v3.25.2
Derivative Financial Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2025
Derivative Financial Instruments and Hedging Activities  
Summary of Interest Rate Swaps

(Dollars in thousands)

    

June 30, 2025

    

December 31, 2024

 

Notional amount

$

20,000

$

20,000

Fair value

$

246

$

139

Weighted average pay rate

 

2.89

%  

 

0.83

%

Weighted average receive rate

 

4.34

%  

 

5.12

%

Weighted average maturity in years

 

2.70

 

0.19

Number of contracts

 

1

 

1

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

For the three months ended June 30, 

For the six months ended June 30, 

(In thousands)

 

2025

 

2024

2025

 

2024

Loss recognized in OCI

    

Gross of tax

    

$

(160)

    

$

(191)

$

(493)

$

(304)

Net of tax

(117)

(139)

(359)

(220)

Gain reclassified from AOCI into net income

Gross of tax

73

238

229

476

Net of tax

53

    

168

166

    

338