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Derivatives and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
The table below presents the fair value of Company’s derivative financial instruments as of the dates indicated.
As of December 31, 2025As of December 31, 2024
Fair ValueFair Value
($ in thousands)Notional AmountDerivative AssetsDerivative LiabilitiesNotional AmountDerivative AssetsDerivative Liabilities
Derivatives not designated as hedging instruments:
Customer interest rate contracts$185,422 $3,418 $— $36,526 $301 $— 
Offsetting counterparty interest rate contracts$185,422 — 3,445 $36,526 — 302 
Total derivatives not designated as hedging instruments $3,418 $3,445 $301 $302 
The table below presents the gains and losses recognized in income related to derivative financial instruments that are not designated as hedging instruments. Gains and losses on interest rate swap not designated as hedges are included in "Other income, net" on the consolidated statements of income for the date indicated.
(Losses) Gains
($ in thousands)Year Ended December 31, 2025Year Ended December 31, 2024
Customer interest rate swaps and counterparty offsets$(27)$53 
Total$(27)$53 
Schedule of Offsetting Assets
The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of December 31, 2025 and December 31, 2024. The Company’s interest rate swaps are subject to master netting arrangements between the Company and its counterparties, however, the Company has not made a policy election to offset its derivative positions. The interest rate swaps with borrowers are cross collateralized with the underlying loan and, therefore, there is no posted collateral. Interest rate swap agreements with third-party counterparties contain provisions that require the Company to post collateral if the derivative exposure exceeds a threshold amount and receive collateral for agreements in a net asset position.
Gross Amounts of Recognized AssetsGross Amounts Offset in the Consolidated Balance SheetNet Amounts of Assets presented in the Consolidated Balance SheetsGross Amounts Not Offset in the Consolidated Balance Sheets
($ in thousands)Financial InstrumentsCash Collateral ReceivedNet Amount
Interest rate swaps
As of December 31, 2025$3,418 $— $3,418 $— $— $3,418 
As of December 31, 2024$301 $— $301 $— $— $301 
Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Consolidated Balance SheetsNet Amounts of Liabilities presented in the Consolidated Balance SheetsGross Amounts Not Offset in the Consolidated Balance Sheets
($ in thousands)Financial InstrumentsCash Collateral PostedNet Amount
Interest rate swaps
As of December 31, 2025$3,445 $— $3,445 $— $3,512 $(67)
As of December 31, 2024$302 $— $302 $— $150 $152 
Schedule of Offsetting Liabilities
The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of December 31, 2025 and December 31, 2024. The Company’s interest rate swaps are subject to master netting arrangements between the Company and its counterparties, however, the Company has not made a policy election to offset its derivative positions. The interest rate swaps with borrowers are cross collateralized with the underlying loan and, therefore, there is no posted collateral. Interest rate swap agreements with third-party counterparties contain provisions that require the Company to post collateral if the derivative exposure exceeds a threshold amount and receive collateral for agreements in a net asset position.
Gross Amounts of Recognized AssetsGross Amounts Offset in the Consolidated Balance SheetNet Amounts of Assets presented in the Consolidated Balance SheetsGross Amounts Not Offset in the Consolidated Balance Sheets
($ in thousands)Financial InstrumentsCash Collateral ReceivedNet Amount
Interest rate swaps
As of December 31, 2025$3,418 $— $3,418 $— $— $3,418 
As of December 31, 2024$301 $— $301 $— $— $301 
Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Consolidated Balance SheetsNet Amounts of Liabilities presented in the Consolidated Balance SheetsGross Amounts Not Offset in the Consolidated Balance Sheets
($ in thousands)Financial InstrumentsCash Collateral PostedNet Amount
Interest rate swaps
As of December 31, 2025$3,445 $— $3,445 $— $3,512 $(67)
As of December 31, 2024$302 $— $302 $— $150 $152