Derivative Financial Instruments

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The following table presents the fair value of the Corporation’s derivative financial instruments as well as their classification on the Consolidated Statements of Condition as of:


	December 31, 2025				Consolidated Statements of Condition Location	December 31, 2024
(In thousands)	Notional Amount		Asset (Liability) Fair Value			Notional Amount	Asset (Liability) Fair Value
Derivatives not designated as hedging instruments:
Interest rate lock commitments:
Assets	$	58,114	$	1,540	Other Assets	—	—
Liabilities	—		—		Other Liabilities	—	—

Forward commitments:
Assets	8,223		4		Other Assets	—	—
Liabilities	23,881		(105)		Other Liabilities	—	—

Interest rate derivatives with customers:
Assets	5,917		91		Other Assets	—	—
Liabilities	49,849		(3,476)		Other Liabilities	—	—

Interest rate derivatives with dealer counterparties:
Assets	49,849		3,476		Other Assets	—	—
Liabilities	5,917		(91)		Other Liabilities	—	—

Derivatives designated as hedging instruments:
Interest rate derivatives used in cash flow hedges:
Assets	20,000		48		Other Assets	—	—
Liabilities	25,000		(144)		Other Liabilities	—	—

The following presents a summary of the fair value gains and losses on derivative financial instruments for the years ended December 31:


(In thousands)	2025		2024		Consolidated Statements of Income Classification
Interest Rate Lock Commitments	$	328	$	—	Gain from mortgage loans held for sale
Forward Commitments	(28)		—		Gain from mortgage loans held for sale

The following table presents the effect of fair value and cash flow hedge accounting on AOCI for the years ended December 31:


(In thousands)	Amount of Loss Recognized in OCI on Derivative		Amount of Loss Recognized in OCI Included Component		Amount of Loss Recognized in OCI Excluded Component		Location of (Loss) Gain Recognized from AOCI into Income	Amount of Gain Reclassified from OCI into Income		Amount of Gain Reclassified from AOCI into Income Included Component		Amount of Gain Reclassified from AOCI into Income Excluded Component
2025
Interest rate derivatives	$	(96)	$	(96)	$	—	Interest Expense	$	93	$	93	$	—
2024
Interest rate derivatives	—		—		—		Interest Expense	—		—		—

As of December 31, 2025 the fair value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $144 thousand. As of December 31, 2025, the Company has posted $260 thousand collateral related to these agreements. If the Company had breached any of these provisions at December 31, 2025, it could have been required to settle its obligations under the agreements at their termination value of $144 thousand.

The following table presents the effect of fair value and cash flow hedge accounting on the Consolidated Statements of Income for the years ended December 31:



(In thousands)	2025		2024
Total amounts of expense line items presented in the consolidated statements of income in which the effects of fair value or cash flow hedges are recorded	$	93	$	—
The effects of fair value or cash flow hedging:
Amount of gain reclassified from AOCI into income	93		—
Amount of gain reclassified from AOCI into income - included component	93		—
Amount of gain reclassified from AOCI into income - excluded component	—		—

During the next 12 months, the Company estimates that an additional $1 thousand will be reclassified as a reduction to interest expense.