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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Values of Company's Derivative Instrument Assets and Liabilities Related to Interest Rate Swap Contracts
The interest rate swap agreement designated as a cash flow hedge was as follows:
September 30, 2025December 31, 2024
(dollars in thousands)Notional
Amount
Fair
Value
Notional
Amount
Fair
Value
Fair value recorded in other assets$— $— $7,000 $38 
Schedule of the Effect of Interest Rate Contracts Designated as Cash Flow Hedges on the Consolidated Statements of Income The effect of interest rate swap agreements designated as cash flow hedges on the consolidated statements of income was as follows:
Location of gross gain (loss) reclassified
from accumulated other
comprehensive income (loss) to income
Amounts of gross gain (loss)
reclassified from accumulated
other comprehensive income (loss)
Amounts of gross gain (loss)
reclassified from accumulated
other comprehensive income (loss)
Three Months Ended
September 30,
Nine Months Ended
September 30,
(dollars in thousands)2025202420252024
Designated as cash flow hedges:
Junior subordinated debentures interest expense$$55 $38$305 
Summary of Interest Rate Swap Agreements Not Designated as Hedging Instruments
The interest rate swap agreements not designated as hedging instruments were as follows:
September 30, 2025December 31, 2024
(dollars in thousands)Notional
Amount
Fair
Value
Notional
Amount
Fair
Value
Fair value recorded in other assets:
Interest rate swaps with a commercial borrower counterparty$6,382 $103 $— $— 
Interest rate swaps with a financial institution counterparty74,224 3,073 79,416 5,515 
Total fair value recorded in other assets$80,606 $3,176 $79,416 $5,515 
Fair value recorded in other liabilities:
Interest rate swaps with a commercial borrower counterparty$74,224 $(3,073)$79,416 $(5,515)
Interest rate swaps with a financial institution counterparty6,382 (103)— — 
Total fair value recorded in other liabilities$80,606 $(3,176)$79,416 $(5,515)
Summary of the Effect of Interest Rate Contracts Not Designated as Hedging Instruments Recognized in Other Noninterest Income
The effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income on the consolidated statements of income was as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(dollars in thousands)2025202420252024
Not designated as hedging instruments:
Gross gains$867 $5,554 $3,852 $8,375 
Gross losses(867)(5,554)(3,852)(8,375)
Net gains (losses)$— $— $— $— 
Schedule of Derivative Instruments The risk participation agreement matures in 2035 and is summarized as follows:
(dollars in thousands)September 30, 2025December 31, 2024
Risk participation agreements sold
Number of risk participation agreements
Notional amount$5,268 $5,268 
Fair value(10)(10)