v3.25.1
Note 7 - Derivatives (Tables)
3 Months Ended
Mar. 31, 2025
Notes Tables  
Schedule of Interest Rate Derivatives [Table Text Block]
  

March 31,

 
  2025 

Notional amount

 

$300 million

 

Fixed pay rate

 

3.82%

 

Overnight SOFR receive rate

 

4.41%

 

Maturity

 0.96 years 
Schedule of Derivative Assets at Fair Value [Table Text Block]
    
  March 31,  December 31, 

(in thousands)

 

2025

  

2024

 

Loans - Residential Mortgages:

        

Carrying amount of the hedged asset (1)

 $436,422  $440,755 

Fair value hedging adjustment included in the carrying amount of the hedged asset

  58   (525)
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
  March 31, 2025 
      

Notional

  

Fair Value

  

Fair Value

 

(in thousands)

 

Positions

  

Amount

  

Asset

  

Liabilities

 

Derivatives not designated as hedging instruments included in other assets / other liabilities:

                

Interest rate swap with borrower

  3  $36,373  $574  $ 

Interest rate swap with offsetting counterparty

  3  $36,373  $  $574 
    
  

December 31, 2024

 

Derivatives not designated as hedging instruments included in other assets / other liabilities:

                

Interest rate swap with borrower

  3  $36,523  $395  $ 

Interest rate swap with offsetting counterparty

  3  $36,523  $  $395