Recently Adopted and Issued Accounting Guidance

12 Months Ended

Dec. 31, 2025

Accounting Standards Update and Change in Accounting Principle [Abstract]

Recently Adopted and Issued Accounting Guidance [Text Block]

Recently Adopted and Issued Accounting Guidance

Interim Reporting - Narrow-Scope Improvements (ASU 2025-11)

In December 2025, the FASB issued guidance to provide clarity on the interim reporting requirements, without expanding or reducing current requirements. This guidance becomes effective for the Bank for the interim periods beginning on January 1, 2028. Early adoption of this guidance is permitted. The adoption of this guidance is not expected to have any effect on the Bank’s financial condition, results of operations, cash flows, or disclosures.

Hedge Accounting Improvements (ASU 2025-09)

In November 2025, the FASB issued guidance addressing incremental hedge accounting issues, including the elimination of the net written option test in certain instances. This guidance becomes effective for the Bank for the annual and interim periods beginning on January 1, 2027. Early adoption of this guidance is permitted. The adoption of this guidance is not expected to have any effect on the Bank’s financial condition, results of operations, cash flows, or disclosures.

Purchased Loans (ASU 2025-08)

In November 2025, the FASB issued guidance updating the accounting for acquired financial assets, requiring certain purchased loans to be accounted for at their purchase price plus an allowance. This guidance becomes effective for the Bank for the annual and interim periods beginning on January 1, 2027. Early adoption of this guidance is permitted. The Bank is in process of evaluating this guidance; the effect on the Bank’s financial condition, results of operations, cash flows, or disclosures has not been determined.

Targeted Improvements to the Accounting for Internal-Use Software (ASU 2025-06)

In September 2025, the FASB issued guidance updating the accounting for internal-use software costs, removing all references to development stages and clarifying when capitalization may begin. This guidance becomes effective for the Bank for the interim and annual periods beginning on January 1, 2028. Early adoption of this guidance is permitted. The Bank is in process of evaluating this guidance; the effect on the Bank’s financial condition, results of operations, cash flows, or disclosures has not been determined.

Disaggregation of Income Statement Expenses (ASU 2024-03)

In November 2024, the FASB issued guidance requiring disaggregated disclosure of income statement expenses. This guidance becomes effective for the Bank for the annual period ended December 31, 2027, and the interim periods thereafter. While early adoption of this guidance is permitted, the Bank does not intend to early adopt. The adoption of this guidance is not expected to have any effect on the Bank’s financial condition, results of operations, cash flows, or disclosures due to the existing level of disaggregation.