v3.25.2
Interest Rate Swaps (Tables)
6 Months Ended
Jun. 30, 2025
Interest Rate Swaps [Abstract]  
Summary of Derivatives

(Amounts in thousands)

Notional Amount

Fair Value

June 30, 2025

December 31, 2024

Interest Rate Paid

Interest Rate Received

June 30, 2025

December 31, 2024

Customer interest rate swap

Maturing November, 2030

$

5,565

$

5,766

Term SOFR + Margin

Fixed

$

534

$

729

Maturing December, 2030

3,617

3,758

Term SOFR + Margin

Fixed

341

464

Total

$

9,182

$

9,524

$

875

$

1,193

Third party interest rate swap

Maturing November, 2030

$

5,565

$

5,766

Fixed

Term SOFR + Margin

$

534

$

729

Maturing December, 2030

3,617

3,758

Fixed

Term SOFR + Margin

341

464

Total

$

9,182

$

9,524

$

875

$

1,193

Fair Value of Derivative Instruments

(Amounts in thousands)

Assets

Liabilities

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

June 30, 2025

Interest rate derivatives

Other assets

$

875

Other liabilities

$

875

December 31, 2024

Interest rate derivatives

Other assets

1,193

Other liabilities

1,193