| Schedule of Derivative Instruments |
The details of the Bank's swap agreements are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | December 31, 2024 | June 30, 2024 | | Effective Date | Maturity Date | Variable Index Received | Fixed Rate Paid | Presentation on Consolidated Balance Sheets | Notional Amount | Fair Value | Notional Amount | Fair Value | Notional Amount | Fair Value | | Cash Flow Hedges | | 01/10/2023 | 01/01/2026 | USD-SOFR-OIS COMPOUND | 3.836% | Other Assets | $ | 75,000,000 | | $ | 106,000 | | $ | 75,000,000 | | $ | 198,000 | | $ | 75,000,000 | | $ | 928,000 | | | | | | | $ | 75,000,000 | | $ | 106,000 | | $ | 75,000,000 | | $ | 198,000 | | $ | 75,000,000 | | $ | 928,000 | | | Fair Value Hedges | | 03/08/2023 | 03/01/2026 | USD-SOFR-OIS COMPOUND | 4.712% | Other Liabilities | $ | — | | $ | — | | $ | 40,000,000 | | $ | (270,000) | | $ | 40,000,000 | | $ | (24,000) | | | 03/08/2023 | 03/01/2027 | USD-SOFR-OIS COMPOUND | 4.402% | Other Liabilities | 30,000,000 | | (404,000) | | 30,000,000 | | (216,000) | | 30,000,000 | | (32,000) | | | 03/08/2023 | 03/01/2028 | USD-SOFR-OIS COMPOUND | 4.189% | Other Liabilities | 30,000,000 | | (590,000) | | 30,000,000 | | (137,000) | | 30,000,000 | | (11,000) | | | 07/12/2023 | 08/01/2025 | USD-SOFR-OIS COMPOUND | 4.703% | Other (Liabilities) Assets | 50,000,000 | | (9,000) | | 50,000,000 | | (135,000) | | 50,000,000 | | 135,000 | | | | | | | $ | 110,000,000 | | $ | (1,003,000) | | $ | 150,000,000 | | $ | (758,000) | | $ | 150,000,000 | | $ | 68,000 | | | Total swap agreements | $ | 185,000,000 | | $ | (897,000) | | $ | 225,000,000 | | $ | (560,000) | | $ | 225,000,000 | | $ | 996,000 | |
t June 30, 2025 there were 12 customer loan swap arrangements in place. This compares to 10 customer loan swap arrangements in place at December 31, 2024 and eight customer loan swap arrangements in place at June 30, 2024. The details of the Bank's customer loan swap arrangements are detailed below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | December 31, 2024 | June 30, 2024 | | Presentation on Consolidated Balance Sheet | Number of Positions | Notional Amount | Fair Value | Number of Positions | Notional Amount | Fair Value | Number of Positions | Notional Amount | Fair Value | | Pay Fixed, Receive Variable | Other Assets | 6 | $ | 34,105,000 | | $ | 3,707,000 | | 8 | $ | 43,415,000 | | $ | 4,772,000 | | 7 | | $ | 40,290,000 | | $ | 4,851,000 | | | Pay Fixed, Receive Variable | Other Liabilities | 6 | 23,618,000 | | (611,000) | | 2 | 4,342,000 | | (87,000) | | 1 | | 2,662,000 | | (61,000) | | | | 12 | 57,723,000 | | 3,096,000 | | 10 | 47,757,000 | | 4,685,000 | | 8 | | 42,952,000 | | 4,790,000 | | | Receive Fixed, Pay Variable | Other Assets | 6 | 23,618,000 | | 611,000 | | 2 | 4,342,000 | | 87,000 | | 1 | | 2,662,000 | | 61,000 | | | Receive Fixed, Pay Variable | Other Liabilities | 6 | 34,105,000 | | (3,707,000) | | 8 | 43,415,000 | | (4,772,000) | | 7 | | 40,290,000 | | (4,851,000) | | | | 12 | 57,723,000 | | (3,096,000) | | 10 | 47,757,000 | | (4,685,000) | | 8 | | 42,952,000 | | (4,790,000) | | | Total | | 24 | $ | 115,446,000 | | $ | — | | 20 | $ | 95,514,000 | | $ | — | | 16 | | $ | 85,904,000 | | $ | — | |
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