Quarterly report [Sections 13 or 15(d)]

Derivative Financial Instruments (Tables)

v3.25.3
Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 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:
September 30, 2025
Asset derivatives Liability derivatives
(Dollars in thousands) Statement of Financial Condition classification Fair value Statement of Financial Condition classification Fair value
Interest rate swap contracts Other assets $ 4,086  Other liabilities $ 4,086 
Interest rate lock commitments Other assets 49  N/A - 
Total $ 4,135  $ 4,086 
December 31, 2024
Asset derivatives Liability derivatives
(Dollars in thousands) Statement of Financial Condition classification Fair value Statement of Financial Condition classification Fair value
Interest rate swap contracts Other assets $ 5,486  Other liabilities $ 5,486 
Interest rate lock commitments Other assets 24  N/A - 
Total $ 5,510  $ 5,486 
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 2025 2024
Interest rate swap contracts Fees and service charges $ 170  $ 179 
Interest rate lock commitments Gain on sale of loans held-for-sale, net (17) 65 
Total $ 153  $ 244 
Nine Months Ended September 30,
(Dollars in thousands) Statement of Income Classification 2025 2024
Interest rate swap contracts Fees and service charges $ 140  $ 149 
Interest rate lock commitments Gain on sale of loans held-for-sale, net (33) 66 
Total $ 107  $ 215 
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, 2025
Interest rate swap contracts $ 4,086  $ -  $ 4,086  $ -  $ 2,180  $ 1,906 
Interest rate lock commitments 49  -  49  -  -  49 
Total $ 4,135  $ -  $ 4,135  $ -  $ 2,180  $ 1,955 
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
September 30, 2025
Interest rate swap contracts $ 4,086  $ -  $ 4,086  $ -  $ -  $ 4,086 
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