v3.25.2
Note 11 - Derivative and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
 

Asset Derivatives

 

Liability Derivatives

 
 

Balance Sheet

    

Balance Sheet

    
 

Location

 

Fair Value

 

Location

 

Fair Value

 

June 30, 2025

(in thousands)

 

Derivatives designated as hedging instruments

          

Interest rate swaps

Other assets

 $3 

Other liabilities

 $(1,693)

Total

  $3   $(1,693)

December 31, 2024

          

Derivatives designated as hedging instruments

          

Interest rate swaps

Other assets

 $557 

Other liabilities

 $(173)

Total

  $557   $(173)
Derivative Instruments, Gain (Loss) [Table Text Block]
  

Three Months Ended

  

Three Months Ended

  

Six Months Ended

  

Six Months Ended

 
  

June 30, 2025

  

June 30, 2024

  

June 30, 2025

  

June 30, 2024

 
  

(in thousands)

    

Interest rate swaps

                

Amount of (loss) gain recognized in OCI on derivatives

 $(933) $(35) $(2,074) $598 

Gain reclassified from OCI into interest expense

 $145  $227  $241  $378 
Interest Rate Swap [Member]  
Notes Tables  
Schedule of Interest Rate Derivatives [Table Text Block]
  

As of June 30, 2025

  

As of December 31, 2024

 
  

(Dollars in thousands)

 

Notional amount

 $120,000  $60,000 

Weighted-average pay rate

  3.79%  3.80%

Weighted-average receive rate

  4.29%  4.49%

Weighted-average maturity in years

  3.74   3.74