XML 113 R26.htm IDEA: XBRL DOCUMENT
v3.25.3

Derivative Financial Instruments and Hedging Activities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Information on Derivatives | Information on our derivatives follows:
| Asset derivatives |  | Liability derivatives
(in thousands) | September 30, 2025 | December 31, 2024 |  | September 30, 2025 | December 31, 2024
Loans receivable: |  |  |  |  |
Interest rate contracts - notional amount | $ | 5,213 |  | $ | 7,654 |  |  | $ | 1,709 |  | $ | — |
Interest rate contracts - fair value 1 | $ | 156 |  | $ | 333 |  |  | $ | 12 |  | $ | — |
1 Refer to Note 3, Fair Value of Assets and Liabilities, for valuation methodology. The following table presents the carrying amount and associated cumulative basis adjustment related to the application of fair value hedge accounting that is included in the carrying amount of hedged assets as of September 30, 2025 and December 31, 2024.
| Carrying Amounts of Hedged Assets |  | Cumulative Amounts of Fair Value Hedging Adjustments Included in the Carrying Amounts of the Hedged Assets
(in thousands) | September 30, 2025 | December 31, 2024 |  | September 30, 2025 | December 31, 2024
Loans receivable 1 | $ | 6,690 |  | $ | 7,215 |  |  | $ | (196) |  | $ | (398) |
1 Carrying value equals the amortized cost basis of the loans underlying the hedge relationship, which is the loan balance net of deferred loan origination fees and cost and the fair value hedge adjustment. Amortized cost excludes accrued interest, which was not material.
Schedule of Interest Income | The following table presents the pretax net gains recognized in interest income related to our fair value hedges for the years presented.
| Three months ended | Nine months ended
(in thousands) | September 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024
Interest on investment securities 1 |  |  |  |
Increase in fair value of interest rate swaps hedging available-for-sale securities | $ | — |  | $ | (1,584) |  | $ | — |  | $ | (85) |
Hedged interest earned | — |  | 203 |  | — |  | 615 |
Decrease in carrying value included in the hedged available-for-sale securities | — |  | 1,584 |  | — |  | 85 |
Net gain recognized in interest income on investment securities | $ | — |  | $ | 203 |  | $ | — |  | $ | 615 |
Interest and fees on loans 1 |  |  |  |
Decrease (increase) in fair value of interest rate swaps hedging loans receivable | $ | (23) |  | $ | (253) |  | $ | (189) |  | $ | (126) |
Hedged interest earned | 29 |  | 53 |  | 89 |  | 161 |
Increase (decrease) in carrying value included in the hedged loans | 27 |  | 257 |  | 202 |  | 140 |
Decrease in value of yield maintenance agreement | (2) |  | (2) |  | (6) |  | (6) |
Net gain recognized in interest income on loans | $ | 31 |  | $ | 55 |  | $ | 96 |  | $ | 169 |
1 Represents the income line item in the statement of comprehensive income in which the effects of fair value hedges are recorded.
Schedule of Offsetting Assets and Liabilities | Information on financial instruments that are eligible for offset in the consolidated statements of condition follows:
Offsetting of Financial Assets and Derivative Assets
|  | Gross Amounts | Net Amounts of | Gross Amounts Not Offset in |
| Gross Amounts | Offset in the | Assets Presented | the Statements of Condition |
| of Recognized | Statements of | in the Statements | Financial | Cash Collateral |
(in thousands) | Assets 1 | Condition | of Condition 1 | Instruments | Received | Net Amount
September 30, 2025 |  |  |  |  |  |
Derivatives by Counterparty: |  |  |  |  |  |
Counterparty | $ | 156 |  | $ | — |  | $ | 156 |  | $ | — |  | $ | — |  | $ | 156 |
Total | $ | 156 |  | $ | — |  | $ | 156 |  | $ | — |  | $ | — |  | $ | 156 |
December 31, 2024 |  |  |  |  |  |
Derivatives by Counterparty: |  |  |  |  |  |
Counterparty | $ | 333 |  | $ | — |  | $ | 333 |  | $ | — |  | $ | — |  | $ | 333 |
Total | $ | 333 |  | $ | — |  | $ | 333 |  | $ | — |  | $ | — |  | $ | 333 |
Offsetting of Financial Liabilities and Derivative Liabilities
|  | Gross Amounts | Net Amounts of | Gross Amounts Not Offset in |
| Gross Amounts | Offset in the | Liabilities Presented | the Statements of Condition |
| of Recognized | Statements of | in the Statements | Financial | Cash Collateral |
(in thousands) | Liabilities 1 | Condition | of Condition 1 | Instruments | Pledged | Net Amount
September 30, 2025 |  |  |  |  |  |
Counterparty | 12 |  | — |  | 12 |  | (12) |  |  | — |
Total | $ | 12 |  | $ | — |  | $ | 12 |  | $ | (12) |  | $ | — |  | $ | — |
December 31, 2024 |  |  |  |  |  |
Counterparty | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
1 Amounts exclude accrued interest on swaps.

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 derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-7A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483444/210-20-55-10 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483444/210-20-55-22 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483444/210-20-55-21 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483444/210-20-55-20 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483466/210-20-50-3 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483466/210-20-50-4 + Details
Name: | us-gaap_OffsettingLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
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 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: 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 + 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 the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: 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 4: http://www.xbrl.org/2003/role/disclosureRef -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_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration