Derivatives and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 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)	March 31, 2026		December 31, 2025		March 31, 2026		December 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	$	(421,950)	$	(389,295)	$	3,050	$	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 March 31, 2026, it could have been required to settle its obligations under the agreement at the termination value.


	As of
	March 31, 2026					December 31, 2025
(dollars in thousands)	Notional Amount		Fair Value		Balance Sheet Category	Notional Amount		Fair Value		Balance Sheet Category
Derivatives in an asset position:
Derivatives designated as hedging instruments:
Cash flow hedges	$	—	$	—	Other Assets	$	300,000	$	60	Other Assets
Fair value hedges	—		—		Other Assets	—		—		Other Assets
Total hedging instruments	—		—			300,000		60

Derivatives not designated as hedging instruments:
Interest rate swaps related to customer loans	852,066		23,553		Other Assets	808,009		24,272		Other Assets



Total derivatives in an asset position	$	852,066	$	23,553		$	1,108,009	$	24,332

Derivatives in a liability position:
Derivatives designated as hedging instruments:
Cash flow hedges	$	600,000	$	2,711	Other Liabilities	$	—	$	—	Other Liabilities
Fair value hedges	390,000		3,201		Other Liabilities	390,000		927		Other Liabilities
Total hedging instruments	990,000		5,912			390,000		927

Derivatives not designated as hedging instruments:
Interest rate swaps related to customer loans	852,066		22,332		Other Liabilities	808,009		23,015		Other Liabilities

Total derivatives in a liability position	$	1,842,066	$	28,244		$	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 months ended March 31, 2026 and 2025.


The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss)
	Amount of Gain (Loss) Recognized in OCI						Location 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 (Loss) Reclassified from Accumulated OCI into Income
(dollars in thousands)	Total		Included Component		Excluded Component			Total		Included Component		Excluded Component
Three Months Ended March 31, 2026:
Derivatives in cash flow hedging relationships:
Interest rate products	$	(2,585)	$	(2,585)	$	—	Interest income	$	(345)	$	(345)	$	—

Three Months Ended March 31, 2025:
Derivatives in cash flow hedging relationships:
Interest rate products	$	—	$	—	$	—	Interest expense	$	—	$	—	$	—

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
	Three Months Ended March 31,
	2026		2025
(dollars in thousands)	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	$	(715)	$	—

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	$	(370)	$	—
Derivatives designated as hedging instruments	3,201		—

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)	$	(345)	$	—
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	(345)		—
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 March 31,
				2026		2025
Derivatives Not Designated as Hedging Instruments under ASC 815-20:
Interest rate products	Other income / (expense)			$	421	$	(6)

EAGLE BANCORP INC 10-Q