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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2023
Derivative Financial Instruments  
Schedule of key elements of derivative instruments other than forward sales of mortgage loans

December 31, 2023

 

    

Notional

    

    

    

 

(Dollars in thousands)

Amount

Assets

Liabilities

 

Cash flow hedges:

Interest rate swap contracts

$

25,000

$

1,415

$

Not designated as hedges:

 

 

 

Customer-related interest rate swap contracts:

 

 

 

Matched interest rate swaps with borrower

 

109,638

 

1,611

 

4,499

Matched interest rate swaps with counterparty

109,638

4,499

1,611

Mortgage banking contracts:

IRLCs

26,152

335

December 31, 2022

    

Notional

    

    

    

(Dollars in thousands)

Amount

Assets

Liabilities

Cash flow hedges:

Interest rate swap contracts

$

25,000

$

1,941

$

Not designated as hedges:

 

 

Customer-related interest rate swap contracts:

 

 

 

Matched interest rate swaps with borrower

 

85,856

 

 

6,328

Matched interest rate swaps with counterparty

85,856

6,328

Mortgage banking contracts:

IRLCs

42,284

391