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Derivative Hedging Instruments (Tables) | 3 Months Ended
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Mar. 31, 2024
Derivative Hedging Instruments |
Schedule of interest rate swap transactions | The following table summarizes the interest rate swap transactions that impacted the Company’s first three months of 2024 and 2023 performance (in thousands, except percentages). ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | At March 31, 2024
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | INCREASE
​ | ​ | ​ | ​ | AGGREGATE | ​ | WEIGHTED | ​ | ​ | ​ | (DECREASE)
​ | ​ | ​ | ​ | NOTIONAL | ​ | AVERAGE RATE | ​ | REPRICING | ​ | IN INTEREST
​ | ​ | HEDGE TYPE | ​ | AMOUNT | ​ | RECEIVED/(PAID) | ​ | FREQUENCY | ​ | INCOME
Swap assets |  | N/A |  | $ | 68,414 |  | 7.69 | % | Monthly |  | $ | 561
Swap liabilities |  | N/A | ​ |  | (68,414) |  | (7.69) |  | Monthly | ​ |  | (561)
Net exposure |  | ​ | ​ | $ | — |  | — | % |  | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | At March 31, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | INCREASE
​ | ​ | ​ | ​ | AGGREGATE | ​ | WEIGHTED | ​ | ​ | ​ | (DECREASE)
​ | ​ | ​ | ​ | NOTIONAL | ​ | AVERAGE RATE | ​ | REPRICING | ​ | IN INTEREST
​ | ​ | HEDGE TYPE | ​ | AMOUNT | ​ | RECEIVED/(PAID) | ​ | FREQUENCY | ​ | INCOME
Swap assets |  | N/A |  | $ | 65,770 |  | 6.99 | % | Monthly |  | $ | 437
Swap liabilities |  | N/A | ​ |  | (65,770) |  | (6.99) |  | Monthly | ​ |  | (437)
Net exposure |  | ​ | ​ | $ | — |  | — | % |  | ​ | $ | —
Schedule of cash flow hedges accumulated other comprehensive loss | The following table summarizes the effect of the effective portion of the Company’s cash flow hedge accounting on accumulated other comprehensive loss for the three months ended March 31, 2024 and 2023 (in thousands). ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended March 31, 2024
Derivatives in Cash Flow Hedging Relationships | ​ | Amount Recognized in Other Comprehensive Loss on Derivative | ​ | Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss | ​ | Amount Reclassified from Accumulated Other Comprehensive Loss
Interest rate hedge | ​ | $ | 797 |  | Interest expense - Deposits |  | $ | (199)
Total | ​ | $ | 797 | ​ | ​ |  | $ | (199)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended March 31, 2023
Derivatives in Cash Flow Hedging Relationships | ​ | Amount Recognized in Other Comprehensive Loss on Derivative | ​ | Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss | ​ | Amount Reclassified from Accumulated Other Comprehensive Loss
Interest rate hedge | ​ | $ | (829) |  | Interest expense - Deposits |  | $ | (24)
Total | ​ | $ | (829) | ​ | ​ |  | $ | (24)

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- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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