XML 41 R31.htm IDEA: XBRL DOCUMENT v3.25.2
DERIVATIVES AND HEDGING (Tables)
6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives Designated in Hedge Relationships
Asset DerivativesLiability Derivatives
June 30, 2025December 31, 2024June 30, 2025December 31, 2024
Notional/ Contract AmountFair ValueNotional/ Contract AmountFair ValueNotional/ Contract AmountFair ValueNotional/ Contract AmountFair Value
Interest rate swaps $394,827 $21,442 $386,995 $30,134 $394,827 $21,468 $386,995 $30,184 
Master netting agreements(10,478)(15,627)— — 
Cash offset/(settlement)— — — — 
Net interest rate swaps10,964 14,507 21,468 30,184 
Risk participation agreements700 — 817 — 41,543 13 43,097 
Mortgage loan commitments54,551 629 30,085 108 — — 5,427 
Forward sales contracts13,458 — 49,628 223 56,574 497 — — 
Total$463,536 $11,593 $467,525 $14,838 $492,944 $21,978 $435,519 $30,192 
Schedule of Fair Value, Measured on Nonrecurring Basis, Gains (Losses) From Fair Value Adjustments [Table Text Block]
Gains (losses) recognized in income within mortgage banking operations on non-designated hedging instruments for the three and six months ended June 30, 2025 and 2024, were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Mortgage loan commitments$324 $40 $605 $73 
Forward sales contracts(352)10 (809)80 
$(28)$50 $(204)$153 
Offsetting Assets and Liabilities as of June 30, 2025 and December 31, 2024 (in thousands):
June 30, 2025
Gross Amounts of Financial Instruments Not Offset in the Consolidated Statement of Financial Condition
Gross Amounts RecognizedAmounts offset in the Statement of Financial ConditionNet Amounts in the Statement of Financial ConditionNetting Adjustment Per Applicable Master Netting AgreementsFair Value of Financial Collateral in the Statement of Financial ConditionNet Amount
Derivative assets
Interest rate swaps$21,442 $(10,478)$10,964 $— $— $10,964 
$21,442 $(10,478)$10,964 $— $— $10,964 
Derivative liabilities
Interest rate swaps$21,468 $— $21,468 $— $(15,104)$6,364 
$21,468 $— $21,468 $— $(15,104)$6,364 
December 31, 2024
Gross Amounts of Financial Instruments Not Offset in the Consolidated Statement of Financial Condition
Gross Amounts RecognizedAmounts offset
in the Statement
of Financial Condition
Net Amounts in the Statement of Financial ConditionNetting Adjustment Per Applicable Master Netting AgreementsFair Value of Financial Collateral in the Statement of Financial ConditionNet Amount
Derivative assets
Interest rate swaps$30,134 $(15,627)$14,507 $— $— $14,507 
$30,134 $(15,627)$14,507 $— $— $14,507 
Derivative liabilities
Interest rate swaps$30,184 $— $30,184 $— $(18,228)$11,956 
$30,184 $— $30,184 $— $(18,228)$11,956