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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - (Tables)
3 Months Ended
Mar. 31, 2026
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES  
Schedule of fair value of the Company's derivative financial instruments

(Dollars in thousands)

March 31, 2026

 

Derivative Assets

Derivative Liabilities

Location

Fair Value

Location

Fair Value

Derivatives designated as hedging instruments:

Interest rate swaps

Other Assets

$

Other Liabilities

$

2,452

Total

$

$

2,452

(Dollars in thousands)

December 31, 2025

 

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

Schedule of derivative liabilities subject to an enforceable master netting arrangement

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

March 31, 2026

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Derivatives

$

2,452

$

$

2,452

$

$

(2,452)

$

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

December 31, 2025

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Derivatives

$

3,859

$

$

3,859

$

$

(3,859)

$

Schedule of the remaining contractual maturity of the master netting arrangements

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

March 31, 2026:

Derivative Assets

$

$

62

$

$

$

62

Derivative Liabilities

(2,143)

(371)

(2,514)

Total net derivatives

$

$

(2,081)

$

$

(371)

$

(2,452)

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

(Dollars in thousands)

March 31, 

December 31, 

 

2026

2025

Carrying amount of hedged assets:

Closed Portfolio Amount

Closed Portfolio Amount

Fixed Rate Loans

$

115,254

$

120,157

Available-for-sale - Municipals

50,254

50,335

Available-for-sale - MBS

75,080

76,830

Total

$

240,588

$

247,322

Interest rate swaps notional amount

$

170,519

$

171,646

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

(Dollars in thousands)

March 31, 

December 31, 

 

2026

2025

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

Fixed Rate Loans

$

50

$

(347)

Available-for-sale - Municipals

675

993

Available-for-sale - MBS

594

940

Total

$

1,319

$

1,586

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

(Dollars in thousands)

March 31, 

 

2026

2025

Amount of loss recognized in accumulated other comprehensive loss

$

(1,261)

$

(1,508)

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

(167)

1

Interest rate swaps notional amount

$

100,000

$

100,000