v3.25.2
Derivatives (Tables)
6 Months Ended
Jun. 30, 2025
Derivative [Line Items]  
Schedule of Derivative Instruments, Hedging Instruments on the Company's Consolidated Statements of Income

The following table presents the net effects of derivative hedging instruments on the Company's consolidated statements of income for the three and six months ended June 30, 2025 and 2024. The effects are presented as an increase to income before taxes in the relevant caption of the Company's consolidated statements of income.

 

 

 

In Thousands

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2025

 

 

June 30, 2024

 

 

June 30, 2025

 

 

June 30, 2024

 

Location in the Consolidated Statements of Income

 

 

 

 

 

 

 

 

 

 

 

 

Interest income: Interest and fees on loans

 

$

224

 

 

 

271

 

 

$

460

 

 

 

652

 

Net increase to income before taxes

 

$

224

 

 

 

271

 

 

$

460

 

 

 

652

 

Schedule of Amount and Fair Value of Mortgage Banking Derivatives

The following table reflects the amount and fair value of mortgage banking derivatives included in the consolidated balance sheet as of June 30, 2025 and December 31, 2024 (in thousands):

 

 

 

In Thousands

 

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

Notional
Amount

 

 

Fair
Value

 

 

Notional
Amount

 

 

Fair
Value

 

Included in other assets (liabilities):

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts for customers

 

$

4,079

 

 

 

97

 

 

$

1,680

 

 

 

34

 

Forward contracts related to mortgage loans
   held-for-sale

 

$

7,500

 

 

 

(35

)

 

$

3,250

 

 

 

27

 

Mortgage Banking Derivatives [Member]  
Derivative [Line Items]  
Summary of Effects of Fair Value Hedge Relationships in Interest Income on Loans

The net gains (losses) relating to free-standing derivative instruments used for risk management is summarized below (in thousands):

 

 

 

In Thousands

 

 

 

June 30, 2025

 

 

June 30, 2024

 

Interest rate contracts for customers

 

$

63

 

 

$

(16

)

Forward contracts related to mortgage loans held for sale
   and interest rate contracts

 

$

(62

)

 

$

27