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Financial Instruments with Off-Balance Sheet Risk (Tables)
 3 Months Ended
Mar. 31, 2025
Financial Instruments with Off-Balance Sheet Risk [Abstract]  
Schedule of Securities Borrowing and Lending Activity

The following table presents information about the Company’s securities borrowing and lending activity depicting the potential effect of rights of setoff between these recognized assets and liabilities.

 

   As of March 31, 2025 
   Gross Amounts
of Recognized
Assets and
Liabilities		   Gross Amounts Offset
in the Consolidated
Statements of
Financial Condition1		   Net Amounts Presented in the
Consolidated
Statements of
Financial Condition		   FMV - Collateral Received or Pledged2   Net Amount3 
Assets                    
Securities borrowed  $207,591,000   $
—
   $207,591,000   $197,710,000   $9,881,000 
Liabilities                         
Securities loaned  $210,688,000   $
—
   $210,688,000   $200,536,000   $10,152,000 

 

   As of December 31, 2024 
   Gross Amounts
of Recognized Assets and
Liabilities		   Gross Amounts Offset
in the Consolidated
Statements of
Financial Condition1		   Net Amounts Presented in the
Consolidated
Statements of
Financial Condition		   FMV -
Collateral Received or Pledged2		   Net Amount3 
Assets                    
Securities borrowed  $139,040,000   $
—
   $139,040,000   $126,484,000   $12,556,000 
Liabilities                         
Securities loaned  $184,962,000   $
—
   $184,962,000   $170,780,000   $14,182,000 

 

(1)Amounts represent recognized assets and liabilities that are subject to enforceable master agreements with rights of setoff. The Company did not net any securities borrowed or securities loaned as of March 31, 2025 or December 31, 2024.

 

(2)Represents the fair value of collateral the Company had received or pledged under enforceable master agreements.

 

(3)Represents the total contract value as presented in the financial statements less the fair market value of the collateral received or pledged.