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v3.26.1

DERIVATIVES (Tables) | 3 Months Ended
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Mar. 31, 2026
DERIVATIVES |
Schedule of key unobservable inputs used in determining the fair value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2026 | ​ | December 31, 2025
Average pull through rates | ​ ​ ​ | 90.3 | % | ​ | 82.8 | %
Average costs to originate | ​ | 1.3 | % |  | 1.3 | %
Schedule of derivative and non-derivative financial instruments | The following summarizes derivative and non-derivative financial instruments as of March 31, 2026 and December 31, 2025 ($ in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2026
​ | ​ | Fair | ​ | Notional
Derivative financial instruments: | ​ | Value | ​ | Amount
Derivative assets (1) | ​ | $ | 2,977 | ​ | $ | 281,344
Derivative liabilities | ​ | $ | — | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2026
​ | ​ | Fair | ​ | Notional
Non-derivative financial instruments: | ​ | Value | ​ | Amount
Best efforts assets | ​ | $ | 461 | ​ | $ | 33,094
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2025
​ | ​ | Fair | ​ | Notional
Derivative financial instruments: | ​ | Value | ​ | Amount
Derivative assets (1) | ​ | $ | 1,389 | ​ | $ | 52,702
Derivative liabilities | ​ | $ | 121 | ​ | $ | 132,500
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2025
​ | ​ | Fair | ​ | Notional
Non-derivative financial instruments: | ​ | Value | ​ | Amount
Best efforts assets | ​ | $ | 169 | ​ | $ | 15,100
(1) | Pull through rate adjusted.

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + 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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