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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amount and Fair Value of Derivative Instruments Included on Company's Consolidated Balance Sheets on a net Basis

The table below reflects the notional amount and fair value of active derivative instruments included on the Company’s consolidated balance sheets on a net basis as of September 30, 2025 and December 31, 2024.


		As of September 30, 2025								As of December 31, 2024
						Estimated								Estimated
						Fair Value								Fair Value
		Notional Amount				Gain (Loss) (1)				Notional Amount				Gain (Loss) (1)
		(Dollars in Thousands)
Derivatives designated as hedging instruments:
Fair value hedges:
Interest rate swaps related to fixed rate indirect consumer loans		$	—			$	—			$	30,000			$	69
Total fair value hedges						$	—							$	69
Cash flow hedges:
Interest rate swaps related to interest-bearing liabilities		$	40,000			$	(45	)		$	40,000			$	609
Interest rate floors		$	20,000				214			$	—				—
Total cash flow hedges						$	169							$	609
Total derivatives designated as hedging instruments, net						$	169							$	678
Derivatives not designated as hedging instruments:
Interest rate floors		$	25,000			$	1			$	50,000			$	18
Credit risk participation agreements		$	15,198				(62	)		$	15,198				(54	)
Total derivatives not designated as hedging instruments, net						$	(61	)						$	(36	)

(1)

Derivatives in a gain position are recorded as other assets and derivatives in a loss position are recorded as other liabilities in the consolidated balance sheets.

Schedule of Hedging Derivative Instruments' Effect on Company's Interim Condensed Consolidated Statement of Operations

The effects, which include the reclassification of unrealized gains on terminated swap contracts, are presented as either an increase or decrease to income before income taxes in the relevant caption of the Company’s interim condensed consolidated statements of operations.


Location in the Condensed				Three Months Ended								Nine Months Ended
Consolidated Statements of Operations				September 30, 2025				September 30, 2024				September 30, 2025				September 30, 2024
				(Dollars in Thousands)								(Dollars in Thousands)
Interest income		Interest and fees on loans		$	(18	)		$	209			$	(66	)		$	729
Interest expense		Interest on deposits			143				93				380				333
Interest expense		Interest on borrowings			—				12				—				84
Non-interest income		Other non-interest income			12				27				(8	)			27
Non-interest expense		Other non-interest expense			(5	)			72				(17	)			10
		Net increase to income before income taxes		$	132			$	413			$	289			$	1,183