Derivatives and hedging activities

Schedule of fair value of derivative financial instruments and balance sheet classification



Fair Values of Derivative Instruments
		Derivative Assets								Derivative Liabilities

		As of December 31, 2024 (1)				As of December 31, 2023 (1)				As of December 31, 2024				As of December 31, 2023
(Dollars in thousands)		Notional Amount	Balance Sheet Location		Fair Value	Balance Sheet Location		Fair Value		Notional Amount	Balance Sheet Location		Fair Value	Balance Sheet Location		Fair Value
Derivatives designated as hedging instruments
Interest Rate Products	$		Other Assets	$		Other Assets	$		$	150,000	Other Liabilities	$	447	Other Liabilities	$	1,270
Total derivatives designated as hedging instruments				$			$					$	447		$	1,270

Derivatives not designated as hedging instruments
Interest Rate Products	$	297,947	Other Assets	$	21,005	Other Assets	$	19,833	$	297,947	Other Liabilities	$	20,619	Other Liabilities	$	19,364
Other Contracts		24,730	Other Assets		1	Other Assets		3		7,196	Other Liabilities			Other Liabilities
Total derivatives not designated as hedging instruments				$	21,006		$	19,836				$	20,619		$	19,364
(1) The notional asset amount of interest rate swaps at December 31, 2024 was $297.9 million and $24.7 million for risk participation agreements. The notional asset amount of interest rate swaps at December 31, 2023 was $230.3 million and $8.4 million for risk participation agreements.
Amounts include accrued interest.

Schedule of effect of derivative financial instruments on Consolidated income and comprehensive income


	Location and Amount of Gain or (Loss)
	Recognized in Income on Fair Value and
	Cash Flow Hedging Relationships
	For the twelve months ended December 31,
	.	2024		2023		2022
(Dollars in thousands)		Interest Income		Interest Income		Interest Income

Total amounts of income and expense line items presented in the statements of income and
comprehensive income (loss) in which the effects of fair value or cash flow hedges are recorded.	$	(267)	$	142	$	212

The effects of fair value and cash flow hedging:
Gain or (loss) on fair value hedging relationships
Interest contracts
Hedged items		(899)		871
Derivatives designated as hedging instruments		632		(681)
Gain or (loss) on cash flow hedging relationships
Interest contracts
Amount of (loss) reclassified from AOCI into income				(48)		212
Amount of gain reclassified from AOCI into income - Included Component						276
Amount of (loss) reclassified from AOCI into income - Excluded Component	$		$	(48)	$	(64)

Schedule of offsetting derivatives

Offsetting of Derivative Assets

as of December 31, 2024

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Assets

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

(Dollars in thousands)

Assets

Balance Sheet

Instruments

Posted

Amount

Derivatives

$

21,005

$

21,005

$

15,900

$

5,105

Offsetting of Derivative Liabilities

as of December 31, 2024

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Liabilities

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

(Dollars in thousands)

Liabilities

Balance Sheet

Instruments

Posted*

Amount

Derivatives

$

21,065

$

21,065

$

21,065

$

*Cash collateral of $780k was paid in December 2024, but not presented as an offset above.

Offsetting of Derivative Assets

as of December 31, 2023

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Assets

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

(Dollars in thousands)

Assets

Balance Sheet

Instruments

Posted

Amount

Derivatives

$

19,833

$

19,833

$

17,590

$

2,243

Offsetting of Derivative Liabilities

as of December 31, 2023

Gross Amounts Not Offset in the Balance Sheet

Gross

Net Amounts

Amounts of

Gross Amounts

of Liabilities

Recognized

Offset in the

presented in the

Financial

Cash Collateral

Net

(Dollars in thousands)

Liabilities

Balance Sheet

Instruments

Posted*

Amount

Derivatives

$

20,633

$

20,633

$

20,633

$

*Cash collateral of $2,450 was paid in December 2023, but not presented as an offset above.