XML 55 R44.htm IDEA: XBRL DOCUMENT
v3.24.3

Fair Value Measurements (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Fair Value Measurements |
Tables of Financial Instruments Measured At Fair Value on Recurring Basis | The tables below present the financial instruments measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023 in the consolidated statements of financial condition utilizing the hierarchy structure described above: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2024
​ | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Total
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investment securities available-for-sale | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasuries | ​ | $ | 49,190 | ​ | $ | — | ​ | $ | — | ​ | $ | 49,190
Mortgage-backed securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises | ​ | ​ | — | ​ | ​ | 196,530 | ​ | ​ | — | ​ | ​ | 196,530
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises | ​ | ​ | — | ​ | ​ | 460,496 | ​ | ​ | — | ​ | ​ | 460,496
Municipal securities | ​ | ​ | — | ​ | ​ | 80 | ​ | ​ | — | ​ | ​ | 80
Corporate debt | ​ | ​ | — | ​ | ​ | 1,962 | ​ | ​ | — | ​ | ​ | 1,962
Loans held for sale | ​ | ​ | — | ​ | ​ | 16,765 | ​ | ​ | — | ​ | ​ | 16,765
Interest rate swap derivatives | ​ | ​ | — | ​ | ​ | 30,459 | ​ | ​ | — | ​ | ​ | 30,459
Mortgage banking derivatives | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 640 | ​ | ​ | 640
Total assets at fair value | ​ | $ | 49,190 | ​ | $ | 706,292 | ​ | $ | 640 | ​ | $ | 756,122
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap derivatives | ​ | $ | — | ​ | $ | 13,377 | ​ | $ | — | ​ | $ | 13,377
Mortgage banking derivatives | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 74 | ​ | ​ | 74
Total liabilities at fair value | ​ | $ | — | ​ | $ | 13,377 | ​ | $ | 74 | ​ | $ | 13,451
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023
​ | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Total
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investment securities available-for-sale | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasuries | ​ | $ | 73,044 | ​ | $ | — | ​ | $ | — | ​ | $ | 73,044
Mortgage-backed securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises | ​ | ​ | — | ​ | ​ | 201,809 | ​ | ​ | — | ​ | ​ | 201,809
Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises | ​ | ​ | — | ​ | ​ | 351,242 | ​ | ​ | — | ​ | ​ | 351,242
Municipal securities | ​ | ​ | — | ​ | ​ | 79 | ​ | ​ | — | ​ | ​ | 79
Corporate debt | ​ | ​ | — | ​ | ​ | 1,843 | ​ | ​ | — | ​ | ​ | 1,843
Loans held for sale | ​ | ​ | — | ​ | ​ | 18,854 | ​ | ​ | — | ​ | ​ | 18,854
Interest rate swap derivatives | ​ | ​ | — | ​ | ​ | 37,408 | ​ | ​ | — | ​ | ​ | 37,408
Mortgage banking derivatives | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 287 | ​ | ​ | 287
Total assets at fair value | ​ | $ | 73,044 | ​ | $ | 611,235 | ​ | $ | 287 | ​ | $ | 684,566
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap derivatives | ​ | $ | — | ​ | $ | 15,284 | ​ | $ | — | ​ | $ | 15,284
Mortgage banking derivatives | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 115 | ​ | ​ | 115
Total liabilities at fair value | ​ | $ | — | ​ | $ | 15,284 | ​ | $ | 115 | ​ | $ | 15,399
​
Table of Changes in Level 3 Financial Instruments | The table below details the changes in level 3 financial instruments during the nine months ended September 30, 2024: ​
​ | ​ | ​ | ​
​ | ​ | Mortgage banking
​ | ​ | derivatives, net
Balance at December 31, 2023 | ​ | $ | 172
Gain included in earnings, net | ​ | ​ | 536
Fees and costs included in earnings, net | ​ | ​ | (142)
Balance at September 30, 2024 | ​ | $ | 566
​
Table of Assets Recorded at Fair Value On a Non-Recurring Basis | The tables below provide information regarding losses from assets recorded at fair value on a non-recurring basis during the nine months ended September 30, 2024 and 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2024
​ | ​ | Total | ​ | Losses from fair value changes
Individually evaluated loans | ​ | $ | 43,684 | ​ | $ | 8,387
Mortgage servicing rights | ​ | ​ | 4,800 | ​ | ​ | 13
Total | ​ | $ | 48,484 | ​ | $ | 8,400
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2023
​ | ​ | Total | ​ | Losses from fair value changes
Individually evaluated loans | ​ | $ | 42,642 | ​ | $ | 1,218
Other real estate owned | ​ | ​ | 3,416 | ​ | ​ | 55
Premises and equipment | ​ | ​ | 13,169 | ​ | ​ | 244
Total | ​ | $ | 59,227 | ​ | $ | 1,517
​

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration