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Derivatives and Hedging Activities (Tables) | 9 Months Ended
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Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Balance Sheet Related to Cumulative Basis Adjustment for Fair Value Hedges | As of September 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) |  | September 30, 2025 |  |  | December 31, 2024 |  |  | September 30, 2025 |  |  | December 31, 2024 |
Total loans |  | $ | 50,080 |  |  | $ | 24,957 |  |  | $ | 80 |  |  | $ | (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) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts - fair value hedge | $ | 50,000 |  |  | Other assets |  | $ | — |  |  |  | $ | — |  |  | Other liabilities |  | $ | 80 |
Interest rate contracts - cash flow hedge |  | 10,000 |  |  | Other assets |  |  | — |  |  |  |  | — |  |  | Other liabilities |  |  | 51 |
Total derivatives designated as hedging instruments | $ | 60,000 |  |  |  |  | $ | — |  |  |  | $ | — |  |  |  |  | $ | 131 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer loan swaps | $ | 4,523 |  |  | Other assets |  | $ | 76 |  | $ | 4 |  | $ | 4,523 |  |  | Other liabilities |  | $ | 76 |
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 |
Credit-risk-related Contingent Features By entering into derivative transactions, the Company is exposed to credit risk to the extent that counterparties to the derivative contracts do not perform as required. Should a counterparty fail to perform under the terms of a derivative contract, the Company’s credit exposure on interest rate swaps is limited to the net positive fair value and accrued interest of all swaps with each counterparty. The Company seeks to minimize counterparty credit risk through credit approvals, limits, and other monitoring procedures. Institutional counterparties must have an investment grade credit rating and be approved by the Company’s board of directors. As such, management believes the risk of incurring credit losses on derivative contracts with institutional counterparties is remote. As of September 30, 2025 and December 31, 2024, the Company posted $450,000 and $781,000, respectively, of cash to the counterparties as collateral on its interest rate swap contracts and customer loan swaps, which was presented within cash and due from banks on the consolidated balance sheets. Balance Sheet Offsetting Certain financial instruments may be eligible for offset in the consolidated balance sheet and/or subject to master netting arrangements or similar agreements. The Company’s derivative transactions with institutional counterparties are generally executed under International Swaps and Derivative Association (“ISDA”) master agreements which include “right of set-off” provisions. In such cases there is generally a legally enforceable right to offset recognized amounts and there may be an intention to settle such amounts on a net basis. Generally, the Company does not offset such financial instruments for financial reporting purposes. The following tables present the information about derivative positions that are eligible for offset in the consolidated balance sheets as of September 30, 2025 and December 31, 2024:
(Dollars in thousands) |  | Gross Amounts Recognized |  |  | Gross Amounts Offset |  |  | Net Amounts Recognized |  |  | Financial Instruments Pledged (Received) |  |  | Cash Collateral Pledged (Received) (1) |  |  | Net Amount |
September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contract - fair value hedge(2) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest rate contract - cash flow hedge(2) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Customer loan swap - dealer bank(3) |  |  | 76 |  |  |  | — |  |  |  | 76 |  |  |  | — |  |  |  | 76 |  |  |  | — |
Total |  | $ | 76 |  |  | $ | — |  |  | $ | 76 |  |  | $ | — |  |  | $ | 76 |  |  | $ | — |
Derivative Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contract - fair value hedge(2) |  | $ | 80 |  |  | $ | — |  |  | $ | 80 |  |  | $ | — |  |  | $ | 80 |  |  | $ | — |
Interest rate contract - cash flow hedge(2) |  |  | 51 |  |  |  | — |  |  |  | 51 |  |  |  | — |  |  |  | 51 |  |  |  | — |
Customer loan swap - dealer bank(3) |  |  | 76 |  |  |  | — |  |  |  | 76 |  |  |  | — |  |  |  | — |  |  |  | 76 |
Total |  | $ | 207 |  |  | $ | — |  |  | $ | 207 |  |  | $ | — |  |  | $ | 131 |  |  | $ | 76 |
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 |
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 September 30, 2025 and December 31, 2024:
(Dollars in thousands) |  | Gross Amounts Recognized |  |  | Gross Amounts Offset |  |  | Net Amounts Recognized |  |  | Financial Instruments Pledged (Received) |  |  | Cash Collateral Pledged (Received) (1) |  |  | Net Amount |
September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contract - fair value hedge(2) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest rate contract - cash flow hedge(2) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Customer loan swap - dealer bank(3) |  |  | 76 |  |  |  | — |  |  |  | 76 |  |  |  | — |  |  |  | 76 |  |  |  | — |
Total |  | $ | 76 |  |  | $ | — |  |  | $ | 76 |  |  | $ | — |  |  | $ | 76 |  |  | $ | — |
Derivative Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contract - fair value hedge(2) |  | $ | 80 |  |  | $ | — |  |  | $ | 80 |  |  | $ | — |  |  | $ | 80 |  |  | $ | — |
Interest rate contract - cash flow hedge(2) |  |  | 51 |  |  |  | — |  |  |  | 51 |  |  |  | — |  |  |  | 51 |  |  |  | — |
Customer loan swap - dealer bank(3) |  |  | 76 |  |  |  | — |  |  |  | 76 |  |  |  | — |  |  |  | — |  |  |  | 76 |
Total |  | $ | 207 |  |  | $ | — |  |  | $ | 207 |  |  | $ | — |  |  | $ | 131 |  |  | $ | 76 |
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 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. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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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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