XML 41 R30.htm IDEA: XBRL DOCUMENT v3.26.1
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