v3.25.2
DERIVATIVES (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments
The Company presents derivative position gross on the balance sheet. The following reflects the fair value of derivatives recorded on the condensed consolidated balance sheets as of the periods noted:
As of June 30, 2025As of December 31, 2024
(dollars in thousands)
Notional AmountFair ValueNotional AmountFair Value
Included in other assets:
Derivatives designated as hedges:
Interest rate swaps – cash flow hedge$50,000 $37 $50,000 $129 
Derivatives not designated as hedging instruments:
Interest rate swaps related to customer loans65,325 1,011 70,353 931 
Total included in other assets$1,048 $1,060 
Included in other liabilities:
Derivatives not designated as hedging instruments:
Interest rate swaps related to customer loans$65,325 $1,037 $70,353 $956 
Total included in other liabilities$1,037 $956 
The effect of cash flow hedge accounting on accumulated OCI for the periods noted are as follows:
Three Months Ended June 30,
20252024
(dollars in thousands)Unrealized Gain (Loss) Recorded in OCI on DerivativeLocation of Gain (Loss) Reclassified from OCI into IncomeAmount of Gain (Loss) Reclassified from OCI into IncomeUnrealized Gain (Loss) Recorded in OCI on DerivativeLocation of Gain (Loss) Reclassified from OCI into IncomeAmount of Gain (Loss) Reclassified from OCI into Income
Interest rate contracts$6 $— $— $31 $— $— 
Six Months Ended June 30,
20252024
(dollars in thousands)Unrealized Gain (Loss) Recorded in OCI on DerivativeLocation of Gain (Loss) Reclassified from OCI into IncomeAmount of Gain (Loss) Reclassified from OCI into IncomeUnrealized Gain (Loss) Recorded in OCI on DerivativeLocation of Gain (Loss) Reclassified from OCI into IncomeAmount of Gain (Loss) Reclassified from OCI into Income
Interest rate contracts$(78)$— $— $405 $— $—