Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

Derivatives Not Designated as Hedging Instruments - Interest Rate Swap Agreements
	December 31, 2024		December 31, 2023
Fair value adjustment included in other assets	$	5,520	$	6,208
Fair value adjustment included in other liabilities	5,520		6,208
Notional amount	104,897		123,197

The following table depicts the fair value adjustment recorded related to the notional amount of derivatives, designed as hedging instruments, outstanding as well as the notional amount of the interest rate swap agreements:

Derivatives Designated as Hedging Instruments - Fair Value Agreements
	December 31, 2024		December 31, 2023
Fair value adjustment included in other assets	$	—	$	—
Fair value adjustment included in other liabilities	2,263		5,678
Notional amount	300,000		300,000

The following table represents the carrying value of the portfolio layer method hedged assets and the cumulative fair value hedging adjustment included in the carrying value of the hedged asset:

Derivatives Designated as Hedging Instruments - Fair Value Swap Agreements
	December 31, 2024		December 31, 2023
Carrying Value of Portfolio Layer Method Hedged Asset	$	302,234	$	305,849
Cumulative Fair Value Hedging Adjustment	2,234		5,849

Derivative Instruments, Gain (Loss)

The following table summarizes the effect of the fair value hedging relationship recognized on the consolidated statement of income:

Derivatives Designated as Hedging Instruments - Fair Value Agreements
	Twelve Months Ended		Twelve Months Ended
	December 31, 2024		December 31, 2023
Hedged Asset	$	2,234	$	5,849
Fair value derivative designated as hedging instrument	(2,263)		(5,828)
Total (loss) gain recognized in the consolidated statements of income with interest and fees on loans	(29)		21

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table indicates the effect of cash flow hedge accounting on AOCI and on the consolidated statement of income.

Derivatives Designated as Hedging Instruments - Cash Flow Hedge Agreements
	Twelve Months Ended		Twelve Months Ended
	December 31, 2024		December 31, 2023
Fair value adjustment included in other assets	$	1,757	$	—
Amount of gain recognized in AOCI	1,757		—

The following table indicates the effect of cash flow hedge accounting on AOCI and on the consolidated statement of income.

Derivatives Designated as Hedging Instruments - Cash Flow Hedge Agreements
	December 31, 2024		December 31, 2023
Fair value adjustment included in other liabilities	$	855	$	2,710
Amount of gain (loss) recognized in AOCI	3,383		(2,553)
Amount of gain reclassified from AOCI to interest expense	1,528		157

The following table indicates the effect of cash flow hedge accounting on AOCI and on the consolidated statement of income.

Derivatives Designated as Hedging Instruments - Cash Flow Hedge Agreements
	December 31, 2024		December 31, 2023
Fair value adjustment included in other assets	$	5,382	$	4,998
Amount of gain/(loss) recognized in AOCI	1,358		(1,355)
Amount of gain/(loss) reclassified from AOCI to interest expense	974		(907)