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Derivative Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2025
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:
(Dollars in thousands) | March 31, 2025 | December 31, 2024
Notional amount | $ | 65,000 |  | $ | 75,000 |
Weighted average pay rates | 2.58 | % | 2.45 | %
Weighted average receive rates | 4.19 | % | 4.49 | %
Weighted average maturity | 1.5 years | 1.5 years
Pre-tax changes in fair value included in AOCI | $ | 1,293 |  | $ | 1,885 |
Summary of Gains or Losses Recorded in AOCI | The following table presents changes in fair value recorded in AOCI and in the Consolidated Statements of Operations related to the cash flow hedges:
| Three Months Ended |  |
| March 31, |  |
(Dollars in thousands) | 2025 | 2024 |  |  |
Amount of losses (gains) recorded in AOCI, pre-tax | $ | 661 |  | $ | (256) |  |  |  |
Summary of Cash Flow Hedges | The following table reflects the cash flow hedges, which are included in the Unaudited Consolidated Balance Sheets at fair value:
| March 31, 2025 |  | December 31, 2024
(Dollars in thousands) | Notional Amount | Fair Value |  | Notional Amount | Fair Value
Included in "Other assets": |  |  |  |  |
Interest rate swaps related to debt | $ | 65,000 |  | $ | 1,207 |  |  | $ | 75,000 |  | $ | 1,784 |
Summary of Derivatives Not Designated as Hedging | The following table reflects the non-designated hedges, which are included in the Unaudited Consolidated Balance Sheets at fair value:
| March 31, 2025 |  | December 31, 2024
(Dollars in thousands) | Notional Amount | Fair Value |  | Notional Amount | Fair Value
Included in "Other assets": |  |  |  |  |
Interest rate swaps related to commercial loans | $ | 491,594 |  | $ | 12,885 |  |  | $ | 453,367 |  | $ | 16,959 |
Included in "Accrued expenses and other liabilities": |  |  |  |  |
Interest rate swaps related to commercial loans | $ | 491,594 |  | $ | 12,965 |  |  | $ | 453,367 |  | $ | 17,046 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
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