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Derivative Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2026
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 June 30, 2026, and December 31, 2025.
|  | June 30, 2026 |  |  | December 31, 2025 |
|  | Notional |  |  | Fair |  |  | Notional |  |  | Fair |
($ in thousands) |  | Amount |  |  | Value |  |  | Amount |  |  | Value |
Asset Derivatives |  |  |  |  |  |  |  |  |  |  |  |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps associated with loans |  | $ | 124,244 |  |  | $ | 2,592 |  |  | $ | 118,701 |  |  | $ | 1,465 |
IRLCs |  |  | 12,634 |  |  |  | 4 |  |  |  | 10,701 |  |  |  | 15 |
Forward contracts |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total contracts |  | $ | 136,878 |  |  | $ | 2,596 |  |  | $ | 129,402 |  |  | $ | 1,480 |
Liability Derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps associated with loans |  | $ | 124,244 |  |  | $ | (2,592 | ) |  | $ | 118,701 |  |  | $ | (1,465 | )
IRLCs |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Forward contracts |  |  | 15,000 |  |  |  | (26 | ) |  |  | 11,000 |  |  |  | (30 | )
Total contracts |  | $ | 139,244 |  |  | $ | (2,618 | ) |  | $ | 129,701 |  |  | $ | (1,495 | )
Schedule of Consolidated Statements of Income for Non-Hedging Derivative Financial Instruments | The following table presents the amounts included in the condensed consolidated statements of income for non-hedging derivative financial instruments for the three and six months ended June 30, 2026, and 2025.
|  |  |  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
($ in thousands) |  | Statement of income classification |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Interest rate swap contracts |  | Other income |  | $ | - |  |  | $ | 135 |  |  | $ | 120 |  |  | $ | 242 |
IRLCs |  | Gain on sale of mortgage loans & OMSR |  |  | 94 |  |  |  | (185 | ) |  |  | (11 | ) |  |  | (167 | )
Forward contracts |  | Gain on sale of mortgage loans & OMSR |  |  | (174 | ) |  |  | 71 |  |  |  | 4 |  |  |  | 27 |
Schedule of Offsetting of Financial Assets and Derivative Assets | The following table shows the offsetting of financial assets and derivative assets at June 30, 2026, and at December 31, 2025.
|  | Gross amounts of |  |  | Gross amounts offset in the |  |  | Net amounts of assets presented in the |  |  | Gross amounts not offset in the consolidated balance sheet |  |  |  |
($ in thousands) |  | recognized assets |  |  | consolidated balance sheet |  |  | consolidated balance sheet |  |  | Financial instruments |  |  | Cash collateral received |  |  | Net amount |
June 30, 2026 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 2,887 |  |  | $ | 295 |  |  | $ | 2,592 |  |  | $ | - |  |  | $ | 2,450 |  |  | $ | 142 |
December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 2,525 |  |  | $ | 1,060 |  |  | $ | 1,465 |  |  | $ | - |  |  | $ | 1,220 |  |  | $ | 245 |
Schedule of Offsetting of Financial Liabilities and Derivative Liabilities | The following table shows the offsetting of financial liabilities and derivative liabilities at June 30, 2026, and at December 31, 2025.
|  | Gross amounts of |  |  | Gross amounts offset in the |  |  | Net amounts of liabilities presented in the |  |  | Gross amounts not offset in the consolidated balance sheet |  |  |  |
($ in thousands) |  | recognized liabilities |  |  | consolidated balance sheet |  |  | consolidated balance sheet |  |  | Financial instruments |  |  | Cash collateral pledged |  |  | Net amount |
June 30, 2026 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 2,887 |  |  | $ | 295 |  |  | $ | 2,592 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,592 |
December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 2,525 |  |  | $ | 1,060 |  |  | $ | 1,465 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,465 |

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