XML 47 R40.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Derivatives (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Interest Rate Swap Transactions | The following table reflects the derivatives recorded on the balance sheet:
|  | March 31, 2024 |  |  | December 31, 2023 |
|  | Notional Amount |  |  | Fair Value |  |  | Notional Amount |  |  | Fair Value |
Included in other assets: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps with loan customers in an asset position |  | $ | 32,877 |  |  | $ | 1,213 |  |  | $ | 44,773 |  |  | $ | 2,114 |
Counterparty positions with financial institutions in an asset position |  |  | 225,104 |  |  |  | 13,469 |  |  |  | 228,873 |  |  |  | 10,367 |
Total included in other assets |  |  |  |  | $ | 14,682 |  |  |  |  |  | $ | 12,481 |
Included in accrued expenses and other liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps with loan customers in a liability position |  | $ | 192,227 |  |  | $ | 14,682 |  |  | $ | 184,100 |  |  | $ | 12,481 |
Counterparty positions with financial institutions in a liability position |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total included in accrued expenses and other liabilities |  |  |  |  | $ | 14,682 |  |  |  |  |  | $ | 12,481 |
Gross notional positions with customers |  | $ | 225,104 |  |  |  |  |  | $ | 228,873 |  |  |  |
Gross notional positions with financial institution counterparties |  | $ | 225,104 |  |  |  |  |  | $ | 228,873 |  |  |  |
Summary of Gain or loss On Derivatives | The effect of swap fair value changes on the Consolidated Statement of Operations are as follows:
|  | Location of |  | Amount of Gain or (Loss) |
Derivatives |  | Gain or (Loss) |  | Recognized in |
Not Designated |  | Recognized in |  | Income on Derivatives |
as Hedging Instruments |  | Income on Derivative |  | March 31, 2024 |  |  | March 31, 2023 |
Interest rate swaps related to customer loans |  | Other income |  | $ | — |  |  | $ | — |
Total |  |  |  | $ | — |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -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://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration