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Derivative Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 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 |  |
June 30, 2025 |  |  |  |  |  |  |  |  |
Derivative financial instruments designated as hedging instruments: |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |
Interest Rate Products | 33 |  | 2028 - 2036 |  | $ | 164,313 |  |  | $ | 8,479 |  |  |
Derivative financial instruments not designated as hedging instruments: |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |
Interest Rate Products | 63 |  | 2025 - 2037 |  | $ | 572,741 |  |  | $ | 17,037 |  |  |
Other | 5 |  | 2028 |  | $ | 16,147 |  |  | $ | 11 |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Interest Rate Products | 63 |  | 2025 - 2037 |  | $ | 572,741 |  |  | $ | 17,068 |  |  |
Other | 6 |  | 2027 - 2029 |  | $ | 53,162 |  |  | $ | 65 |  |  |
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 |  |
June 30, 2025 |  |  |  |  |  |  |
Derivative financial instruments |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |
Futures | 2025 |  | $ | 79,500 |  |  | $ | 1,761 |  |  |
Interest rate lock commitments (IRLC) | 2025 |  | $ | 87,399 |  |  | $ | 1,155 |  |  |
Liabilities: |  |  |  |  |  |  |
Forward MBS trades | 2025 |  | $ | 126,000 |  |  | $ | 1,043 |  |  |
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 June 30, |  | For the six months ended June 30, |  |  |  |
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |  |
Recorded gain (loss) on banking derivative assets | $ | 727 |  |  | $ | 3,257 |  |  | $ | (1,647) |  |  | $ | 9,642 |  |  |  |  |
Recorded (loss) gain on banking derivative liabilities | $ | (859) |  |  | $ | (3,251) |  |  | $ | 1,432 |  |  | $ | (9,483) |  |  |  |  |
We recorded gains and losses on mortgage banking derivative assets and liabilities as follows:
| For the three months ended June 30, |  | For the six months ended June 30, |  |  |  |
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |  |
Recorded gain (loss) on mortgage banking derivative assets | $ | 1,360 |  |  | $ | (1,065) |  |  | $ | 3,808 |  |  | $ | (1,007) |  |  |  |  |
Recorded loss on mortgage banking derivative liabilities | $ | (2,318) |  |  | $ | — |  |  | $ | (2,729) |  |  | $ | — |  |  |  |  |

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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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