross presentation, the effects of offsetting, and a net presentation of the Company’s financial instruments that are eligible for offset in the Consolidated Statements of Condition as of December 31, 2025 and December 31, 2024 (in thousands).
Fair Values of Derivative Instruments as of December 31, 2025
Asset DerivativesLiability Derivatives
Notional AmountConsolidated Statements of Financial Condition
Fair
 value (1)
Notional AmountConsolidated Statements of Financial Condition
Fair
 value (1)
Derivatives not designated as a hedging instrument:
Interest rate products$2,000,609 Other assets$105,251 $2,000,609 Other liabilities$105,453 
Credit contracts33,385 Other assets9 65,167 Other liabilities— 
Total derivatives not designated as a hedging instrument105,260 105,453 
Derivatives designated as a hedging instrument:
Interest rate products— Other assets— 575 Other liabilities2,670 
Total gross derivative amounts recognized on the balance sheet105,260 108,123 
Netting Adjustments— 1,678
Gross amounts offset on the balance sheet— — 
Net derivative amounts presented on the balance sheet$105,260 $106,445 
Gross amounts not offset on the balance sheet:
Financial instruments - institutional counterparties$7,814 $7,814 
Cash collateral - institutional counterparties 89,000 — 
Net derivatives not offset$8,446 $98,631 
Fair Values of Derivative Instruments as of December 31, 2024
Asset DerivativesLiability Derivatives
Notional AmountConsolidated Statements of Financial Condition
Fair
 value (1)
Notional AmountConsolidated Statements of Financial Condition
Fair
 value (1)
Derivatives not designated as a hedging instrument:
Interest rate products$2,272,162 Other assets$174,196 $2,272,162 Other liabilities$174,344 
Credit contracts11,662 Other assets— 67,560 Other liabilities— 
Total derivatives not designated as a hedging instrument174,196 174,344 
Derivatives designated as a hedging instrument:
Interest rate products225,000 Other assets5,136 75,000 Other liabilities204 
Total gross derivative amounts recognized on the balance sheet179,332 174,548 
Gross amounts offset on the balance sheet— — 
Net derivative amounts presented on the balance sheet$179,332 $174,548 
Gross amounts not offset on the balance sheet:
Financial instruments - institutional counterparties$2,255 2,255 
Cash collateral - institutional counterparties174,904 — 
Net derivatives not offset$2,173 $172,293 
(1) The fair values related to interest rate products in the above net derivative tables show the total value of assets and liabilities, which include accrued interest receivable and accrued interest payable for the periods ended December 31, 2025 and December 31, 2024.
Schedule of Derivative Instruments Gain (Loss)
The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the years ended December 31, 2025, 2024 and 2023 (in thousands).
Gain recognized in Income on derivatives
For the Year Ended December 31,
Consolidated Statements of Income202520242023
Derivatives not designated as hedging instruments:
Interest rate productsOther (loss) income$(54)435 133 
Credit contractsOther (loss) income(124)30 (7)
Total derivatives not designated as hedging instruments$(178)465 126 
Derivatives designated as hedging instruments: (Gain) Loss recognized in Expense on derivatives
Interest rate productsInterest expense$(6,993)(13,670)(17,713)
Total derivatives designated as a hedging instruments$(6,993)(13,670)(17,713)