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Derivatives (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Carrying Value and Fair Value Hedging Adjustment of Portfolio Layer Method Hedged Asset

The following table, which includes active fair value hedged items and discontinued fair value hedged items on which a basis adjustment still remains, represents the carrying value of the portfolio layer method hedged assets and the cumulative fair value hedging adjustments included in the carrying value of the hedged assets as of September 30, 2025 and December 31, 2024:

						September 30, 2025
(Dollars in thousands)			Balance Sheet Location			Amortized Cost Basis of Closed Portfolio			Carrying Amount of Hedged Asset			Basis Adjustment - Active Hedges			Basis Adjustment - Discontinued Hedges
Fixed rate mortgages			Loans receivable			$	416,399		$	336,938		$	1,089		$	1,468
Fixed rate bonds			Investment securities available-for-sale			20,139			20,000			—			139
Total hedged assets						$	436,538		$	356,938		$	1,089		$	1,607

						December 31, 2024
(Dollars in thousands)			Balance Sheet Location			Amortized Cost Basis of Closed Portfolio			Carrying Amount of Hedged Asset			Basis Adjustment - Active Hedges			Basis Adjustment - Discontinued Hedges
Fixed rate mortgages			Loans receivable			$	443,830		$	375,993		$	(505)		$	1,593
Fixed rate bonds			Investment securities available-for-sale			58,318			50,000			618			—
Total hedged assets						$	502,148		$	425,993		$	113		$	1,593

Schedule of Outstanding Financial Derivative Instruments

The following tables summarize outstanding financial derivative instruments as of September 30, 2025 and December 31, 2024:

						September 30, 2025
(Dollars in thousands)			Balance Sheet Location			Notional Amount			Fair Value of Asset (Liability)			Gain (Loss)
Fair value hedge of interest rate risk:
Pay fixed rate swaps with counterparty			Accrued interest receivable and other assets			$	86,938		$	(1,089)		$	(977)
Not designated hedges of interest rate risk:
Matched interest rate swaps with borrowers			Accrued interest receivable and other assets			129,102			3,603			2,310
Matched interest rate swaps with counterparty			Accrued interest payable and other liabilities			129,102			(3,603)			(2,310)
Total derivatives						$	345,142		$	(1,089)		$	(977)

						December 31, 2024
(Dollars in thousands)			Balance Sheet Location			Notional Amount			Fair Value of Asset (Liability)			Gain (Loss)
Fair value hedge of interest rate risk:
Pay fixed rate swaps with counterparty			Accrued interest receivable and other assets			$	175,993		$	(112)		$	5,998
Not designated hedges of interest rate risk:
Matched interest rate swaps with borrowers			Accrued interest receivable and other assets			133,942			5,913			5,913
Matched interest rate swaps with counterparty			Accrued interest payable and other liabilities			133,942			(5,913)			(5,913)
Total derivatives						$	443,877		$	(112)		$	5,998

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- References

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- 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://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

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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

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