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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2024
Derivative Financial Instruments [Abstract]  
Schedule of Notional Amount and Fair Value of the Company’s Interest Rate Swaps The table below presents the notional amount and fair value of the Company’s interest rate swaps, IRLCs and forward contracts utilized as of September 30, 2024, and December 31, 2023.
  September 30, 2024   December 31, 2023 
($ in thousands)  Notional
Amount
   Fair
Value
   Notional
 Amount
   Fair
Value
 
Asset Derivatives                
Derivatives not designated as hedging instruments                
Interest rate swaps associated with loans  $66,262   $2,602   $68,381   $3,638 
IRLCs   
-
    
-
    7,466    45 
Forward contracts   21,000    65    
-
    
-
 
Total contracts  $87,262   $2,667   $75,847   $3,683 
                     
Liability Derivatives                    
Derivatives not designated as hedging instruments                    
Interest rate swaps associated with loans  $66,262   $(2,602)  $68,381   $(3,638)
IRLCs   14,137    (23)   
-
    
-
 
Forward contracts   
-
    
-
    10,750    (37)
Total contracts  $80,399   $(2,625)  $79,131   $(3,675)
Schedule of Consolidated Statements of Income for Non-Hedging Derivative Financial Instruments The following table presents the amounts included in the consolidated statements of income for non-hedging derivative financial instruments for the three and nine months ended September 30, 2024, and 2023.
      Three Months Ended
September 30,
   Nine Months Ended
September 30,
 
($ in thousands)  Statement of income classification  2024   2023   2024   2023 
Interest rate swap contracts  Other income  $32   $68   $32   $74 
IRLCs  Gain on sale of mortgage loans & OMSR   (38)   (14)   (68)   (4)
Forward contracts  Gain on sale of mortgage loans & OMSR   25    37    102    59 
Schedule of Offsetting of Financial Assets and Derivative Assets The following table shows the offsetting of financial assets and derivative assets at September 30, 2024, and at December 31, 2023.
  Gross amounts
    Gross amounts
offset in the
    Net amounts of
assets
presented in
    Gross amounts not offset in the
consolidated balance sheet
       
($ in thousands)   of recognized
assets
    consolidated
balance sheet
    the consolidated
balance sheet
    Financial
instruments
    Cash collateral
received
    Net amount  
September 30, 2024                                                
Interest rate swaps  $2,222   $(380)  $2,602   $
           -
   $1,990   $612 
                               
December 31, 2023                              
Interest rate swaps  $3,957   $319   $3,638   $
-
   $2,900   $738 

Schedule of Offsetting of Financial Liabilities and Derivative Liabilities The following table shows the offsetting of financial liabilities and derivative liabilities at September 30, 2024, and at December 31, 2023.
   Gross amounts   Gross amounts
offset in the
   Net amounts of liabilities
presented in
   Gross amounts not offset in the
consolidated balance sheet
     
($ in thousands)  of recognized liabilities   consolidated balance sheet   the consolidated balance sheet   Financial instruments   Cash collateral pledged   Net amount 
September 30, 2024                        
Interest rate swaps  $2,222   $(380)  $2,602   $
   -
   $
    -
   $2,602 
                               
December 31, 2023                              
Interest rate swaps  $3,957   $319   $3,638   $
-
   $
-
   $3,638