Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amount and Fair Value of Derivative Instruments Included on Company's Consolidated Balance Sheets on a net Basis

The table below reflects the notional amount and fair value of active derivative instruments included on the Company’s consolidated balance sheets on a net basis as of March 31, 2024 and December 31, 2023.

	As of March 31, 2024				As of December 31, 2023
			Estimated				Estimated
	Notional		Fair Value		Notional		Fair Value
	Amount		Gain (Loss) (1)		Amount		Gain (Loss) (1)
	(Dollars in Thousands)
Derivatives designated as hedging instruments:
Fair value hedges:
Interest rate swaps related to fixed rate indirect consumer loans	$	30,000	$	273	$	30,000	$	(119	)
Total fair value hedges				273				(119	)
Total derivatives designated as hedging instruments, net				273				(119	)
Derivatives not designated as hedging instruments:
Interest rate floors	$	50,000		75	$	—		—
Total derivatives not designated as hedging instruments, net			$	75			$	—

(1)Derivatives in a gain position are recorded as other assets and derivatives in a loss position are recorded as other liabilities in the consolidated balance sheets.

Schedule of Hedging Derivative Instruments' Effect on Company's Interim Condensed Consolidated Statement of Operations

The effects, which include the reclassification of unrealized gains on terminated swap contracts, are presented as either an increase or decrease to income before income taxes in the relevant caption of the Company’s interim condensed consolidated statements of operations.

Location in the Condensed		Three Months Ended
Consolidated Statements of Operations		March 31, 2024			March 31, 2023
		(Dollars in Thousands)
Interest income	Interest and fees on loans	$	260		$	168
Interest expense	Interest on deposits		120			136
Interest expense	Interest on borrowings		36			36
Non-interest expense	Other non-interest expense		(24	)		-
	Net increase (decrease) to income before income taxes	$	392		$	340