XML 46 R33.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2

Derivative Hedging Instruments (Tables)

3 Months Ended

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)

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration