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Derivatives (Tables) | 9 Months Ended
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Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Interest Rate Swap | A summary of the interest rate swap designated as a cash flow hedge is presented below (dollars in thousands):
|  |  | September 30, 2025 |
Notational amount Cash Flow Hedge |  |  | $ | 100,000 |
Weighted average fixed pay rates |  |  |  | 4.22 | %
Weighted average variable SOFR receive rates |  |  |  | 4.13 | %
Weighted average remaining maturity (in years) |  |  |  | 1.5 |
Fair Value |  |  | $ | 52 |
Summary of Interest Rate Swap Transactions | The Company presents non-designated 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 $2,590 and $6,330 as of September 30, 2025 and December 31, 2024, respectively. The following table reflects the derivative instruments not designated as hedging instruments recorded on the balance sheet as of September 30, 2025 and December 31, 2024:
|  | September 30, 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 |  | $ | 108,393 |  |  | $ | 2,937 |  |  | $ | 68,621 |  |  | $ | 1,169 |
Counterparty positions with financial institutions in an asset position |  |  | 242,672 |  |  |  | 3,285 |  |  |  | 247,727 |  |  |  | 10,469 |
Total before netting adjustments |  |  |  |  |  | 6,222 |  |  |  |  |  |  | 11,638 |
Netting adjustments - cash collateral posted by counterparties* |  |  |  |  |  | (2,590 | ) |  |  |  |  |  | (6,330 | )
Total Swap assets |  |  |  |  | $ | 3,632 |  |  |  |  |  | $ | 5,308 |
Included in swap liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps with loan customers in a liability position |  | $ | 134,278 |  |  | $ | 6,222 |  |  | $ | 179,106 |  |  | $ | 11,638 |
Counterparty positions with financial institutions in a liability position |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total before netting adjustments |  |  |  |  |  | 6,222 |  |  |  |  |  |  | 11,638 |
Netting adjustments - cash collateral posted to counterparties** |  |  |  |  |  | — |  |  |  |  |  |  | — |
Total Swap liabilities |  |  |  |  | $ | 6,222 |  |  |  |  |  | $ | 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 |  | $ | 242,672 |  |  |  |  |  | $ | 247,727 |  |  |  |
Gross notional positions with financial institution counterparties |  | $ | 242,672 |  |  |  |  |  | $ | 247,727 |  |  |  |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References No definition available. + 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://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 + Details
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