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Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended
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Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Notional and Gross Fair Value Amounts of Derivatives Not Designated | The table below presents the notional and gross fair value amounts of the Company’s derivatives:
| June 30, 2026 |  | December 31, 2025 |  |  |
| Notional |  | Derivative Asset(1) |  | Derivative Liability(1) |  | Notional |  | Derivative Asset(1) |  | Derivative Liability(1) |  |  |
Credit derivatives | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,737 |  |  | $ | — |  |  | $ | (1,327) |  |  |  |
Interest rate contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate caps | 775,000 |  |  | 7,801 |  |  | — |  |  | 325,000 |  |  | 528 |  |  | — |  |  |  |
Interest rate swaps | 1,325,000 |  |  | 1,872 |  |  | (698) |  |  | 125,000 |  |  | — |  |  | (234) |  |  |  |
Total interest rate contracts | $ | 2,100,000 |  |  | $ | 9,673 |  |  | $ | (698) |  |  | $ | 450,000 |  |  | $ | 528 |  |  | $ | (234) |  |  |  |
Total | $ | 2,100,000 |  |  | $ | 9,673 |  |  | $ | (698) |  |  | $ | 453,737 |  |  | $ | 528 |  |  | $ | (1,561) |  |  |  |
(1) Recorded in “Other assets” or “Other liabilities” on a net basis, as applicable, on the Balance Sheet and in “Operating activities” on the Statement of Cash Flows.
Schedule of Gains (Losses) on Derivatives and Fair Value Hedges | The table below presents the gains (losses) recognized on the Company’s derivatives:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Credit derivatives(1) | $ | — |  |  | $ | 957 |  |  | $ | 289 |  |  | $ | 2,116 |
Interest rate contracts(2) | 3,186 |  |  | (10) |  |  | 6,087 |  |  | (70) |
Total gains | $ | 3,186 |  |  | $ | 947 |  |  | $ | 6,376 |  |  | $ | 2,046 |
(1) The initial fair value of the credit derivative liabilities is recorded in “Gain on sales of loans” with incremental changes in the fair value recorded in “Net fair value adjustments,” both on the Income Statement. (2) Recorded in “Net fair value adjustments” on the Income Statement. The following table summarizes the gain (loss) recognized on the Company’s fair value hedges:
|  |  | Three Months Ended June 30, 2025 |  |  |  | Six Months Ended June 30, 2025
Gains (losses) recognized on: |  |  |  |  |  |  |
Unsecured consumer loans: |  |  |  |  |  |  |
Hedged item |  |  | $ | (406) |  |  |  |  | $ | (153) |
Derivatives |  |  | 348 |  |  |  |  | 70 |
Interest settlement on derivative(1) |  |  | 147 |  |  |  |  | (388) |
Total gain (loss) on hedged unsecured consumer loans(2) |  |  | 89 |  |  |  |  | (471) |
Securities available for sale: |  |  |  |  |  |  |
Hedged item |  |  | 383 |  |  |  |  | 2,242 |
Derivatives |  |  | (413) |  |  |  |  | (2,346) |
Interest settlement on derivative(1) |  |  | 699 |  |  |  |  | 1,315 |
Total gain on hedged securities available for sale(3) |  |  | 669 |  |  |  |  | 1,211 |
Total gain on fair value hedges |  |  | $ | 758 |  |  |  |  | $ | 740 |
(1) Includes accrued interest receivable and accrued interest payable. (2) Recorded in “Interest on loans” on the Income Statement. (3) Recorded in “Interest on securities available for sale” on the Income Statement.
Schedule of Notional and Gross Fair Value Amounts of Derivatives used for Hedging | The table below presents the notional and gross fair value amounts of the Company’s interest rate swaps that were designated as fair value hedges:
|  |  | December 31, 2025 |
|  |  |  |  |  |  | Notional |  | Derivative Asset(1) |  | Derivative Liability(1) |
Unsecured consumer loans |  |  |  |  |  |  | $ | 575,000 |  |  | $ | 81 |  |  | $ | (1,566) |  |
Securities available for sale |  |  |  |  |  |  | 475,000 |  |  | 146 |  |  | (774) |  |
Total interest rate swaps |  |  |  |  |  |  | $ | 1,050,000 |  |  | $ | 227 |  |  | $ | (2,340) |  |
(1) Recorded in “Other assets” or “Other liabilities,” as applicable, on the Balance Sheet and in “Operating activities” on the Statement of Cash Flows.
Schedule of Cumulative Basis Adjustments for Fair Value Hedges | The following table presents the cumulative basis adjustments for fair value hedges:
|  |  | December 31, 2025
Balance Sheet Line Item |  |  |  |  | Carrying Amount of Closed Portfolio(1) |  | Cumulative Fair Value Adjustment Included in the Carrying Amount of the Hedged Items
Loans and leases held for investment at amortized cost |  |  |  |  | $ | 1,283,622 |  |  | $ | 1,597 |
Securities available for sale |  |  |  |  | $ | 1,091,921 |  |  | $ | 727 |
(1) Represents the total closed portfolio of assets (at amortized cost) designated in a portfolio method hedge relationship in which the hedged item is a stated layer that is expected to be remaining at the end of the hedging relationship. At December 31, 2025, the amortized cost of unsecured consumer loans and AFS securities, designated as the hedged items in the portfolio layer hedging relationship, was $575.0 million and $475.0 million, respectively.

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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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -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 + Details
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- Definition Tabular disclosure for fair value 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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