v3.25.4
Derivatives and Hedging Activities (Tables)
6 Months Ended
Dec. 31, 2025
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Fair value of the Company's Derivative Financial Instrument The following table reflects the Company’s derivative position for an interest rate swap which qualifies as fair value hedges for accounting purposes as of December 31, 2025:

 

 

 

 

 

 

Weighted Average Rate

 

 

 

 

 

Notional Amount

 

 

Weighted Average Maturity

 

Fixed Rate Paid

 

 

Current SOFR Rate Received

 

 

Fair Value

 

 

(in thousands)

 

 

(in years)

 

 

 

 

 

 

 

(in thousands)

 

Interest rate swap on investments

 

 

9,583

 

 

7.9 yrs

 

 

3.74

%

 

 

3.82

%

 

$

118

 

The table below presents the fair value of the Company’s derivative financial instrument, as well as the classification on the Consolidated Balance Sheet as of December 31, 2025:

 

 

Asset Derivatives

 

 

Liability Derivatives

 

 

Balance Sheet

 

Fair Value at

 

 

Balance Sheet

 

Fair Value at

 

 

Location

 

December 31, 2025

 

 

Location

 

December 31, 2025

 

 

(in thousands)

 

Interest rate swap on investments

 

Securities

 

$

118

 

 

Other Liabilities

 

$

118