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Derivatives (Tables)
3 Months Ended
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summarize Key Elements of Derivative Instruments

The following table summarize key elements of the Company's derivative instruments at March 31, 2024 and December 31, 2023.

 

 

March 31, 2024

 

 

 

Notional Amount

 

 

Assets

 

 

Liabilities

 

 

 

(in thousands)

 

Customer-related interest rate swap contracts:

 

 

 

 

 

 

 

 

 

Matched interest rate swaps with borrower

 

$

40,815

 

 

$

1,234

 

 

$

279

 

Matched interest rate swaps with counterparty

 

 

40,815

 

 

 

279

 

 

 

1,234

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

 

 

Notional Amount

 

 

Assets

 

 

Liabilities

 

 

 

(in thousands)

 

Customer-related interest rate swap contracts:

 

 

 

 

 

 

 

 

 

Matched interest rate swaps with borrower

 

$

41,051

 

 

$

844

 

 

$

621

 

Matched interest rate swaps with counterparty

 

 

41,051

 

 

 

621

 

 

 

844