March 31, 2024

December 31, 2023

Notional

(in thousands)

Bank Position

Amount

Fair Value

Amount

Fair Value

Interest rate swaps with Bank clients - Assets

Pay variable/receive fixed

$

131,515

$

1,602

$

120,442

$

4,066

Interest rate swaps with Bank clients - Liabilities

Pay variable/receive fixed

100,463

(6,311)

95,820

(4,867)

Interest rate swaps with Bank clients - Total

Pay variable/receive fixed

$

231,978

$

(4,709)

$

216,262

$

(801)

Offsetting interest rate swaps with institutional swap dealer - Assets

Pay fixed/receive variable

100,463

6,311

95,820

4,867

Offsetting interest rate swaps with institutional swap dealer - Liabilities

Pay fixed/receive variable

131,515

(1,602)

120,442

(4,066)

Offsetting interest rate swaps with institutional swap dealer - Total

Pay fixed/receive variable

$

231,978

$

4,709

$

216,262

$

801

Total

$

463,956

$

—

$

432,524

$

—