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Derivatives (Tables) | 3 Months Ended
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Mar. 31, 2025
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 amounts of $6,070 and $6,330 as of March 31, 2025 and December 31, 2024, respectively. The following table reflects the derivatives recorded on the balance sheet as of March 31, 2025 and December 31, 2024:
|  | March 31, 2025 |  |  | December 31, 2024 |
|  | Notional Amount |  |  | Fair Value |  |  | Notional Amount |  |  | Fair Value |
Included in swap assets: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps with loan customers in an asset position |  | $ | 83,271 |  |  | $ | 2,125 |  |  | $ | 68,621 |  |  | $ | 1,169 |
Counterparty positions with financial institutions in an asset position |  |  | 250,598 |  |  |  | 6,790 |  |  |  | 247,727 |  |  |  | 10,469 |
Total before netting adjustments |  |  |  |  |  | 8,915 |  |  |  |  |  |  | 11,638 |
Netting adjustments - cash collateral posted by counterparties* |  |  |  |  |  | (6,070 | ) |  |  |  |  |  | (6,330 | )
Total Swap assets |  |  |  |  | $ | 2,845 |  |  |  |  |  | $ | 5,308 |
Included in swap liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps with loan customers in a liability position |  | $ | 167,327 |  |  | $ | 8,915 |  |  | $ | 179,106 |  |  | $ | 11,638 |
Counterparty positions with financial institutions in a liability position |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total before netting adjustments |  |  |  |  |  | 8,915 |  |  |  |  |  |  | 11,638 |
Netting adjustments - cash collateral posted to counterparties** |  |  |  |  |  | — |  |  |  |  |  |  | — |
Total Swap liabilities |  |  |  |  | $ | 8,915 |  |  |  |  |  | $ | 11,638 |
*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 |  | $ | 250,598 |  |  |  |  |  | $ | 247,727 |  |  |  |
Gross notional positions with financial institution counterparties |  | $ | 250,598 |  |  |  |  |  | $ | 247,727 |  |  |  |

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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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