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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of carrying value of hedged asset and liability and cumulative fair value hedging adjustment

Schedule of carrying value of hedged asset and liability and cumulative fair value hedging adjustment
													December 31,
		2024								2023
(dollars in thousands)			Carrying Amount				Hedged Asset				Carrying Amount				Hedged Liability
Fixed Rate Asset/Liability1		$	303,698				3,698				199,518				482

¹ These amounts included the amortized cost basis of closed portfolios of fixed rate loans used to designate hedging relationships in which the hedged item is the stated amount of the assets in the closed portfolio anticipated to be outstanding for the designated hedged period. As of December 31, 2024, the amortized cost basis of the closed portfolio used in this hedging relationship was $665.7 million, the cumulative basis adjustment associated with this hedging relationship was $3.7 million, and the amount of the designated hedged item was $300.0 million.

Schedule of outstanding financial derivative instruments

Schedule of outstanding financial derivative instruments
		December 31, 2024
								Fair Value
(dollars in thousands)		Notional				Balance Sheet Location		Asset/(Liability)
Derivatives designated as hedging instruments:
Fair value swap Fair value swap [Member]		$	300,000			Other assets		$	3,698
Derivatives not designated as hedging instruments:
Mortgage loan interest rate lock commitments Mortgage loan interest rate lock commitments [Member]			15,841			Other assets			188
MBS forward sales commitments MBS forward sales commitments [Member]			10,500			Other assets			40
Total derivative financial instruments Total derivative financial instruments [Member]		$	326,341					$	3,926

		December 31, 2023
								Fair Value
(dollars in thousands)		Notional				Balance Sheet Location		Asset/(Liability)
Derivatives designated as hedging instruments:
Fair value swap		$	200,000			Other liabilities		$	(482	)
Derivatives not designated as hedging instruments:
Mortgage loan interest rate lock commitments			12,973			Other assets			159
MBS forward sales commitments			10,000			Other liabilities			(68	)
Total derivative financial instruments		$	222,973					$	(391	)

Schedule of summarize the effect of fair value hedging relationship recognized in the consolidated statement of income

Schedule of summarize the effect of fair value hedging relationship recognized in the consolidated statement of income
		For the years ended December 31,
(dollars in thousands)		2024				2023
Gain (loss) on fair value hedging relationship:
Hedged asset/(liability)		$	3,698				(482	)
Fair value derivative designated as hedging instrument			(3,668	)			511
Total gain recognized in interest income on loans		$	30				29

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- Definition

Tabular disclosure of hedged asset fair value hedge last of layer cumulative.

+ References

No definition available.

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X

- Definition

Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

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- Definition

Tabular disclosure of the notional amounts of outstanding derivative positions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

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