Quarterly report [Sections 13 or 15(d)]

Derivative Financial Instruments (Tables)

v3.26.3
Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2026
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:
September 30, 2026
Asset derivatives Liability derivatives
(Dollars in thousands) Notional or contractual amount Statement of Financial Condition classification Fair value Statement of Financial Condition classification Fair value
Interest rate swap contracts $ 103,786  Other assets $ 5,701  Other liabilities $ 5,701 
Interest rate lock commitments 2,379  Other assets 40  N/A - 
Total $ 106,165  $ 5,741  $ 5,701 
December 31, 2025
Asset derivatives Liability derivatives
(Dollars in thousands) Notional or contractual 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 
The following table shows the amounts included in the Statements of Income for non-hedging derivative financial instruments:
Three Months Ended September 30,
(Dollars in thousands) Statement of Income Classification 2026 2025
Interest rate swap contracts Fees and service charges $ 5  $ 170 
Interest rate lock commitments Gain on sale of loans held-for-sale, net (24) (17)
Total $ (19) $ 153 
Nine Months Ended September 30,
(Dollars in thousands) Statement of Income Classification 2026 2025
Interest rate swap contracts Fees and service charges $ 86  $ 140 
Interest rate lock commitments Gain (loss) on sale of loans held-for-sale, net (9) (33)
Total $ 77  $ 107 
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
September 30, 2026
Interest rate swap contracts $ 5,701  $ -  $ 5,701  $ -  $ 5,380  $ 321 
Interest rate lock commitments 40  -  40  -  -  40 
Total $ 5,741  $ -  $ 5,741  $ -  $ 5,380  $ 361 
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 
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 Liabilities Presented in the Statement of Financial
Condition		 Financial Instruments Cash Collateral Pledged Net Amount
September 30, 2026
Interest rate swap contracts $ 5,701  $ -  $ 5,701  $ -  $ -  $ 5,701 
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 Liabilities 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