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Derivatives and Hedging Activities
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives and Hedging Activities Derivatives and Hedging Activities
Derivatives Not Designated as Hedging Instruments 
Interest Rate Swaps. The Company enters into interest rate swap agreements to meet the financing and interest rate management needs of qualifying commercial loan customers. The Company simultaneously enters into interest rate swaps with dealer counterparties, with identical notional amounts and terms. The net result of the offsetting customer and dealer counterparty swap agreements is that the customer pays a fixed rate of interest and the Company receives a floating rate. The credit risk associated with derivatives executed with customers is essentially the same as that involved in extending loans and is subject to normal credit policies and monitoring. Swap derivative transactions with customers are not subject to enforceable master netting arrangements and are generally secured by rights to non-financial collateral, such as real and personal property.
Risk Participation Agreements. The Company has five risk participation agreements with financial institution counterparties for interest rate swaps related to loans in which it is a participant. The risk participation agreements provide credit protection to the financial institution should the borrower fail to perform on its interest rate derivative contract with the financial institution.

Derivatives Designated as Hedging Instruments 
In October 2023, the Company entered into an interest rate swap contract that is designated as a fair value hedge to mitigate the risk of interest rate increases and the subsequent impact on the associated fixed rate mortgages. This contract matures on October 17, 2026, has a notional amount of $75.0 million and is benchmarked to SOFR. The Company expects the hedge to remain effective during the remaining term of the swap.
The following table depicts the credit value and fair value adjustments recorded related to the notional amount of derivatives outstanding and interest rate swaps and risk participation agreements with other financial institutions. These adjustments are included in Accrued Interest Payable and Other Liabilities and Accrued Interest Receivable and Other Assets on the Company's Consolidated Statement of Financial Condition.
September 30, 2025
Derivative AssetsDerivative Liabilities
Notional AmountFair ValueNotional AmountFair Value
Derivatives Designated as Hedging Instruments
Interest Rate Swap Contracts$— $— $75,000 $830 
Total Derivatives Designated as Hedging Instruments— — 75,000 830 
Derivatives Not Designated as Hedging Instruments
Interest Rate Swap Contracts - Commercial Loans10,938 141 10,938 141 
Risk Participation Agreements— — 29,508 82 
Total Derivatives Not Designated as Hedging Instruments10,938 141 40,446 223 
Total Derivatives$10,938 $141 $115,446 $1,053 
December 31, 2024
Derivative AssetsDerivative Liabilities
Notional AmountFair ValueNotional AmountFair Value
Derivatives Designated as Hedging Instruments
Interest Rate Swap Contracts$— $— $75,000 $801 
Total Derivatives Designated as Hedging Instruments— — 75,000 801 
Derivatives Not Designated as Hedging Instruments
Interest Rate Swap Contracts - Commercial Loans— — — — 
Risk Participation Agreements— — 18,158 66 
Total Derivatives Not Designated as Hedging Instruments— — 18,158 66 
Total Derivatives$— $— $93,158 $867