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Derivative and Hedging Activities (Tables)

3 Months Ended

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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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.

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-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

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