The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Statement of Financial Condition. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | | | Derivative Assets(1) | | Derivative Liabilities(1) | | Derivative Assets(1) | | Derivative Liabilities(1) | | (dollars in thousands) | | Notional Amount | | Fair Value | | Notional Amount | | Fair Value | | Notional Amount | | Fair Value | | Notional Amount | | Fair Value | | Derivatives designated as hedging instruments: | | | | | | | | | | | | | | | | | | Interest rate swaps - variable rate liabilities | | $ | 60,000 | | | $ | 1,056 | | | $ | 20,000 | | | $ | 19 | | | $ | 80,000 | | | $ | 3,241 | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | | | | Derivatives not designated as hedging instruments: | | | | | | | | | | | | | | | | | Interest rate contracts | | 9,000 | | | 255 | | | 9,000 | | | 275 | | | 9,000 | | | 26 | | | 9,000 | | | 42 | | | Risk participation agreements | | — | | | — | | | 11,293 | | | — | | | — | | | — | | | 11,550 | | | — | | | | | | | | | | | | | | | | | | | | Netting adjustments | | | | — | | | | | — | | | | | — | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net derivative amounts | | | | $ | 1,311 | | | | | $ | 294 | | | | | $ | 3,267 | | | | | $ | 42 | |
(1)Derivative assets and liabilities are reported at fair value in accrued interest receivable and other assets and accrued interest payable and other liabilities, respectively, in the Consolidated Statements of Financial Condition.
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