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Derivatives and Hedging Activities (Tables) | 6 Months Ended
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Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location | The following table presents the amortized cost and cumulative basis adjustment for closed portfolios of securities used to designate fair value hedging relationships (in thousands):
|  | As of June 30, 2026 |  | As of December 31, 2025 |  |
AFS securities: |  |  |  |  |  |
Amortized cost (excluding fair value hedge basis adjustment) |  | $ | 659,375 |  |  | $ | 682,878 |  |  |
Fair value hedge basis adjustment |  | (12,223) |  |  | (4,038) |  |  |
The table below presents the effects of fair value hedges on net interest income, as well as their location on the Consolidated Statements of Income (in thousands):
|  | Location of Gain/(Loss) Recognized in Income |  | Three Months Ended June 30, 2026 |  | Six Months Ended June 30, 2026
AFS securities: |  |  |  |  |  |
Gain recognized on derivatives |  | Interest income - debt securities |  | $ | 5,523 |  |  | $ | 8,185 |
Loss recognized on hedged items |  | Interest income - debt securities |  | (5,484) |  |  | (8,074) |
Net gains recognized on fair value hedges |  | Interest income - debt securities |  | $ | 39 |  |  | $ | 111 |
Schedule of Accumulated Other Comprehensive Income/Loss Attributable to Cash Flow Hedge Derivative | The table below presents the effect on the Company’s AOCI or AOCL attributable to the cash flow hedge derivatives, net of tax, and the related gains/losses reclassified from AOCI into income (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
AOCL balance at beginning of period, net of tax |  | $ | — |  |  | $ | (23) |  |  | $ | — |  |  | $ | (87) |
Unrealized (losses) gains recognized in OCI |  | (581) |  |  | (93) |  |  | (581) |  |  | (93) |
Losses reclassified from AOCI into interest income |  | — |  |  | 64 |  |  | — |  |  | 128 |
AOCL balance at end of period, net of tax |  | $ | (581) |  |  | $ | (52) |  |  | $ | (581) |  |  | $ | (52) |
Schedule of Notional Amount and Fair Value of Derivatives Designated and Not Designated as Hedging Instruments | The table below presents the notional amount and fair value of derivatives designated and not designated as hedging instruments, as well as their location on the Consolidated Statements of Financial Condition (in thousands):
|  | Notional |  | Fair Value |  |  |  |
|  |  | Other assets |  | Other liabilities |  |
As of June 30, 2026 |  |  |  |  |  |  |  |  |  |
Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |
Interest rate swaps and cap contracts |  | $ | 2,254,358 |  |  | $ | 73,854 |  |  | $ | 73,877 |  |  |  |  |
Credit default swap |  | 71,246 |  |  | — |  |  | 844 |  |  |  |  |
Derivatives Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |
Interest rate option contracts - cash flow hedge |  | 1,320,000 |  |  | — |  |  | 817 |  |  |  |  |
Interest rate swap contracts - fair value hedge |  | 649,564 |  |  | 12,103 |  |  | — |  |  |  |  |
Total Derivatives |  | $ | 4,295,168 |  |  | $ | 85,957 |  |  | $ | 75,538 |  |  |  |  |
As of December 31, 2025 |  |  |  |  |  |  |  |  |  |
Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |
Interest rate swaps and cap contracts |  | $ | 1,537,760 |  |  | $ | 53,768 |  |  | $ | 53,809 |  |  |  |  |
Credit default swap |  | 75,802 |  |  | — |  |  | 234 |  |  |  |  |
Derivatives Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |
Interest rate swap contract - cash flow hedge |  | 100,000 |  |  | — |  |  | — |  |  |  |  |
Interest rate swap contracts - fair value hedge |  | 678,921 |  |  | 4,055 |  |  | 26 |  |  |  |  |
Total Derivatives |  | $ | 2,392,483 |  |  | $ | 57,823 |  |  | $ | 54,069 |  |  |  |  |

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- Definition 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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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- Definition Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
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