Derivatives Hedging Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Interest Rate Swap Transactions

The Company presents derivative positions gross on the balance sheet for customers and net for financial institution counterparty positions subject to master netting arrangements. The fair value on the asset side was reduced by the margin call adjustment per the Company's netting arrangement in the amount of $6,330 as of December 31, 2024.

The following table reflects the derivatives recorded on the balance sheet as of December 31:

	2024					2023
	Notional Amount		Fair Value			Notional Amount		Fair Value
Swap assets
Interest rate swaps with loan customers in an asset position	$	68,621	$	1,169		$	44,773	$	2,114
Counterparty positions with financial institutions in an asset position		247,727		10,469			228,873		10,367
Total before netting adjustments				11,638					12,481
Netting adjustments - cash collateral posted by counterparties*				(6,330	)				—
Total Swap assets			$	5,308				$	12,481
Swap liabilities
Interest rate swaps with loan customers in a liability position	$	179,106	$	11,638		$	184,100	$	12,481
Counterparty positions with financial institutions in a liability position		—		—			—		—
Total before netting adjustments				11,638					12,481
Netting adjustments - cash collateral posted to counterparties**				—					—
Total Swap liabilities			$	11,638				$	12,481
*Cash collateral posted by counterparties represents the obligation to return cash collateral received from counterparties.
**Cash collateral posted to counterparties represents the right to reclaim cash collateral that was paid to counterparties.
Gross notional positions with customers	$	247,727				$	228,873
Gross notional positions with financial    institution counterparties	$	247,727				$	228,873

Summary of Gain or loss On Derivatives

The effect of swap fair value changes on the Consolidated Statement of Operations for the years ended December 31, 2024, 2023 and 2022 are as follows:

		Amount of Gain or (Loss) Recognized in Income on Derivatives
Derivative Not Designated as Hedging Instruments	Location of Gain or (Loss) Recognized in Income on Derivative	2024		2023		2022
Interest rate swaps related to customer loans	Other income	$	—	$	—	$	—
Total		$	—	$	—	$	—