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Derivatives (Tables) | 6 Months Ended
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Jun. 30, 2025
Derivatives |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The table below presents the fair value of the Company’s derivative financial instruments as well as their classification in the consolidated statements of financial condition as of June 30, 2025 and December 31, 2024. Information about the valuation methods used to measure fair value is provided in note 16. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Asset derivatives fair value | ​ | ​ | ​ | Liability derivatives fair value
​ | ​ | Balance Sheet | ​ | June 30, | ​ | December 31, | ​ | Balance Sheet | ​ | June 30, | ​ | December 31,
​ | ​ | location | ​ | 2025 | ​ | 2024 | ​ | location | ​ | 2025 | ​ | 2024
Derivatives designated as hedging instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate products | ​ | Other assets | ​ | $ | 23,341 | ​ | $ | 31,864 | ​ | Other liabilities | ​ | $ | 2,264 | ​ | $ | 1,296
Total derivatives designated as hedging instruments | ​ | ​ | ​ | $ | 23,341 | ​ | $ | 31,864 | ​ | ​ | ​ | $ | 2,264 | ​ | $ | 1,296
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives not designated as hedging instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate products | ​ | Other assets | ​ | $ | 8,710 | ​ | $ | 7,773 | ​ | Other liabilities | ​ | $ | 8,718 | ​ | $ | 7,780
Interest rate lock commitments | ​ | Other assets | ​ | ​ | 572 | ​ | ​ | 282 | ​ | Other liabilities | ​ | ​ | — | ​ | ​ | —
Forward contracts | ​ | Other assets | ​ | ​ | — | ​ | ​ | 104 | ​ | Other liabilities | ​ | ​ | 248 | ​ | ​ | 10
Total derivatives not designated as hedging instruments | ​ | ​ | ​ | $ | 9,282 | ​ | $ | 8,159 | ​ | ​ | ​ | $ | 8,966 | ​ | $ | 7,790
Schedule of derivative instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Cumulative amount of fair value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | hedging adjustment included in the
​ | ​ | Carrying amount of hedged assets | ​ | carrying amount of hedged assets(1)
Line item in the consolidated statements of financial | ​ | June 30, | ​ | December 31, | ​ | June 30, | ​ | December 31,
condition in which the hedged item is included | ​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
Loans receivable | ​ | $ | 449,494 | ​ | $ | 456,098 | ​ | $ | (19,613) | ​ | $ | (28,698)
​ | ​ | ​
(1) |  | Fair value hedge adjustments included basis adjustments on terminated positions to be amortized through the contractual maturity date of each respective hedged item. Excluding those terminated positions, the fair value hedge adjustments consisted of losses totaling $21.8 million and $31.2 million as of June 30, 2025 and December 31, 2024, respectively.
Derivative Instruments, Gain (Loss) | The tables below present the effect of the Company’s derivative financial instruments on the consolidated statements of operations for the three and six months ended June 30, 2025 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Location of gain (loss) | ​ | Amount of (loss) gain recognized in income on derivatives
​ | ​ | recognized in income on | ​ | For the three months ended June 30, | ​ | For the six months ended June 30,
Derivatives in hedging relationships | ​ | derivatives | ​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
Fair value hedging relationships - Interest rate products | ​ | Interest and fees on loans | ​ | $ | (1,264) | ​ | $ | 3,455 | ​ | $ | (6,107) | ​ | $ | 12,548
Cash flow hedging relationships - Interest rate products | ​ | Interest and fees on loans | ​ | ​ | (366) | ​ | ​ | (514) | ​ | ​ | (721) | ​ | ​ | (1,027)
Total | ​ | ​ | ​ | $ | (1,630) | ​ | $ | 2,941 | ​ | $ | (6,828) | ​ | $ | 11,521
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Location of gain (loss) | ​ | Amount of gain (loss) recognized in income on derivatives
​ | ​ | recognized in income on | ​ | For the three months ended June 30, | ​ | For the six months ended June 30,
Hedged items | ​ | hedged items | ​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
Interest rate products | ​ | Interest and fees on loans | ​ | $ | 2,759 | ​ | $ | (946) | ​ | $ | 9,084 | ​ | $ | (7,494)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Location of gain (loss) | ​ | Amount of gain (loss) recognized in income on derivatives
Derivatives not designated | ​ | recognized in income on | ​ | For the three months ended June 30, | ​ | For the six months ended June 30,
as hedging instruments | ​ | derivatives | ​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
Interest rate products | ​ | Other non-interest expense | ​ | $ | 1 | ​ | $ | 232 | ​ | $ | (1) | ​ | $ | —
Interest rate lock commitments | ​ | Mortgage banking income | ​ | ​ | (175) | ​ | ​ | (61) | ​ | ​ | 360 | ​ | ​ | 271
Forward contracts | ​ | Mortgage banking income | ​ | ​ | (164) | ​ | ​ | 80 | ​ | ​ | (342) | ​ | ​ | 125
Total | ​ | ​ | ​ | $ | (338) | ​ | $ | 251 | ​ | $ | 17 | ​ | $ | 396
Summary of effect of fair value cash flow hedge accounting on accumulated other comprehensive income | The tables below present the effect of cash flow hedge accounting on AOCI as of the dates presented. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended June 30, 2025
​ | ​ | Loss recognized in OCI on derivatives | ​ | Loss recognized in OCI included component | ​ | Loss recognized in OCI excluded component | ​ | ​ | Location of loss recognized from AOCI into income | ​ | Loss reclassified from AOCI into income | ​ | Loss reclassified from AOCI into income included component | ​ | Loss reclassified from AOCI into income excluded component
Derivatives in cash flow hedging relationships: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate products | ​ | $ | (65) | ​ | $ | (51) | ​ | $ | (14) | ​ | ​ | Interest income | ​ | $ | (366) | ​ | $ | (248) | ​ | $ | (118)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the six months ended June 30, 2025
​ | ​ | Loss recognized in OCI on derivatives | ​ | Loss recognized in OCI included component | ​ | Loss recognized in OCI excluded component | ​ | ​ | Location of loss recognized from AOCI into income | ​ | Loss reclassified from AOCI into income | ​ | Loss reclassified from AOCI into income included component | ​ | Loss reclassified from AOCI into income excluded component
Derivatives in cash flow hedging relationships: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate products | ​ | $ | (46) | ​ | $ | (36) | ​ | $ | (10) | ​ | ​ | Interest income | ​ | $ | (721) | ​ | $ | (487) | ​ | $ | (234)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended June 30, 2024
​ | ​ | Loss recognized in OCI on derivatives | ​ | Loss recognized in OCI included component | ​ | Loss recognized in OCI excluded component | ​ | ​ | Location of loss recognized from AOCI into income | ​ | Loss reclassified from AOCI into income | ​ | Loss reclassified from AOCI into income included component | ​ | Loss reclassified from AOCI into income excluded component
Derivatives in cash flow hedging relationships: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate products | ​ | $ | (408) | ​ | $ | (256) | ​ | $ | (152) | ​ | ​ | Interest income | ​ | $ | (514) | ​ | $ | (396) | ​ | $ | (118)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the six months ended June 30, 2024
​ | ​ | Loss recognized in OCI on derivatives | ​ | Loss recognized in OCI included component | ​ | Loss recognized in OCI excluded component | ​ | ​ | Location of loss recognized from AOCI into income | ​ | Loss reclassified from AOCI into income | ​ | Loss reclassified from AOCI into income included component | ​ | Loss reclassified from AOCI into income excluded component
Derivatives in cash flow hedging relationships: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate products | ​ | $ | (1,836) | ​ | $ | (1,258) | ​ | $ | (578) | ​ | ​ | Interest income | ​ | $ | (1,027) | ​ | $ | (791) | ​ | $ | (236)

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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 of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References No definition available. + Details
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