Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amount and Fair Value of Mortgage Banking Derivative Financial Instruments

Information related to mortgage banking hedging activity is set forth in the following table:

	December 31, 2023				December 31, 2022
(In thousands)	Notional Amount		Asset (Liability) Fair Value		Notional Amount		Asset (Liability) Fair Value
Interest Rate Lock Commitments
Positive Fair Values	$	—	$	—	$	274	$	3
Negative Fair Values	—		—		5,252		(40)
Forward Commitments
Positive Fair Values	—		—		4,750		43
Negative Fair Values	$	—	$	—	$	—	$	—

Information related to loan level swaps is set forth in the following table:

	December 31, 2023			December 31, 2022
	(Dollars in thousands)
Interest rate swaps on loans with customers
Notional amount	$	187,192		$	123,795
Weighted average remaining term (years)	6.24			7.85
Receive fixed rate (weighted average)	4.59		%	3.59		%
Pay variable rate (weighted average)	7.50		%	6.09		%
Estimated fair value (1)	$	10,484		$	11,697
	December 31, 2023			December 31, 2022
	(Dollars in thousands)
Interest rate swaps on loans with correspondents
Notional amount	$	187,192		$	123,795
Weighted average remaining term (years)	6.24			7.85
Receive variable rate (weighted average)	7.50		%	6.09		%
Pay fixed rate (weighted average)	4.59		%	3.59		%
Estimated fair value	$	10,484		$	11,697

(1) The net amount of the estimated fair value is disclosed in Other Liabilities on the Consolidated Balance Sheet.

Information related to cash flow hedges is set forth in the following table:

	December 31, 2023
	(Dollars in thousands)
Cash flow hedges
Notional amount	$	190,000
Weighted average remaining term (years)	2.22
Pay fixed rate (weighted average)	3.74		%
Receive variable rate (weighted average)	4.07		%
Estimated fair value	$	1,460

Schedule of Mortgage Banking Derivative Financial Instruments Net, Gains or Losses Recognized Within Other Noninterest Income

The following table presents derivative financial instruments and the amount of the net gains or losses recognized within other noninterest income on the Consolidated Statements of Income for the years ended December 31:

(In thousands)	2023		2022
Interest Rate Lock Commitments	$	37	$	(93)
Forward Commitments	287		46
Total	$	324	$	(47)