Financial Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The details of the Bank's swap agreements are as follows:


					September 30, 2025				December 31, 2024				September 30, 2024
Effective Date	Maturity Date	Variable Index Received	Fixed Rate Paid	Presentation on Consolidated Balance Sheets	Notional Amount		Fair Value		Notional Amount		Fair Value		Notional Amount		Fair Value
Cash Flow Hedges
01/10/2023	01/01/2026	USD-SOFR-OIS COMPOUND	3.836%	Other (Liabilities) Assets	$	75,000,000	$	23,000	$	75,000,000	$	198,000	$	75,000,000	$	(172,000)
					$	75,000,000	$	23,000	$	75,000,000	$	198,000	$	75,000,000	$	(172,000)
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	$	(601,000)
03/08/2023	03/01/2027	USD-SOFR-OIS COMPOUND	4.402%	Other Liabilities	30,000,000		(379,000)		30,000,000		(216,000)		30,000,000		(710,000)
03/08/2023	03/01/2028	USD-SOFR-OIS COMPOUND	4.189%	Other Liabilities	30,000,000		(579,000)		30,000,000		(137,000)		30,000,000		(858,000)
07/12/2023	08/01/2025	USD-SOFR-OIS COMPOUND	4.703%	Other Liabilities	—		—		50,000,000		(135,000)		50,000,000		(293,000)
					$	60,000,000	$	(958,000)	$	150,000,000	$	(758,000)	$	150,000,000	$	(2,462,000)
Total swap agreements					$	135,000,000	$	(935,000)	$	225,000,000	$	(560,000)	$	225,000,000	$	(2,634,000)

The details of the Bank's cap agreements are as follows:


					September 30, 2025				December 31, 2024				September 30, 2024
Effective Date	Maturity Date	Variable Index Received	Fixed Rate Paid	Presentation on Consolidated Balance Sheets	Notional Amount		Fair Value		Notional Amount		Fair Value		Notional Amount		Fair Value
Fair Value Hedges
07/01/2025	07/01/2028	USD-SOFR-OIS COMPOUND	4.050%	Other Assets	$	50,000,000	$	135,000	$	—	$	—	$	—	$	—
07/01/2025	07/01/2028	USD-SOFR-OIS COMPOUND	4.550%	Other Assets	50,000,000		74,000		—		—		—		—
Total cap agreements					$	100,000,000	$	209,000	$	—	$	—	$	—	$	—

At September 30, 2025 there were 17 customer loan swap arrangements in place. This compares to 10 customer loan swap arrangements in place at December 31, 2024 and eight customer loan swap arrangements in place at September 30, 2024. The details of the Bank's customer loan swap arrangements are detailed below:


		September 30, 2025					December 31, 2024					September 30, 2024
	Presentation on Consolidated Balance Sheet	Number of Positions	Notional Amount		Fair Value		Number of Positions	Notional Amount		Fair Value		Number of Positions	Notional Amount		Fair Value
Pay Fixed, Receive Variable	Other Assets	6	$	33,808,000	$	3,517,000	8	$	43,415,000	$	4,772,000	6	$	34,988,000	$	3,478,000
Pay Fixed, Receive Variable	Other Liabilities	11	35,318,000		(781,000)		2	4,342,000		(87,000)		2	7,647,000		(274,000)
		17	69,126,000		2,736,000		10	47,757,000		4,685,000		8	42,635,000		3,204,000
Receive Fixed, Pay Variable	Other Assets	11	35,318,000		781,000		2	4,342,000		87,000		2	7,647,000		274,000
Receive Fixed, Pay Variable	Other Liabilities	6	33,808,000		(3,517,000)		8	43,415,000		(4,772,000)		6	34,988,000		(3,478,000)
		17	69,126,000		(2,736,000)		10	47,757,000		(4,685,000)		8	42,635,000		(3,204,000)
Total		34	$	138,252,000	$	—	20	$	95,514,000	$	—	16	$	85,270,000	$	—