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Derivatives and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2025

Derivatives and Hedging Activities

Schedule of derivative positions at the dates indicated below for interest rate swaps

The following table reflects information about the Company’s derivative positions at the dates indicated below for interest rate swaps which qualify as cash flow hedges for accounting purposes:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

September 30, 2025

​

​

​

​

​

​

Weighted Average Rate

​

​

​

​

​

Notional

​

Weighted Average

​

Current Rate

​

Current Rate

​

​

​

​

Amount

​

Maturity

​

Paid

​

Received

​

​

Fair Value

​

(in thousands)

​

(in years)

​

​

​

​

​

​

(in thousands)

Interest rate swaps

$

300,000

​

3.5

​

4.31

%

3.44

%

​

$

1,592

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

$

300,000

​

​

​

​

​

​

​

​

$

1,592

Schedule of fair values of derivative instruments on the balance sheet

​

​	​	​	​	​	​	​
​	​	Derivative		​	Derivative
​	​	Assets (1)		​	Liabilities (2)
September 30, 2025	​	(in thousands)
Derivatives not designated as hedging instruments:	​	​	​	​	​	​
Interest rate products	​	$	22,772	​	$	22,771
RPA credit contracts	​	​	—	​	​	2
Total derivatives not designated as hedging instruments	​	$	22,772	​	$	22,773
​	​	​	​	​	​	​
December 31, 2024	​	​	​	​	​	​
Derivatives not designated as hedging instruments:	​	​	​	​	​	​
Interest rate products	​	$	27,174	​	$	27,174
RPA credit contracts	​	​	—	​	​	3
Total derivatives not designated as hedging instruments	​	$	27,174	​	$	27,177

(1) Recorded in prepaid expenses and other assets on the consolidated balance sheets.

(2) Recorded in accrued expenses and other liabilities on the consolidated balance sheets.

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- References

No definition available.

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- Definition

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
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 3: 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

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-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

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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.

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