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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - (Tables)
12 Months Ended
Dec. 31, 2025
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES  
Schedule of fair value of the Company's derivative financial instruments

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​

​

​

​

​

​

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(Dollars in thousands)

​

December 31, 2025

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Derivative Assets

​

​

Derivative Liabilities

​

​

Location

​

​

Fair Value

​

​

Location

​

​

Fair Value

Derivatives designated as hedging instruments:

​

​

​

​

​

​

​

​

​

​

​

Interest rate swaps

​

Other Assets

​

$

—

​

​

Other Liabilities

​

$

3,859

Total

​

​

​

$

—

​

​

​

​

$

3,859

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(Dollars in thousands)

​

December 31, 2024

​

 

Derivative Assets

​

​

Derivative Liabilities

​

​

Location

​

​

Fair Value

​

​

Location

​

​

Fair Value

Derivatives designated as hedging instruments:

​

​

​

​

​

​

​

​

​

​

​

Interest rate swaps

​

Other Assets

​

$

—

​

​

Other Liabilities

​

$

1,463

Total

​

​

​

$

—

​

​

​

​

$

1,463

Schedule of derivative assets subject to an enforceable master netting arrangement

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​

​

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​

​

​

​

​

​

​

​

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​

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​

​

​

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Gross

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Net Amounts

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​

Gross Amounts Not Offset in the Consolidated Balance Sheet

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​

Gross

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Amounts

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of Assets

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​

​

​

​

​

​

​

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(Dollars in thousands)

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Amounts of

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Offset in the

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Presented in the

​

​

​

​

Cash

​

​

​

​

​

Recognized

​

Consolidated

​

Consolidated

​

Financial

​

Collateral

​

Net

​

​

Assets

​

Balance Sheet

​

Balance Sheet

​

Instruments

​

Received

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Amount

December 31, 2025

 

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  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Derivatives

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

December 31, 2024

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Derivatives

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

Schedule of derivative liabilities subject to an enforceable master netting arrangement

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gross

​

Net Amounts

​

​

Gross Amounts Not Offset in the Consolidated Balance Sheet

​

​

Gross

​

Amounts

​

of Liabilities

​

​

​

​

​

​

​

​

​

(Dollars in thousands)

​

Amounts of

​

Offset in the

​

Presented in the

​

​

​

​

Cash

​

​

​

​

​

Recognized

​

Consolidated

​

Consolidated

​

Financial

​

Collateral

​

Net

​

​

Liabilities

​

Balance Sheet

​

Balance Sheet

​

Instruments

​

Pledged

​

Amount

December 31, 2025

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Derivatives

​

$

3,859

​

$

—

​

$

3,859

​

$

—

​

$

(3,859)

​

$

—

​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

December 31, 2024

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Derivatives

​

$

1,463

​

$

—

​

$

1,463

​

$

—

​

$

(1,463)

​

$

—

Schedule of the remaining contractual maturity of the master netting arrangements

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​

​

​

​

​

​

​

​

​

​

​

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​

​

​

​

​

​

Remaining Contractual Maturity of the Agreements

​

​

​

​

​

​

​

​

​

Greater

​

​

​

(Dollars in thousands)

​

Up to

​

1 to 3

​

3 to 5

​

than

​

​

​

​

​

1 Year

​

Years

​

Years

​

5 Years

​

Total

December 31, 2025:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Derivative Assets

​

$

—

​

$

347

​

$

—

​

$

—

​

$

347

Derivative Liabilities

​

​

—

​

​

(3,604)

​

​

—

​

​

(602)

​

​

(4,206)

Total net derivatives

​

$

—

​

$

(3,257)

​

$

—

​

$

(602)

​

$

(3,859)

Schedule of cumulative amount of fair value hedging adjustment included carrying amount of hedged assets

​

​

​

​

​

​

(Dollars in thousands)

​

December 31, 

​

December 31, 

​

 

2025

​

2024

Carrying amount of hedged assets:

​

Closed Portfolio Amount

​

Closed Portfolio Amount

Fixed Rate Loans

$

120,157

$

134,878

Available-for-sale - Municipals

​

50,335

​

50,653

Available-for-sale - MBS

​

47,208

​

32,821

Total

$

217,700

$

218,352

​

​

​

​

​

Interest rate swaps notional amount

$

171,646

$

125,000

Schedule of cumulative amount of fair value hedging adjustment included carrying amount of assets

​

​

​

​

​

​

(Dollars in thousands)

​

December 31, 

​

December 31, 

​

 

2025

​

2024

Cumulative amount of fair value hedging adjustment included in the carrying amount of assets:

​

​

​

​

Fixed Rate Loans

$

347

$

823

Available-for-sale - Municipals

​

(993)

​

(375)

Available-for-sale - MBS

​

(940)

​

(122)

Total

$

(1,586)

$

326

Schedule of pre-tax effects of the Company's derivative instruments designated as cash flow hedges

​

​

​

​

​

​

(Dollars in thousands)

​

December 31, 

​

 

2025

​

2024

Amount of loss recognized in accumulated other comprehensive loss

$

(2,036)

$

(993)

Amount of gain reclassified from accumulated other comprehensive loss to interest expense

​

(82)

​

850

​

​

​

​

​

Interest rate swaps notional amount

$

100,000

$

100,000