Balance Sheet Offsetting (Tables)

12 Months Ended

Dec. 31, 2024

Offsetting [Abstract]

Schedule of Offsetting Assets

The following tables present the Company’s asset and liability positions that were eligible for offset and the potential effect of netting arrangements on its financial position, as of the dates indicated:

	As of December 31, 2024
	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
							Financial Instruments		Collateral Pledged (Received)
	(In thousands)
Derivative Assets
Interest rate swaps designated as cash flow hedges	$	225	$	—	$	225	$	—	$	—	$	225
Customer-related positions:
Interest rate swaps	57,526		—		57,526		3,368		(48,590)		5,568
Risk participation agreements	4		—		4		—		—		4
Foreign currency exchange contracts – matched customer book	1,990		—		1,990		—		—		1,990
Foreign currency exchange contracts – foreign currency loan	62		—		62		—		—		62
	$	59,807	$	—	$	59,807	$	3,368	$	(48,590)	$	7,849
Derivative Liabilities
Interest rate swaps designated as cash flow hedges	$	5	$	—	$	5	$	—	$	5	$	—
Customer-related positions:
Interest rate swaps	97,594		—		97,594		3,368		130		94,096
Risk participation agreements	4		—		4		—		—		4
Foreign currency exchange contracts – matched customer book	1,980		—		1,980		—		—		1,980
Foreign currency exchange contracts – foreign currency loan	—		—		—		—		—		—
	$	99,583	$	—	$	99,583	$	3,368	$	135	$	96,080

	As of December 31, 2023
	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
							Financial Instruments		Collateral Pledged (Received)
	(In thousands)
Derivative Assets
Interest rate swaps designated as cash flow hedges	$	10	$	—	$	10	$	—	$	—	$	10
Customer-related positions:
Interest rate swaps	19,535		—		19,535		4,871		(8,500)		6,164
Risk participation agreements	151		—		151		—		—		151
Foreign currency exchange contracts – matched customer book	760		—		760		—		—		760
	$	20,456	$	—	$	20,456	$	4,871	$	(8,500)	$	7,085
Derivative Liabilities
Interest rate swaps designated as cash flow hedges	$	893	$	—	$	893	$	—	$	893	$	—
Customer-related positions:
Interest rate swaps	61,217		—		61,217		4,871		1,860		54,486
Risk participation agreements	106		—		106		—		—		106
Foreign currency exchange contracts – matched customer book	672		—		672		—		—		672
Foreign currency exchange contracts – foreign currency loan	187		—		187		—		—		187
	$	63,075	$	—	$	63,075	$	4,871	$	2,753	$	55,451

Schedule of Offsetting Liabilities

The following tables present the Company’s asset and liability positions that were eligible for offset and the potential effect of netting arrangements on its financial position, as of the dates indicated:

	As of December 31, 2024
	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
							Financial Instruments		Collateral Pledged (Received)
	(In thousands)
Derivative Assets
Interest rate swaps designated as cash flow hedges	$	225	$	—	$	225	$	—	$	—	$	225
Customer-related positions:
Interest rate swaps	57,526		—		57,526		3,368		(48,590)		5,568
Risk participation agreements	4		—		4		—		—		4
Foreign currency exchange contracts – matched customer book	1,990		—		1,990		—		—		1,990
Foreign currency exchange contracts – foreign currency loan	62		—		62		—		—		62
	$	59,807	$	—	$	59,807	$	3,368	$	(48,590)	$	7,849
Derivative Liabilities
Interest rate swaps designated as cash flow hedges	$	5	$	—	$	5	$	—	$	5	$	—
Customer-related positions:
Interest rate swaps	97,594		—		97,594		3,368		130		94,096
Risk participation agreements	4		—		4		—		—		4
Foreign currency exchange contracts – matched customer book	1,980		—		1,980		—		—		1,980
Foreign currency exchange contracts – foreign currency loan	—		—		—		—		—		—
	$	99,583	$	—	$	99,583	$	3,368	$	135	$	96,080

	As of December 31, 2023
	Gross Amounts Recognized		Gross Amounts Offset in the Statement of Financial Position		Net Amounts Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position				Net Amount
							Financial Instruments		Collateral Pledged (Received)
	(In thousands)
Derivative Assets
Interest rate swaps designated as cash flow hedges	$	10	$	—	$	10	$	—	$	—	$	10
Customer-related positions:
Interest rate swaps	19,535		—		19,535		4,871		(8,500)		6,164
Risk participation agreements	151		—		151		—		—		151
Foreign currency exchange contracts – matched customer book	760		—		760		—		—		760
	$	20,456	$	—	$	20,456	$	4,871	$	(8,500)	$	7,085
Derivative Liabilities
Interest rate swaps designated as cash flow hedges	$	893	$	—	$	893	$	—	$	893	$	—
Customer-related positions:
Interest rate swaps	61,217		—		61,217		4,871		1,860		54,486
Risk participation agreements	106		—		106		—		—		106
Foreign currency exchange contracts – matched customer book	672		—		672		—		—		672
Foreign currency exchange contracts – foreign currency loan	187		—		187		—		—		187
	$	63,075	$	—	$	63,075	$	4,871	$	2,753	$	55,451