v3.25.1
Derivatives and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives, Fair Value and Classification
The tables below present a summary of the Company's derivative financial instruments, notional amounts and fair values at the periods presented:
March 31, 2025
(Dollars in thousands)Asset Notional Amount
Asset Derivatives(1)(2)
Liability Notional Amount
Liability Derivatives(1)(2)
Derivatives designated as hedging instruments
Interest-rate contracts - pay fixed, receive floating$25,000 $1 $75,000 $207 
Total derivatives designated as hedging instruments $25,000 $1 $75,000 $207 
Derivatives not subject to hedge accounting
Interest-rate contracts - pay floating, receive fixed$— $— $3,168 $260 
Interest-rate contracts - pay fixed, receive floating3,168 260 — — 
Risk participation agreements sold— — 46,236 30 
Total derivatives not subject to hedge accounting $3,168 $260 $49,404 $290 

December 31, 2024
(Dollars in thousands)Asset Notional Amount
Asset Derivatives(1)(2)
Liability Notional Amount
Liability Derivatives(1)(2)
Derivatives designated as hedging instruments
Interest-rate contracts - pay fixed, receive floating$— $— $100,000 $336 
Total derivatives designated as hedging instruments$— $— $100,000 $336 
Derivatives not subject to hedge accounting
Interest-rate contracts - pay floating, receive fixed$— $— $3,212 $321 
Interest-rate contracts - pay fixed, receive floating3,212 321 — — 
Risk participation agreements sold— — 46,387 25 
Total derivatives not subject to hedge accounting $3,212 $321 $49,599 $346 
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(1) Accrued interest balances related to the Company's interest-rate swaps are not included in the fair values above and are immaterial.
(2) The assets and liabilities related to the pay fixed, receive floating interest-rate contracts are subject to a master netting agreement and are presented net in the Company's Consolidated Balance Sheet.
Schedule of Derivative Assets at Fair Value
The table below presents the carrying amount of hedged items and cumulative fair value hedging basis adjustments for the periods presented:
March 31, 2025December 31, 2024
(Dollars in thousands)Balance Sheet Location of Hedged ItemCarrying Amount of Hedged AssetsCumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged AssetsCarrying Amount of Hedged AssetsCumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets
Interest-rate contracts - loansLoans$100,168 $168 $100,305 $305 

The table below presents the gains (losses) from interest rate derivatives accounted for as fair value hedges and the related hedged items during the periods indicated:
Three months ended
(Dollars in thousands)Affected Income Statement Line ItemMarch 31,
2025		March 31,
2024
Derivatives designated as fair value hedges:
Fair value adjustments on derivativesNet interest income$130 $782 
Fair value adjustments on hedged instrumentNet interest income(137)(797)
Total$(7)$(15)