Derivatives

6 Months Ended

Jun. 30, 2025

Derivatives [Abstract]

Derivatives

Note 11—Derivatives

Derivatives Not Designated as Hedging Instruments

As a customer accommodation, the Company may enter into interest rates swaps with its loan customers. The Company also enters into corresponding offsetting derivatives with third parties. While these derivatives represent economic hedges, they do not qualify as hedges for accounting purposes.

The fair value of these swaps are recorded as components of other assets and other liabilities in the Company’s consolidated balance sheets.

	June 30, 2025				December 31, 2024
(Dollars in thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivatives not designated as hedging instruments:
Interest rate swaps related to customer loans	$	8,970	$	197	$	-	$	-
Total included in other assets			$	197			$	-
Derivatives not designated as hedging instruments:
Interest rate swaps related to customer loans	$	8,970	$	209	$	-	$	-
Total included in other liabilities			$	209			$	-

(Dollars in thousands)	Location of Gain or (Loss) Recognized in Income on Derivatives	Three Months Ended June 30,					Six Months Ended June 30,
			2025			2024		2025			2024
Derivatives not designated as hedging instruments:
Interest rate swaps related to loan customers	Other (expense) income	$	(4	)	$	-	$	(14	)	$	-
Total		$	(4	)	$	-	$	(14	)	$	-