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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Interest Rate Swaps Designated as Cash Flow Hedges

The following table summarizes information about the interest rate swaps designated as cash flow hedges at December 31:

(Dollars in thousands)			2024			2023
Notional amount			$	75,000		$	105,000
Weighted average pay rates			2.45		%	2.22		%
Weighted average receive rates			4.49		%	4.63		%
Weighted average maturity			1.5 years			2.0 years
Pre-tax changes in fair value included in AOCL			$	1,885		$	3,434

Summary of Gains or Losses Recorded in AOCI

The following table presents changes in fair value recorded in AOCL and in the Consolidated Statements of Income related to the cash flow hedges for the years ended December 31:

(Dollars in thousands)			2024			2023
Amount of income recognized in AOCL, pre-tax			$	(1,550)		$	(2,293)

Summary of Cash Flow Hedges

The following table reflects the cash flow hedges, which were included in the Consolidated Balance Sheets at fair value, at December 31:

			2024						2023
(Dollars in thousands)			Notional Amount			Fair Value			Notional Amount			Fair Value
Included in “Other assets”:
Interest rate swaps related to debt			$	75,000		$	1,784		$	105,000		$	3,314
Total included in “Other assets”			$	75,000		$	1,784		$	105,000		$	3,314

Summary of Derivatives Not Designated as Hedging

The following table reflects the non-designated hedges, which were included in the Consolidated Balance Sheets at fair value, at December 31:

			2024						2023
(Dollars in thousands)			Notional Amount			Fair Value			Notional Amount			Fair Value
Included in “Other assets”:
Interest rate swaps related to commercial loans			$	453,367		$	16,959		$	416,106		$	18,990
Total included in “Other assets”			453,367			16,959			416,106			18,990
Included in “Accrued expenses and other liabilities”:
Interest rate swaps related to commercial loans			$	453,367		17,046			$	416,106		$	19,122
Total included in “Accrued expenses and other liabilities”			453,367			17,046			416,106			19,122

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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

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-Topic 815
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-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Subparagraph (c)
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Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

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Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
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-Section 50
-Paragraph 4C
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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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