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Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Amounts and Locations of Activity Related to Interest Rate Swaps

The following tables provide information about the amounts and locations of activity related to the interest rate swaps designated as cash flow hedges within the Corporation’s consolidated balance sheet and statement of income as of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023, and 2022:

Liability Derivative

Balance Sheet

Fair value

Location

December 31, 2024

December 31, 2023

Interest rate contract

Accrued interest receivable (payable) and other assets (liabilities)

$—

$—

For the Year Ended December 31, 2024

(a)

(b)

(c)

(d)

(e)

Interest rate contract

$—

Interest expense – subordinated debentures

$—

Other income

$—

For the Year Ended December 31, 2023

Interest rate contract

(119)

Interest expense – subordinated debentures

151

Other income

—

For the Year Ended December 31, 2022

Interest rate contract

425

Interest expense – subordinated debentures

(127)

Other income

—

(a)Amount of Gain or (Loss) Recognized in Other Comprehensive Loss on Derivative (Effective Portion), net of tax

(b)Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)

(c)Amount of Loss Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)

(d)Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)

(e)Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)

Schedule of Amounts and Locations of Activity Related to Back-to-Back Interest Rate Swaps

The following table provides information about the amounts and locations of activity related to the back-to-back interest rate swaps within the Corporation’s consolidated balance sheet as of December 31, 2024 and 2023:

									Fair Value
			Notional Amount						Asset									Liability
December 31, 2024			$	65,629					$	423					(a)			$	423					(b)
December 31, 2023			$	21,302					$	1,013					(a)			$	1,013					(b)

(a)Reported in accrued interest receivable and other assets within the consolidated balance sheets

(b)Reported in accrued interest payable and other liabilities within the consolidated balance sheets

X

- References

No definition available.

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- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

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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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