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Derivative and Hedging Activities (Tables) | 3 Months Ended
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Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Interest Rate swaps | The following table reflects the Company's derivative position at the date indicated below for the interest rate swaps:
|  | As of March 31, 2025 |
|  | (Dollars in thousands) |
Notional amount |  | $ | 100,000 |
Weighted-average pay rate |  |  | 3.84 | %
Weighted-average receive rate |  |  | 4.34 | %
Weighted-average maturity in years |  |  | 3.65 |
Schedule of Fair Value of Derivative Financial Instruments and Classification on Consolidated Balance Sheets | The table below presents the fair value of the Company's derivative financial instruments, as well as their classification on the Consolidated Balance Sheets as of March 31, 2025:
|  | Asset Derivatives |  |  | Liability Derivatives |
|  | Balance Sheet Location |  | Fair Value |  |  | Balance Sheet Location |  | Fair Value |
|  | (in thousands) |
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | Other assets |  | $ | 39 |  |  | Other liabilities |  | $ | (795 | )
Total |  |  |  | $ | 39 |  |  |  |  | $ | (795 | )
Schedule of pre-tax effects of cash flow hedge accumulated other comprehensive income and current earnings | The pre-tax effects of cash flow hedges on accumulated other comprehensive income and current earnings for the period indicated are as follows:
|  | Three Months Ended |  |  | Three Months Ended |
|  | March 31, 2025 |  |  | March 31, 2024 |
|  | (in thousands) |
Interest rate swaps |  |  |  |  |  |
Amount of (loss) gain recognized in OCI on derivatives |  | $ | (1,140 | ) |  | $ | 633 |
Gain reclassified from OCI into interest expense |  | $ | 96 |  |  | $ | 151 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -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://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 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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