Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Cash Flow Hedges of Interest Rate Swaps

As of March 31, 2025, the Company had three interest rate swap agreements, all three of which were designated as cash flow hedges. The key terms are as follows (dollars in thousands):

Effective	Maturity	Fixed Interest	Notional Amount at		Asset (Liability) Fair Value at
Date	Date	Rate	March 31, 2025		March 31, 2025		December 31, 2024
Interest Rate Swap Agreements
4/7/2016	8/1/2029	3.14%	$	50,409	$	3,427	$	4,310
5/1/2024	12/9/2031	4.88%	$	57,000	$	31	$	1,254
12/9/2024	12/9/2031	4.83%	$	73,000	$	261	$	1,814

Schedule of Derivative Instruments in Consolidated Statements of Comprehensive Income (Loss)

The following table represents the pre-tax effect of the derivative instruments in the Company's condensed consolidated statements of comprehensive income (loss) (in thousands):

	Three Months Ended March 31,
	2025		2024
Information regarding derivatives designated as hedging instruments
Amount of gain (loss) recognized in OCI on derivatives	$	(3,083)	$	1,202
Impact of reclassification adjustment to interest expense included in Net Income (Loss)	$	(545)	$	(473)