XML 82 R54.htm IDEA: XBRL DOCUMENT v3.25.0.1
DERIVATIVES (Tables)
 12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
A summary of the Company’s interest rate swaps at December 31 for the years indicated is included in the following table:

2024

(Dollars in thousands)		Notional AmountEstimated Fair ValueYears to MaturityReceive
Rate		Pay
Rate
Interest rate swap agreements:
Pay fixed/receive variable swaps$279,449 $15,364 4.4 years6.47  %4.03  %
Pay variable/receive fixed swaps279,449 (15,364)4.4 years4.03  %6.47  %
Total swaps$558,898 $— 4.4 years5.25  %5.25 %



2023

(Dollars in thousands)		Notional AmountEstimated Fair ValueYears to MaturityReceive
Rate		Pay
Rate
Interest rate swap agreements:
Pay fixed/receive variable swaps$247,875 $15,867 5.5 years7.29  %4.01  %
Pay variable/receive fixed swaps247,875 (15,867)5.5 years4.01  %7.29  %
Total swaps$495,750 $— 5.5 years5.65  %5.65  %
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The table below presents the notional amounts and fair values of the Company’s mortgage banking derivative financial instruments as of December 31, 2024 and December 31, 2023:

December 31, 2024December 31, 2023
(In thousands)NotionalAssetLiabilityNotionalAssetLiability
Mortgage Banking Derivatives:
Interest Rate Lock Commitments11,237177—16,608358—
Forward TBA Contracts14,50092—11,750—102
Total Mortgage Banking Derivatives$25,737 $269 $— $28,358 $358 $102 
Derivative Instruments, Gain (Loss)
The table below presents the changes in the fair value of the Company’s derivative financial instruments reflected within non-interest income on the Consolidated Statements of Income for the years ended December 31, 2024 and 2023, respectively.


(In thousands)Location of Gain/(Loss)202420232022
Interest rate lock commitmentsMortgage banking activities$(182)$49 $(823)
Forward TBA contractsMortgage banking activities194 (361)108 
Total$12 $(312)$(715)