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Financial Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | The details of the interest rate swap agreements are as follows:
|  |  |  |  | December 31, 2024 | December 31, 2023
Effective Date | Maturity Date | Variable Index Received | Fixed Rate Paid | Presentation on Consolidated Balance Sheets | Notional Amount | Fair Value | Notional Amount | Fair Value
Cash Flow Hedges
4/27/2022 | 1/27/2024 | USD-SOFR-COMPOUND | 2.576% | Other Assets | $ | — |  | $ | — |  | $ | 10,000,000 |  | $ | 22,000 |
4/27/2022 | 4/27/2024 | USD-SOFR-COMPOUND | 2.619% | Other Assets | — |  | — |  | 10,000,000 |  | 86,000 |
01/10/2023 | 01/01/2026 | USD-SOFR-OIS COMPOUND | 3.836% | Other Assets | 75,000,000 |  | 198,000 |  | 75,000,000 |  | 272,000 |
|  |  |  |  | $ | 75,000,000 |  | $ | 198,000 |  | $ | 95,000,000 |  | $ | 380,000 |
Fair Value Hedges
03/08/2023 | 03/01/2026 | USD-SOFR-OIS COMPOUND | 4.712% | Other Liabilities | $ | 40,000,000 |  | $ | (270,000) |  | $ | 40,000,000 |  | $ | (581,000) |
03/08/2023 | 03/01/2027 | USD-SOFR-OIS COMPOUND | 4.402% | Other Liabilities | 30,000,000 |  | (216,000) |  | 30,000,000 |  | (598,000) |
03/08/2023 | 03/01/2028 | USD-SOFR-OIS COMPOUND | 4.189% | Other Liabilities | 30,000,000 |  | (137,000) |  | 30,000,000 |  | (678,000) |
07/12/2023 | 08/01/2025 | USD-SOFR-OIS COMPOUND | 4.703% | Other Liabilities | 50,000,000 |  | (135,000) |  | 50,000,000 |  | (292,000) |
|  |  |  |  | $ | 150,000,000 |  | $ | (758,000) |  | $ | 150,000,000 |  | $ | (2,149,000) |
Total swap agreements | $ | 225,000,000 |  | $ | (560,000) |  | $ | 245,000,000 |  | $ | (1,769,000) |
At December 31, 2024 there were ten customer loan swap arrangements in place. This compares to seven customer loan swap arrangements in place at December 31, 2023. The details of the Bank's customer loan swap arrangements are detailed below:
|  | December 31, 2024 | December 31, 2023
| Presentation on Consolidated Balance Sheets | Number of Positions | Notional Amount | Fair Value | Number of Positions | Notional Amount | Fair Value
Pay Fixed, Receive Variable | Other Assets | 8 | $ | 43,415,000 |  | $ | 4,772,000 |  | 6 | $ | 36,286,000 |  | $ | 4,259,000 |
Pay Fixed, Receive Variable | Other Liabilities | 2 | 4,342,000 |  | (87,000) |  | 1 | 5,048,000 |  | (89,000) |
Total |  | 10 | 47,757,000 |  | 4,685,000 |  | 7 | 41,334,000 |  | 4,170,000 |
Receive Fixed, Pay Variable | Other Assets | 2 | 4,342,000 |  | 87,000 |  | 1 | 5,048,000 |  | 89,000 |
Receive Fixed, Pay Variable | Other Liabilities | 8 | 43,415,000 |  | (4,772,000) |  | 6 | 36,286,000 |  | (4,259,000) |
Total |  | 10 | 47,757,000 |  | (4,685,000) |  | 7 | 41,334,000 |  | (4,170,000) |
Total |  | 20 | $ | 95,514,000 |  | $ | — |  | 14 | $ | 82,668,000 |  | $ | — |

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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
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