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Derivatives Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2025
Derivative [Line Items] |
Schedule of Hedge Relationships on Income Statement | The following table presents the effect of fair value and cash flow hedge accounting on the income statement (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
​ |  | 2025 | ​ | 2024
Total interest income |  | $ | 66,363 | ​ | $ | 59,987
Effects of cash flow hedge relationships | ​ |  | 13 | ​ |  | (204)
Reported total interest income | ​ | $ | 66,376 | ​ | $ | 59,783
​ | ​ | ​ | ​ | ​ | ​ | ​
Total interest expense |  | $ | 27,974 | ​ | $ | 28,304
Effects of cash flow hedge relationships | ​ |  | 164 | ​ |  | (242)
Reported total interest expense | ​ | $ | 28,138 | ​ | $ | 28,062
Schedule of interest rate swaps related to loan hedging program | At March 31, 2025 and December 31, 2024, interest rate swaps related to the Company’s loan hedging program that were outstanding are presented in the following table (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2025 | ​ | December 31, 2024
​ | ​ | ​ | Notional | ​ | ​ | Estimated | ​ | ​ | Notional | ​ | ​ | Estimated
​ | ​ | ​ | Amount | ​ | ​ | Fair Value | ​ | ​ | Amount | ​ | ​ | Fair Value
Interest rate swap agreements: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | $ | 422,429 | ​ | $ | 12,081 | ​ | $ | 393,268 | ​ | $ | 12,135
Liabilities | ​ | ​ | 422,429 | ​ | ​ | (12,081) | ​ | ​ | 393,268 | ​ | ​ | (12,135)
Schedule of interest rate swap to facilitate customer's transactions | The Company establishes limits and monitors exposures for customer swap positions. Any fees received to enter the swap agreements at inception are recognized in earnings when received and is included in noninterest income. Such fees were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
​ |  | 2025 | ​ | 2024
Interest rate swap agreements |  | $ | 457 | ​ | $ | 113
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] |
Derivative [Line Items] |
Schedule of Hedge Relationships on Income Statement | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Weighted |  | ​ |  | ​ |  | ​ | ​ |  | ​ |
​ | ​ | ​ | ​ | Average | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
​ | ​ | Balance | ​ | Remaining | ​ | Weighted | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
​ | ​ | Sheet | ​ | Maturity | ​ | Average | ​ | Receive | ​ | Notional | ​ | Estimated
Asset/Liability derivatives | ​ | Location | ​ | (In Years) | ​ | Pay Rate | ​ | Rate | ​ | Amount | ​ | Fair Value
March 31, 2025: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap agreements - securities | ​ | Other liabilities |  | 1.45 |  | 4.31 | % | SOFR | ​ | $ | 51,507 |  | $ | (380)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​
December 31, 2024: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap agreements - securities |  | Other liabilities |  | 1.70 |  | 4.31 | % | SOFR | ​ | $ | 51,507 |  | $ | (224)
​ ​ The effects of the Company’s fair value hedge relationships reported in interest income on taxable securities on the consolidated income statement were as follows (in thousands): ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
​ |  | 2025 | ​ | 2024
Interest income on taxable securities |  | $ | 4,774 | ​ | $ | 4,442
Effects of fair value hedge relationships | ​ |  | 1 | ​ |  | 106
Reported interest income on taxable securities | ​ | $ | 4,775 | ​ | $ | 4,548
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
Gain (loss) on fair value hedging relationship |  | 2025 | ​ | 2024
Interest rate swap agreements - securities: |  |  |  | ​ | ​ |
Hedged items |  | $ | (380) | ​ | $ | (9)
Derivative designated as hedging instruments | ​ | ​ | 380 | ​ | ​ | 9
Carry amount of hedged assets - mortgage-backed securities | ​ | ​ | 48,115 | ​ | ​ | 48,507
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] |
Derivative [Line Items] |
Schedule of Fair Value Hedge Relationships in Balance Sheet | At March 31, 2025 and December 31, 2024, cash flow hedges are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2025 | ​ | December 31, 2024
​ | ​ | Balance Sheet | ​ | Notional | ​ | Estimated | ​ | Balance Sheet | ​ | Notional | ​ | Estimated
​ | ​ | Location | ​ | Amount | ​ | Fair Value | ​ | Location | ​ | Amount | ​ | Fair Value
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | Other liabilities | ​ | $ | 100,000 | ​ | $ | (171) | ​ | Other liabilities | ​ | $ | 100,000 | ​ | $ | (559)
Liabilities | ​ | Other liabilities | ​ | ​ | 150,000 | ​ | ​ | (79) | ​ | Other liabilities | ​ | ​ | 150,000 | ​ | ​ | (280)
Schedule of Hedge Relationships on AOCI | The following table presents the effect of fair value and cash flow hedge accounting on AOCI (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives in cash flow hedging relationships: | ​ | ​ | Amount of Gain (Loss) Recognized on OCI on Derivative | ​ | Location of Gain or (Loss) Recognized from AOCI into Income | ​ | ​ | Amount of Gain or (Loss) Reclassified from AOCI into Income
Three Months Ended March 31, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps - Assets | ​ | $ | 387 | ​ | Interest income | ​ | $ | 13
Interest rate swaps - Liabilities | ​ | ​ | 201 | ​ | Interest expense | ​ | ​ | (164)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended March 31, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps - Assets | ​ | $ | (1,221) | ​ | Interest income | ​ | $ | (204)
Interest rate swaps - Liabilities | ​ | ​ | 189 | ​ | Interest expense | ​ | ​ | (242)

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