Financial Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The details of the Bank's swap agreements are as follows:


					March 31, 2026				December 31, 2025				March 31, 2025
Effective Date	Maturity Date	Variable Index Received	Fixed Rate Paid	Presentation on Consolidated Balance Sheets	Notional Amount		Fair Value		Notional Amount		Fair Value		Notional Amount		Fair Value
Cash Flow Hedges
01/10/2023	01/01/2026	USD-SOFR-OIS COMPOUND	3.836%	Other Assets	$	—	$	—	$	75,000,000	$	—	$	75,000,000	$	104,000
					$	—	$	—	$	75,000,000	$	—	$	75,000,000	$	104,000
Fair Value Hedges
03/08/2023	03/01/2026	USD-SOFR-OIS COMPOUND	4.712%	Other Liabilities	$	—	$	—	$	—	$	—	$	40,000,000	$	(256,000)
03/08/2023	03/01/2027	USD-SOFR-OIS COMPOUND	4.402%	Other Liabilities	30,000,000		(190,000)		30,000,000		(352,000)		30,000,000		(367,000)
03/08/2023	03/01/2028	USD-SOFR-OIS COMPOUND	4.189%	Other Liabilities	30,000,000		(312,000)		30,000,000		(558,000)		30,000,000		(431,000)
07/12/2023	08/01/2025	USD-SOFR-OIS COMPOUND	4.703%	Other Liabilities	—		—		—		—		50,000,000		(66,000)
					$	60,000,000	$	(502,000)	$	60,000,000	$	(910,000)	$	150,000,000	$	(1,120,000)
Total swap agreements					$	60,000,000	$	(502,000)	$	135,000,000	$	(910,000)	$	225,000,000	$	(1,016,000)

The details of the Bank's cap agreements are as follows:


					March 31, 2026				December 31, 2025				March 31, 2025
Effective Date	Maturity Date	Variable Index Received	Fixed Rate Paid	Presentation on Consolidated Balance Sheets	Notional Amount		Fair Value		Notional Amount		Fair Value		Notional Amount		Fair Value
Fair Value Hedges
07/01/2025	07/01/2028	USD-SOFR-OIS COMPOUND	4.050%	Other Assets	$	50,000,000	$	212,000	$	50,000,000	$	100,000	$	—	$	—
07/01/2025	07/01/2028	USD-SOFR-OIS COMPOUND	4.550%	Other Assets	50,000,000		120,000		50,000,000		54,000		—		—
03/02/2026	03/01/2029	USD-SOFR-OIS COMPOUND	3.750%	Other Assets	50,000,000		489,000		—		—		—		—
03/02/2026	03/01/2030	USD-SOFR-OIS COMPOUND	4.250%	Other Assets	50,000,000		491,000		—		—		—		—
Total cap agreements					$	200,000,000	$	1,312,000	$	100,000,000	$	154,000	$	—	$	—

March 31, 2026 there were 19 customer loan swap arrangements in place. This compares to 18 customer loan swap arrangements in place as of December 31, 2025 and 12 customer loan swap arrangements in place as of March 31, 2025. The details of the Bank's customer loan swap arrangements are detailed below:


		March 31, 2026					December 31, 2025					March 31, 2025
	Presentation on Consolidated Balance Sheet	Number of Positions	Notional Amount		Fair Value		Number of Positions	Notional Amount		Fair Value		Number of Positions	Notional Amount		Fair Value
Pay Fixed, Receive Variable	Other Assets	7	$	35,380,000	$	3,585,000	6	$	33,506,000	$	3,551,000	6	$	34,398,000	$	4,078,000
Pay Fixed, Receive Variable	Other Liabilities	12	57,162,000		(455,000)		12	51,139,000		(757,000)		6	23,731,000		(426,000)
		19	92,542,000		3,130,000		18	84,645,000		2,794,000		12	58,129,000		3,652,000
Receive Fixed, Pay Variable	Other Assets	12	57,162,000		455,000		12	51,139,000		757,000		6	23,731,000		426,000
Receive Fixed, Pay Variable	Other Liabilities	7	35,380,000		(3,585,000)		6	33,506,000		(3,551,000)		6	34,398,000		(4,078,000)
		19	92,542,000		(3,130,000)		18	84,645,000		(2,794,000)		12	58,129,000		(3,652,000)
Total		38	$	185,084,000	$	—	36	$	169,290,000	$	—	24	$	116,258,000	$	—