XML 113 R14.htm IDEA: XBRL DOCUMENT
v3.25.1

Derivatives | 3 Months Ended
--- | ---
Mar. 31, 2025
Derivatives |
Derivatives | Note 5— Derivatives The Company enters into interest rate swap agreements (“swaps”) with commercial loan customers to provide a facility for customers to manage their interest rate risk. These swaps are matched in exact offsetting terms with swaps that the Company enters into with an independent third party. These swaps qualify as derivatives, but are not designated as hedging instruments. The following tables summarize the Company’s swaps at March 31, 2025 and December 31, 2024. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2025 | ​
​ | ​ | ​ | ​ | ​ | ​ | Estimated | ​ | ​ | Weighted Average | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Notional | ​ | ​ | Fair | ​ | ​ | Years to | ​ | ​ | Receive | ​ | ​ | Pay | ​
(Dollars in thousands) | ​ | ​ | Amount | ​ | ​ | Value | ​ | ​ | Maturity | ​ | ​ | Rate | ​ | ​ | Rate | ​
Interest rate swap agreements: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pay fixed/receive variable swaps | ​ | $ | 24,042 | ​ | $ | 408 | ​ | ​ | 2.4 years | ​ | ​ | 5.93 | % | ​ | 4.09 | %
Pay variable/receive fixed swaps | ​ | ​ | 24,042 | ​ | ​ | (408) | ​ | ​ | 2.4 years | ​ | ​ | 4.09 | % | ​ | 5.93 | %
Total interest rate swap agreements | ​ | $ | 48,084 | ​ | $ | — | ​ | ​ | 2.4 years | ​ | ​ | 5.01 | % | ​ | 5.01 | %
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024 | ​
​ | ​ | ​ | ​ | ​ | ​ | Estimated | ​ | ​ | Weighted Average | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Notional | ​ | ​ | Fair | ​ | ​ | Years to | ​ | ​ | Receive | ​ | ​ | Pay | ​
(Dollars in thousands) | ​ | ​ | Amount | ​ | ​ | Value | ​ | ​ | Maturity | ​ | ​ | Rate | ​ | ​ | Rate | ​
Interest rate swap agreements: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pay fixed/receive variable swaps | ​ | $ | 24,195 | ​ | $ | 549 | ​ | ​ | 2.7 years | ​ | ​ | 6.12 | % | ​ | 4.09 | %
Pay variable/receive fixed swaps | ​ | ​ | 24,195 | ​ | ​ | (549) | ​ | ​ | 2.7 years | ​ | ​ | 4.09 | % | ​ | 6.12 | %
Total interest rate swap agreements | ​ | $ | 48,390 | ​ | $ | — | ​ | ​ | 2.7 years | ​ | ​ | 5.11 | % | ​ | 5.11 | %
​ ​ The estimated fair value of the swaps at March 31, 2025 and December 31, 2024 were recorded in other assets and liabilities in the Consolidated Balance Sheets. The associated net gains and losses on the swaps are recorded in other income in the Consolidated Statements of Income.

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 The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-5C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/815/tableOfContent + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration