XML 48 R41.htm IDEA: XBRL DOCUMENT v3.25.3

Derivatives (Tables)

9 Months Ended

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

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 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

Name:	us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
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://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

Name:	us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration