XML 44 R28.htm IDEA: XBRL DOCUMENT v3.26.3
Derivatives and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Balance Sheet Category and Fair Value
The table below presents the amounts recorded on the balance sheet related to cumulative basis adjustments for fair value hedges.
As of
(dollars in thousands)
September 30, 2026December 31, 2025September 30, 2026December 31, 2025
Line Item in the Balance Sheet in Which the Hedged Item is Included
Carrying Amount of the Hedged Assets (Liabilities)
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Assets (Liabilities)
Deposits
$(376,614)$(389,295)$13,386 $705 
The table below identifies the balance sheet category and fair value of the Company’s derivative instruments. The Company has a minimum collateral posting threshold with its derivative counterparty. If the Company had breached any provisions under the agreement as of September 30, 2026, it could have been required to settle its obligations under the agreement at the termination value.
As of
September 30, 2026December 31, 2025
(dollars in thousands)Notional
Amount		Fair ValueBalance Sheet
Category		Notional
Amount		Fair ValueBalance Sheet
Category
Derivatives in an asset position:
Derivatives designated as hedging instruments:
Cash flow hedges
$— $— Other Assets$300,000 $60 Other Assets
Total hedging instruments
— — 300,000 60 
Derivatives not designated as hedging instruments:
Interest rate swaps related to customer loans
976,378 45,333 Other Assets808,009 24,272 Other Assets
Total derivatives in an asset position$976,378 $45,333 $1,108,009 $24,332 
Derivatives in a liability position:
Derivatives designated as hedging instruments:
Cash flow hedges$600,000 $13,689 Other Liabilities$— $— Other Liabilities
Fair value hedges390,000 13,545 
Other Liabilities
390,000 927 
Other Liabilities
Total hedging instruments990,000 27,234 390,000 927 
Derivatives not designated as hedging instruments:
Interest rate swaps related to customer loans
976,378 43,262 Other Liabilities808,009 23,015 Other Liabilities
Total derivatives in a liability position$1,966,378 $70,496 $1,198,009 $23,942 
Schedule of Pretax Net Gains (Losses) of Designated Cash Flow Hedges
The table below presents the pre-tax net gains (losses) of the Company’s designated cash flow hedges for the three and nine months ended September 30, 2026 and 2025.
The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss)
Amount of Gain (Loss) Recognized in OCILocation of Gain (Loss) Recognized from Accumulated Other Comprehensive Income (Loss) into Income (Loss)Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income Year Ended Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Loss)
(dollars in thousands)Total Included ComponentExcluded ComponentTotal Included ComponentExcluded Component
For the Three Months Ended September 30, 2026
Derivatives in cash flow hedging relationships:
Interest rate products$(8,006)$(8,006)$— Interest income$(443)$(443)$— 
For the Three Months Ended September 30, 2025
Derivatives in cash flow hedging relationships:
Interest rate products— — — Interest income— — — 
For the Nine Months Ended September 30, 2026
Derivatives in cash flow hedging relationships:
Interest rate products(15,830)(15,830)— 
Interest income
(1,208)(1,208)— 
For the Nine Months Ended September 30, 2025
Derivatives in cash flow hedging relationships:
Interest rate products— — — Interest income— — — 
Schedule of the Effect of Derivative Financial Instruments
The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations.
The Effect of Fair Value and Cash Flow Hedge Accounting on the Consolidated Statements of Operations
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2026202520262025
(dollars in thousands)Interest Income (Expense)
Interest Income (Expense)
Total amounts of expense line items presented in the Consolidated Statements of Operations in which the effects of fair value and cash flow hedges are recorded
$(839)$42 $(2,320)$95 
The effect of fair value and cash flow hedging:
Gain (loss) on fair value hedging relationships in Subtopic 815-20:
Interest rate products:
Hedged items
$6,936 $484 $12,681 $484 
Derivatives designated as hedging instruments(7,333)(442)(13,792)(388)
Gain (loss) on cash flow hedging relationships in Subtopic 815-20:
Interest rate products:
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss)$(443)$— $(1,208)$— 
Amount of gain (loss) reclassified from accumulated other comprehensive income into income as a result that a forecasted transaction is no longer probable of occurring— — — — 
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss) - included component(443)— (1,208)— 
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss) - excluded component— — — — 
The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations.
The Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Operations
(dollars in thousands)Location of Gain or (Loss) Recognized in
Income on Derivative		Amount of Gain or (Loss) Recognized in Income on Derivatives
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2026202520262025
Derivatives Not Designated as Hedging Instruments under ASC 815-20:
Interest rate productsOther income / (expense)$756 $274 $1,451 $834