Annual report [Section 13 and 15(d), not S-K Item 405]

Derivative Financial Instruments (Tables)

v3.26.1
Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives Not Designated as Hedging Instruments
The following table shows the amounts of non-hedging derivative financial instruments:
December 31, 2025
Asset derivatives Liability derivatives
(Dollars in thousands) Notional or
contractural amount		 Statement of Financial Condition classification Fair value Statement of Financial Condition classification Fair value
Interest rate swap contracts $ 96,275  Other assets $ 3,641  Other liabilities $ 3,641 
Interest rate lock commitments 2,939  Other assets 50  N/A - 
Total $ 99,214  $ 3,691  $ 3,641 
December 31, 2024
Asset derivatives Liability derivatives
(Dollars in thousands) Notional or
contractural amount		 Statement of Financial Condition classification Fair value Statement of Financial Condition classification Fair value
Interest rate swap contracts $ 89,964  Other assets $ 5,486  Other liabilities $ 5,486 
Interest rate lock commitments 1,426  Other assets 24  N/A - 
Total $ 91,390  $ 5,510  $ 5,486 
The following table shows the amounts included in the Statements of Income for non-hedging derivative financial instruments:
Year Ended December 31,
(Dollars in thousands) Statement of Income Classification 2025 2024
Interest rate swap contracts Fees and service charges $ 199  $ 276 
Interest rate lock commitments Gain on sale of loans held-for-sale, net (33) 47 
Total $ 166  $ 323 
Schedule of Offsetting Assets
The following table shows the offsetting of financial assets and derivative assets:
Gross Amounts not Offset in the
Statement of Financial Condition
(Dollars in thousands) Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial
Condition		 Net Amounts of Assets Presented in the Statement of Financial
Condition		 Financial Instruments Cash Collateral Received Net Amount
December 31, 2025
Interest rate swap contracts $ 3,641  $ -  $ 3,641  $ -  $ 1,900  $ 1,741 
Interest rate lock commitments 50  -  50  -  -  50 
Total $ 3,691  $ -  $ 3,691  $ -  $ 1,900  $ 1,791 
Gross Amounts not Offset in the
Statement of Financial Condition
(Dollars in thousands) Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial
Condition		 Net Amounts of Assets Presented in the Statement of Financial
Condition		 Financial Instruments Cash Collateral Received Net Amount
December 31, 2024
Interest rate swap contracts $ 5,486  $ -  $ 5,486  $ -  $ 5,120  $ 366 
Interest rate lock commitments 82  -  82  -  -  82 
Total $ 5,568  $ -  $ 5,568  $ -  $ 5,120  $ 448 
Schedule of Offsetting Liabilities
The following table shows the offsetting of financial liabilities and derivative liabilities:
Gross Amounts not Offset in the
Statement of Financial Condition
(Dollars in thousands) Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial
Condition		 Net Amounts of Assets Presented in the Statement of Financial
Condition		 Financial Instruments Cash Collateral Pledged Net Amount
December 31, 2025
Interest rate swap contracts $ 3,641  $ -  $ 3,641  $ -  $ -  $ 3,641 
Gross Amounts not Offset in the
Statement of Financial Condition
(Dollars in thousands) Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial
Condition		 Net Amounts of Assets Presented in the Statement of Financial
Condition		 Financial Instruments Cash Collateral Pledged Net Amount
December 31, 2024
Interest rate swap contracts $ 5,486  $ -  $ 5,486  $ -  $ -  $ 5,486