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Derivatives and Hedging Activities (Tables) | 6 Months Ended
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Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Balance Sheet Related to Cumulative Basis Adjustment for Fair Value Hedges | As of June 30, 2025 and December 31, 2024, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges:
Location in Consolidated Balance Sheets |  | Carrying Amount of Hedged Assets/(Liabilities) |  |  | Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets/(Liabilities) |
(Dollars in thousands) |  | June 30, 2025 |  |  | December 31, 2024 |  |  | June 30, 2025 |  |  | December 31, 2024 |
Total loans |  | $ | 25,060 |  |  | $ | 24,957 |  |  | $ | 60 |  |  | $ | (43 | )
Summary of Fair Values of Derivative Financial Instruments Classification on Consolidated Balance Sheets | The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets:
| Derivative Assets |  |  |  | Derivative Liabilities |
| Notional Amount |  |  | Location |  | Fair Value |  |  |  | Notional Amount |  |  | Location |  | Fair Value |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts - fair value hedge | $ | 25,000 |  |  | Other assets |  | $ | — |  |  |  | $ | — |  |  | Other liabilities |  | $ | 60 |
Interest rate contracts - cash flow hedge |  | 10,000 |  |  | Other assets |  |  | — |  |  |  |  | — |  |  | Other liabilities |  |  | 55 |
Total derivatives designated as hedging instruments | $ | 35,000 |  |  |  |  | $ | — |  |  |  | $ | — |  |  |  |  | $ | 115 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps | $ | 4,559 |  |  | Other assets |  | $ | 64 |  | $ | 4 |  | $ | 4,559 |  |  | Other liabilities |  | $ | 64 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts - fair value hedge | $ | 25,000 |  |  | Other assets |  | $ | 43 |  |  |  | $ | — |  |  |  |  | $ | — |
Interest rate contracts - cash flow hedge |  | 10,000 |  |  | Other assets |  |  | — |  |  |  |  | — |  |  | Other liabilities |  |  | 43 |
Total derivatives designated as hedging instruments | $ | 35,000 |  |  |  |  | $ | 43 |  |  |  | $ | — |  |  |  |  | $ | 43 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps | $ | 4,630 |  |  | Other assets |  | $ | 71 |  |  |  | $ | 4,630 |  |  | Other liabilities |  | $ | 71 |
Summary of Derivative Positions Offset in Consolidated Balance Sheets | The following tables present the information about derivative positions that are eligible for offset in the consolidated balance sheets as of June 30, 2025 and December 31, 2024:
|  |  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset |  |  |  |
(Dollars in thousands) |  | Gross Amounts Recognized |  |  | Gross Amounts Offset |  |  | Net Amounts Recognized |  |  | Financial Instruments Pledged (Received) |  |  | Cash Collateral Pledged (Received) (1) |  |  | Net Amount |
June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contract - fair value hedge(2) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest rate contract - cash flow hedge(2) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Customer loan swap - dealer bank(3) |  |  | 64 |  |  |  | — |  |  |  | 64 |  |  |  | — |  |  |  | 64 |  |  |  | — |
Total |  | $ | 64 |  |  | $ | — |  |  | $ | 64 |  |  | $ | — |  |  | $ | 64 |  |  | $ | — |
Derivative Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contract - fair value hedge(2) |  | $ | 60 |  |  | $ | — |  |  | $ | 60 |  |  | $ | — |  |  | $ | 60 |  |  | $ | — |
Interest rate contract - cash flow hedge(2) |  |  | 55 |  |  |  | — |  |  |  | 55 |  |  |  | — |  |  |  | 55 |  |  |  | — |
Customer loan swap - dealer bank(3) |  |  | 64 |  |  |  | — |  |  |  | 64 |  |  |  | — |  |  |  | — |  |  |  | 64 |
Total |  | $ | 179 |  |  | $ | — |  |  | $ | 179 |  |  | $ | — |  |  | $ | 115 |  |  | $ | 64 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contract - fair value hedge(2) |  | $ | 43 |  |  | $ | — |  |  | $ | 43 |  |  | $ | — |  |  | $ | 43 |  |  | $ | — |
Interest rate contract - cash flow hedge(2) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Customer loan swap - dealer bank(3) |  |  | 71 |  |  |  | — |  |  |  | 71 |  |  |  | — |  |  |  | 71 |  |  |  | — |
Total |  | $ | 114 |  |  | $ | — |  |  | $ | 114 |  |  | $ | — |  |  | $ | 114 |  |  | $ | — |
Derivative Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contract - fair value hedge(2) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest rate contract - cash flow hedge(2) |  |  | 43 |  |  |  | — |  |  |  | 43 |  |  |  | — |  |  |  | 43 |  |  |  | — |
Customer loan swap - dealer bank(3) |  |  | 71 |  |  |  | — |  |  |  | 71 |  |  |  | — |  |  |  | — |  |  |  | 71 |
Total |  | $ | 114 |  |  | $ | — |  |  | $ | 114 |  |  | $ | — |  |  | $ | 43 |  |  | $ | 71 |
(1) The amount presented was the lesser of the amount pledged (received) or the net amount presented in the consolidated balance sheets. (2) Interest rate swap contracts were completed with the same dealer bank. The Company maintains a master netting arrangement with the counterparty and settles collateral on a net basis for all contracts. (3) The Company manages its net exposure on its commercial customer loan swaps by obtaining collateral as part of the normal loan policy and underwriting practices. The Company does not post collateral to its commercial customers as part of its contract.

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References No definition available. + Details
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