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Derivatives and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Notional Amounts and Fair Value of Derivative Liabilities

The tables below present the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Statement of Financial Condition as of March 31, 2026 and December 31, 2025.

						March 31, 2026
						Derivative Assets(1)												Derivative Liabilities(1)
(dollars in thousands)						Notional Amount						Fair Value						Notional Amount						Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps - variable rate liabilities						$	80,000					$	911					$	—					$	—
Derivatives not designated as hedging instruments:
Interest rate contracts						$	9,000					$	190					$	9,000					$	211
Risk participation agreements						—						—						11,228						—
Netting adjustments												—												—
Net derivative amounts												$	1,101											$	211

						December 31, 2025
						Derivative Assets(1)												Derivative Liabilities(1)
(dollars in thousands)						Notional Amount						Fair Value						Notional Amount						Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps - variable rate liabilities						$	60,000					$	1,056					$	20,000					$	19
Derivatives not designated as hedging instruments:
Interest rate contracts						9,000						255						9,000						275
Risk participation agreements						—						—						11,293						—
Netting adjustments												—												—
Net derivative amounts												$	1,311											$	294

(1)Derivative assets and liabilities are reported at fair value in accrued interest receivable and other assets and accrued interest payable and other liabilities, respectively, in the Consolidated Statements of Financial Condition.

Summary of Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income

The tables below present the effect of cash flow hedge accounting on Accumulated Other Comprehensive Income and the Consolidated Statements of Income as of March 31, 2026 and March 31, 2025.

						Three Months Ended March 31, 2026
						Amount of Gain Recognized in OCI												Location of Gain Reclassified from AOCI into Income						Amount of Gain Reclassified from AOCI into Income
(dollars in thousands)						Total						Included Component												Total						Included Component
Derivatives in cash flows hedging relationships:
Interest rate swaps - variable rate liabilities						$	245					$	245					Interest income						$	359					$	359

						Three Months Ended March 31, 2025
						Amount of Loss Recognized in OCI												Location of Gain Reclassified from AOCI into Income						Amount of Gain Reclassified from AOCI into Income
(dollars in thousands)						Total						Included Component												Total						Included Component
Derivatives in cash flows hedging relationships:
Interest rate swaps - variable rate liabilities						$	(307)					$	(307)					Interest income						$	507					$	507

Summary of Effect of Company's Derivative Instruments on the Consolidated Statements of Income

The table below presents the effect of the Company’s derivative financial instruments that are not designated as hedging instruments on the Consolidated Statements of Income as of March 31, 2026 and March 31, 2025.

(dollars in thousands)

Location of Loss Recognized on Non-designated Hedges

Three Months Ended March 31, 2026

Effects of non-designated hedges

Interest rate contracts

Other noninterest expense

$

(1)

Risk participation agreements

Other noninterest expense

$

—

(dollars in thousands)

Location of Income Recognized on Non-designated Hedges

Three Months Ended March 31, 2025

Effects of non-designated hedges

Interest rate contracts

Other noninterest expense

$

(11)

Risk participation agreements

Other noninterest expense

$

—

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- References

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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B

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Tabular disclosure of derivative liabilities at fair value.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B

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