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Derivative Hedging Instruments (Tables)

9 Months Ended

Sep. 30, 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 nine months of 2025 and 2024 performance (in thousands, except percentages).

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At September 30, 2025

​

​

​

​

​

​

​

​

​

​

​

Increase

​

​

​

​

Aggregate

​

Weighted

​

​

​

(Decrease)

​

​

​

​

Notional

​

Average Rate

​

Repricing

​

In Interest

​

​

Hedge Type

​

Amount

​

Received/(Paid)

​

Frequency

​

Income

Swap assets

N/A

$

61,401

6.66

%

Monthly

$

945

Swap liabilities

N/A

​

(61,401)

(6.66)

Monthly

​

(945)

Net exposure

​

​

$

—

—

%

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At September 30, 2024

​

​

​

​

​

​

​

​

​

​

​

Increase

​

​

​

​

Aggregate

​

Weighted

​

​

​

(Decrease)

​

​

​

​

Notional

​

Average Rate

​

Repricing

​

In Interest

​

​

Hedge Type

​

Amount

​

Received/(Paid)

​

Frequency

​

Income

Swap assets

N/A

$

67,135

7.67

%

Monthly

$

1,573

Swap liabilities

N/A

​

(67,135)

(7.67)

Monthly

​

(1,573)

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 and nine months ended September 30, 2025 and 2024 (in thousands).

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​	​	​	​	​	​	​	​	​
​	​	Three months ended September 30, 2025
Derivatives in Cash Flow Hedging Relationships	​	Amount Recognized in Other Comprehensive Income (Loss) on Derivatives		​	Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss	​	Amount Reclassified from Accumulated Other Comprehensive Loss
Interest rate hedge	​	$	(6)		Interest expense - Deposits		$	(35)
Total	​	$	(6)	​	​		$	(35)

​

​	​	​	​	​	​	​	​	​
​	​	Three months ended September 30, 2024
Derivatives in Cash Flow Hedging Relationships	​	Amount Recognized in Other Comprehensive Income (Loss) on Derivatives		​	Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss	​	Amount Reclassified from Accumulated Other Comprehensive Loss
Interest rate hedge	​	$	(1,122)		Interest expense - Deposits		$	(205)
Total	​	$	(1,122)	​	​		$	(205)

​

​	​	​	​	​	​	​	​	​
​	​	Nine months ended September 30, 2025
Derivatives in Cash Flow Hedging Relationships	​	Amount Recognized in Other Comprehensive Income (Loss) on Derivatives		​	Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss	​	Amount Reclassified from Accumulated Other Comprehensive Loss
Interest rate hedge	​	$	10		Interest expense - Deposits		$	(79)
Total	​	$	10	​	​		$	(79)

​

​	​	​	​	​	​	​	​	​
​	​	Nine months ended September 30, 2024
Derivatives in Cash Flow Hedging Relationships	​	Amount Recognized in Other Comprehensive Income (Loss) on Derivatives		​	Location on Consolidated Statements of Operations of Reclassification from Accumulated Other Comprehensive Loss	​	Amount Reclassified from Accumulated Other Comprehensive Loss
Interest rate hedge	​	$	(235)		Interest expense - Deposits		$	(604)
Total	​	$	(235)	​	​		$	(604)

​

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://www.xbrl.org/2009/role/commonPracticeRef
-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 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

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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://www.xbrl.org/2009/role/commonPracticeRef
-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 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-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

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