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Derivative Hedging Instruments (Tables)

3 Months Ended

Mar. 31, 2025

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 2025 and 2024 performance (in thousands, except percentages).

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​

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​

​

​

​

​

​

​

At March 31, 2025

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​

​

​

​

​

​

​

​

​

​

Increase

​

​

​

​

Aggregate

​

Weighted

​

​

​

(Decrease)

​

​

​

​

Notional

​

Average Rate

​

Repricing

​

In Interest

​

​

Hedge Type

​

Amount

​

Received/(Paid)

​

Frequency

​

Income

Swap assets

N/A

$

65,800

6.68

%

Monthly

$

322

Swap liabilities

N/A

​

(65,800)

(6.68)

Monthly

​

(322)

Net exposure

​

​

$

—

—

%

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

​

​

$

—

—

%

​

$

—

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, 2025 and 2024 (in thousands).

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​	​	​	​	​	​	​	​	​
​	​	Three months ended March 31, 2025
Derivatives in Cash Flow Hedging Relationships	​	Amount Recognized in Other Comprehensive Income (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	​	$	(32)		Interest expense - Deposits		$	(20)
Total	​	$	(32)	​	​		$	(20)

​

​	​	​	​	​	​	​	​	​
​	​	Three months ended March 31, 2024
Derivatives in Cash Flow Hedging Relationships	​	Amount Recognized in Other Comprehensive Income (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)

​

X

- References

No definition available.

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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
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

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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

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