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Securities Sold Under Agreements to Repurchase (Tables) | 9 Months Ended
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Sep. 30, 2025
Securities Sold under Agreements to Repurchase [Abstract] |
Remaining Contractual Maturities of Repurchase Agreements by Class of Collateral Pledged | The following table presents the remaining contractual maturities of the Company’s repurchase agreements as of September 30, 2025 and December 31, 2024, by collateral pledged.
| Remaining Contractual Maturity of Repurchase Agreements
(dollars in thousands) | Up to 90 days | 91-365 days | 1-3 Years | After 3 Years | Total
September 30, 2025 |  |  |  |  |
Mortgage-Backed Securities: |  |  |  |  |
Residential - Government Agencies or Sponsored Enterprises | $ | — |  | $ | — |  | $ | — |  | $ | 50,000 |  | $ | 50,000 |
December 31, 2024 |  |  |  |  |
Mortgage-Backed Securities: |  |  |  |  |
Residential - Government Agencies or Sponsored Enterprises | $ | — |  | $ | — |  | $ | 50,000 |  | $ | 50,000 |  | $ | 100,000 |
Offsetting Assets | The following table presents the assets and liabilities subject to an enforceable master netting arrangement, or repurchase agreements as of September 30, 2025 and December 31, 2024. The Company has swap agreements with commercial banking customers that are not subject to an enforceable master netting arrangement and therefore are excluded from this table. Interest rate swaps that are designated as fair value hedges between the Company and institutional counterparties are also excluded from this table. See Note 10. Derivative Financial Instruments for more information on swap agreements.
| (i) | (ii) | (iii) = (i)-(ii) | (iv) | (v) = (iii)-(iv)
|  |  |  | Gross Amounts Not Offset in the Statements of Condition |
(dollars in thousands) | Gross Amounts Recognized in the Statements of Condition | Gross Amounts Offset in the Statements of Condition | Net Amounts Presented in the Statements of Condition | Netting Adjustments per Master Netting Arrangements | Fair Value of Collateral Pledged/ Received 1 | Net Amount
September 30, 2025 |  |  |  |  |  |
Assets: |  |  |  |  |  |
Interest Rate Swap Agreements: |  |  |  |  |  |
Institutional Counterparties | $ | 86,426 |  | $ | — |  | $ | 86,426 |  | $ | 15,204 |  | $ | 71,222 |  | $ | — |
Liabilities: |  |  |  |  |  |
Interest Rate Swap Agreements: |  |  |  |  |  |
Institutional Counterparties | 15,204 |  | — |  | 15,204 |  | 15,204 |  | — |  | — |
Repurchase Agreements: |  |  |  |  |  |
Private Institutions | 50,000 |  | — |  | 50,000 |  | — |  | 50,000 |  | — |
December 31, 2024 |  |  |  |  |  |
Assets: |  |  |  |  |  |
Interest Rate Swap Agreements: |  |  |  |  |  |
Institutional Counterparties | $ | 141,571 |  | $ | — |  | $ | 141,571 |  | $ | 5,446 |  | $ | 136,125 |  | $ | — |
Liabilities: |  |  |  |  |  |
Interest Rate Swap Agreements: |  |  |  |  |  |
Institutional Counterparties | 5,446 |  | — |  | 5,446 |  | 5,446 |  | — |  | — |
Repurchase Agreements: |  |  |  |  |  |
Private Institutions | 100,000 |  | — |  | 100,000 |  | — |  | 100,000 |  | — |
1The application of collateral cannot reduce the net amount below zero. Therefore, excess collateral is not reflected in this table. For repurchase agreements with private institutions, the fair value of investment securities pledged was $55.2 million and $109.5 million as of September 30, 2025 and December 31, 2024, respectively.
Offsetting Liabilities | The following table presents the assets and liabilities subject to an enforceable master netting arrangement, or repurchase agreements as of September 30, 2025 and December 31, 2024. The Company has swap agreements with commercial banking customers that are not subject to an enforceable master netting arrangement and therefore are excluded from this table. Interest rate swaps that are designated as fair value hedges between the Company and institutional counterparties are also excluded from this table. See Note 10. Derivative Financial Instruments for more information on swap agreements.
| (i) | (ii) | (iii) = (i)-(ii) | (iv) | (v) = (iii)-(iv)
|  |  |  | Gross Amounts Not Offset in the Statements of Condition |
(dollars in thousands) | Gross Amounts Recognized in the Statements of Condition | Gross Amounts Offset in the Statements of Condition | Net Amounts Presented in the Statements of Condition | Netting Adjustments per Master Netting Arrangements | Fair Value of Collateral Pledged/ Received 1 | Net Amount
September 30, 2025 |  |  |  |  |  |
Assets: |  |  |  |  |  |
Interest Rate Swap Agreements: |  |  |  |  |  |
Institutional Counterparties | $ | 86,426 |  | $ | — |  | $ | 86,426 |  | $ | 15,204 |  | $ | 71,222 |  | $ | — |
Liabilities: |  |  |  |  |  |
Interest Rate Swap Agreements: |  |  |  |  |  |
Institutional Counterparties | 15,204 |  | — |  | 15,204 |  | 15,204 |  | — |  | — |
Repurchase Agreements: |  |  |  |  |  |
Private Institutions | 50,000 |  | — |  | 50,000 |  | — |  | 50,000 |  | — |
December 31, 2024 |  |  |  |  |  |
Assets: |  |  |  |  |  |
Interest Rate Swap Agreements: |  |  |  |  |  |
Institutional Counterparties | $ | 141,571 |  | $ | — |  | $ | 141,571 |  | $ | 5,446 |  | $ | 136,125 |  | $ | — |
Liabilities: |  |  |  |  |  |
Interest Rate Swap Agreements: |  |  |  |  |  |
Institutional Counterparties | 5,446 |  | — |  | 5,446 |  | 5,446 |  | — |  | — |
Repurchase Agreements: |  |  |  |  |  |
Private Institutions | 100,000 |  | — |  | 100,000 |  | — |  | 100,000 |  | — |
1The application of collateral cannot reduce the net amount below zero. Therefore, excess collateral is not reflected in this table. For repurchase agreements with private institutions, the fair value of investment securities pledged was $55.2 million and $109.5 million as of September 30, 2025 and December 31, 2024, respectively.

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