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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The components of our banking derivative financial instruments consisted of the following as of:

			Number of Transactions						Expiration Dates						Outstanding Notional						Estimated Fair Value
March 31, 2025
Derivative financial instruments designated as hedging instruments:
Assets:
Interest Rate Products			33						2029 - 2031						$	164,894					$	10,161
Derivative financial instruments not designated as hedging instruments:
Assets:
Interest Rate Products			59						2025 - 2037						$	540,918					$	18,290
Other			5						2028						$	16,147					$	10
Liabilities:
Interest Rate Products			59						2025 - 2037						$	540,918					$	18,166
Other			6						2027 - 2029						$	53,437					$	60
December 31, 2024
Derivative financial instruments designated as hedging instruments:
Assets:
Interest Rate Products			36						2029 - 2034						$	175,967					$	13,452
Derivative financial instruments not designated as hedging instruments:
Assets:
Interest Rate Products			57						2025 - 2037						$	502,080					$	22,062
Other			1						2025						$	7,759					$	—
Liabilities:
Interest Rate Products			57						2025 - 2037						$	502,080					$	21,830
Other			5						2027 - 2028						$	38,756					$	31

The components of our mortgage banking derivative financial instruments consisted of the following as of:

			Expiration Dates						Outstanding Notional						Estimated Fair Value
March 31, 2025
Derivative financial instruments
Assets:
Futures			2025						$	56,900					$	726
Forward MBS trades			2025						$	109,000					$	(380)
Interest rate lock commitments (IRLC)			2025						$	98,583					$	871
December 31, 2024
Derivative financial instruments
Assets:
Forward MBS trades			2025						$	86,000					$	464
Interest rate lock commitments (IRLC)			2025						$	44,701					$	110
Liabilities:
Futures			2025						$	44,900					$	1,002

Schedule of Derivative Instruments, Gain (Loss)

We recorded gains and losses on banking derivative assets and liabilities as follows:

			For the three months ended March 31,
			2025						2024
Recorded (loss) gain on banking derivative assets			$	(2,374)					$	6,385
Recorded gain (loss) on banking derivative liabilities			$	2,291					$	(6,232)

We recorded gains and losses on mortgage banking derivative assets and liabilities as follows:

			For the three months ended March 31,
			2025						2024
Recorded gain on mortgage banking derivative assets			$	2,448					$	58
Recorded loss on mortgage banking derivative liabilities			$	(411)					$	—

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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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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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