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Derivative Financial Instruments (Tables)
6 Months Ended
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 Products332028 - 2036$164,313 $8,479 
Derivative financial instruments not designated as hedging instruments:
Assets:
Interest Rate Products632025 - 2037$572,741 $17,037 
Other52028$16,147 $11 
Liabilities:
Interest Rate Products632025 - 2037$572,741 $17,068 
Other62027 - 2029$53,162 $65 
December 31, 2024
Derivative financial instruments designated as hedging instruments:
Assets:
Interest Rate Products362029 - 2034$175,967 $13,452 
Derivative financial instruments not designated as hedging instruments:
Assets:
Interest Rate Products572025 - 2037$502,080 $22,062 
Other12025$7,759 $— 
Liabilities:
Interest Rate Products572025 - 2037$502,080 $21,830 
Other52027 - 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:
Futures2025$79,500 $1,761 
Interest rate lock commitments (IRLC)2025$87,399 $1,155 
Liabilities:
Forward MBS trades2025$126,000 $1,043 
December 31, 2024
Derivative financial instruments
Assets:
Forward MBS trades2025$86,000 $464 
Interest rate lock commitments (IRLC)2025$44,701 $110 
Liabilities:
Futures2025$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,
2025202420252024
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,
2025202420252024
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)$— $(2,729)$—