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Hedge Accounting
3 Months Ended
Mar. 31, 2024
Hedge Accounting [Abstract]  
Hedge Accounting Note 18 – Hedge Accounting

As of March 31, 2024, and December 31, 2023, our Company held no derivative instruments. The Company held interest rate derivatives in the first quarter of 2023. The changes in fair value of that instrument were recorded in Other Comprehensive Income and released into interest expense in the same period(s) in which the hedged transactions affect earnings. In the quarter ended March 31, 2024 and March 31, 2023, respectively, the derivative instruments affected Comprehensive Income as follows:

(Dollars in thousands)

Location of Loss Recognized in Income on Derivatives

Three Months Ended March 31

2024

2023

Interest rate contracts

Interest expense

$

$

(564)

Total

$

$

(564)

(Dollars in thousands)

Amount

Three Months Ended March 31

2024

2023

Interest rate contracts

$

$

18 

Total

$

$

18 

Line Item

Amount

Three Months Ended March 31

2024

2023

Interest expense

$

$

(564)

Total

$

$

(564)