XML 49 R39.htm IDEA: XBRL DOCUMENT v3.25.3

Derivatives (Tables)

9 Months Ended

Sep. 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 September 30, 2025 and December 31, 2024. Information about the valuation methods used to measure fair value is provided in note 16.

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Asset derivatives fair value

​

​

​

Liability derivatives fair value

​

​

Balance Sheet

​

September 30,

​

December 31,

​

Balance Sheet

​

September 30,

​

December 31,

​

​

location

​

2025

​

2024

​

location

​

2025

​

2024

Derivatives designated as hedging instruments:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest rate products

​

Other assets

​

$

20,575

​

$

31,864

​

Other liabilities

​

$

3,352

​

$

1,296

Total derivatives designated as hedging instruments

​

​

​

$

20,575

​

$

31,864

​

​

​

$

3,352

​

$

1,296

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Derivatives not designated as hedging instruments:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest rate products

​

Other assets

​

$

7,961

​

$

7,773

​

Other liabilities

​

$

7,970

​

$

7,780

Interest rate lock commitments

​

Other assets

​

​

377

​

​

282

​

Other liabilities

​

​

2

​

​

—

Forward contracts

​

Other assets

​

​

35

​

​

104

​

Other liabilities

​

​

12

​

​

10

Total derivatives not designated as hedging instruments

​

​

​

$

8,373

​

$

8,159

​

​

​

$

7,984

​

$

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

​

September 30,

​

December 31,

​

September 30,

​

December 31,

condition in which the hedged item is included

​

2025

​

2024

​

2025

​

2024

Loans receivable

​

$

456,646

​

$

456,098

​

$

(17,504)

​

$

(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 $19.5 million and $31.2 million as of September 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 nine months ended September 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 September 30,

​

For the nine months ended September 30,

Derivatives in hedging relationships

​

derivatives

​

2025

​

2024

​

2025

​

2024

Fair value hedging relationships - Interest rate products

​

Interest and fees on loans

​

$

(595)

​

$

(11,452)

​

$

(6,702)

​

$

1,096

Cash flow hedging relationships - Interest rate products

​

Interest and fees on loans

​

​

(306)

​

​

(548)

​

​

(1,027)

​

​

(1,575)

Total

​

​

​

$

(901)

​

$

(12,000)

​

$

(7,729)

​

$

(479)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Location of gain (loss)

​

Amount of gain recognized in income on derivatives

​

​

recognized in income on

​

For the three months ended September 30,

​

For the nine months ended September 30,

Hedged items

​

hedged items

​

2025

​

2024

​

2025

​

2024

Interest rate products

​

Interest and fees on loans

​

$

2,109

​

$

13,945

​

$

11,194

​

$

6,451

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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 September 30,

​

For the nine months ended September 30,

as hedging instruments

​

derivatives

​

2025

​

2024

​

2025

​

2024

Interest rate products

​

Other non-interest expense

​

$

1

​

$

(6)

​

$

(1)

​

$

(6)

Interest rate lock commitments

​

Mortgage banking income

​

​

(179)

​

​

188

​

​

181

​

​

459

Forward contracts

​

Mortgage banking income

​

​

272

​

​

(48)

​

​

(70)

​

​

77

Total

​

​

​

$

94

​

$

134

​

$

110

​

$

530

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.

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the three months ended September 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

​

$

(135)

​

$

(8)

​

$

(127)

​

​

Interest income

​

$

(306)

​

$

(187)

​

$

(119)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the nine months ended September 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

​

$

(181)

​

$

(44)

​

$

(137)

​

​

Interest income

​

$

(1,027)

​

$

(674)

​

$

(353)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the three months ended September 30, 2024

​

​

Gain recognized in OCI on derivatives

​

Gain recognized in OCI included component

​

Gain 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

​

$

1,011

​

$

890

​

$

121

​

​

Interest income

​

$

(548)

​

$

(429)

​

$

(119)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the nine months ended September 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

​

$

(824)

​

$

(368)

​

$

(456)

​

​

Interest income

​

$

(1,575)

​

$

(1,220)

​

$

(355)

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- References

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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

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-Topic 815
-SubTopic 10
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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.

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-Section 50
-Paragraph 4CC
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-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
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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.

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