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Derivatives Hedging Instruments (Tables) | 12 Months Ended
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Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Interest Rate Swap Transactions | The Company presents derivative positions gross on the balance sheet for customers and net for financial institution counterparty positions subject to master netting arrangements. The fair value on the asset side was reduced by the margin call adjustment per the Company's netting arrangement in the amount of $6,330 as of December 31, 2024. The following table reflects the derivatives recorded on the balance sheet as of December 31:
|  | 2024 |  |  | 2023 |
|  | Notional Amount |  |  | Fair Value |  |  | Notional Amount |  |  | Fair Value |
Swap assets |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps with loan customers in an asset position |  | $ | 68,621 |  |  | $ | 1,169 |  |  | $ | 44,773 |  |  | $ | 2,114 |
Counterparty positions with financial institutions in an asset position |  |  | 247,727 |  |  |  | 10,469 |  |  |  | 228,873 |  |  |  | 10,367 |
Total before netting adjustments |  |  |  |  |  | 11,638 |  |  |  |  |  |  | 12,481 |
Netting adjustments - cash collateral posted by counterparties* |  |  |  |  |  | (6,330 | ) |  |  |  |  |  | — |
Total Swap assets |  |  |  |  | $ | 5,308 |  |  |  |  |  | $ | 12,481 |
Swap liabilities |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps with loan customers in a liability position |  | $ | 179,106 |  |  | $ | 11,638 |  |  | $ | 184,100 |  |  | $ | 12,481 |
Counterparty positions with financial institutions in a liability position |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total before netting adjustments |  |  |  |  |  | 11,638 |  |  |  |  |  |  | 12,481 |
Netting adjustments - cash collateral posted to counterparties** |  |  |  |  |  | — |  |  |  |  |  |  | — |
Total Swap liabilities |  |  |  |  | $ | 11,638 |  |  |  |  |  | $ | 12,481 |
*Cash collateral posted by counterparties represents the obligation to return cash collateral received from counterparties. |
**Cash collateral posted to counterparties represents the right to reclaim cash collateral that was paid to counterparties. |
Gross notional positions with customers |  | $ | 247,727 |  |  |  |  |  | $ | 228,873 |  |  |  |
Gross notional positions with financial institution counterparties |  | $ | 247,727 |  |  |  |  |  | $ | 228,873 |  |  |  |
Summary of Gain or loss On Derivatives | The effect of swap fair value changes on the Consolidated Statement of Operations for the years ended December 31, 2024, 2023 and 2022 are as follows:
|  |  |  | Amount of Gain or (Loss) Recognized in Income on Derivatives |
Derivative Not Designated as Hedging Instruments |  | Location of Gain or (Loss) Recognized in Income on Derivative |  | 2024 |  |  | 2023 |  |  | 2022 |
Interest rate swaps related to customer loans |  | Other income |  | $ | — |  |  | $ | — |  |  | $ | — |
Total |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |

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- 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
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- 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
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