| Schedule of Derivative Instruments |
The details of the Bank's swap agreements are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | December 31, 2024 | | Effective Date | Maturity Date | Variable Index Received | Fixed Rate Paid | Presentation on Consolidated Balance Sheets | 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 | | $ | — | | $ | 75,000,000 | | $ | 198,000 | | | | | | | $ | 75,000,000 | | $ | — | | $ | 75,000,000 | | $ | 198,000 | | | Fair Value Hedges | | 03/08/2023 | 03/01/2026 | USD-SOFR-OIS COMPOUND | 4.712% | Other Liabilities | $ | — | | $ | — | | $ | 40,000,000 | | $ | (270,000) | | | 03/08/2023 | 03/01/2027 | USD-SOFR-OIS COMPOUND | 4.402% | Other Liabilities | 30,000,000 | | (352,000) | | 30,000,000 | | (216,000) | | | 03/08/2023 | 03/01/2028 | USD-SOFR-OIS COMPOUND | 4.189% | Other Liabilities | 30,000,000 | | (558,000) | | 30,000,000 | | (137,000) | | | 07/12/2023 | 08/01/2025 | USD-SOFR-OIS COMPOUND | 4.703% | Other Liabilities | — | | — | | 50,000,000 | | (135,000) | | | | | | | $ | 60,000,000 | | $ | (910,000) | | $ | 150,000,000 | | $ | (758,000) | | | Total swap agreements | $ | 135,000,000 | | $ | (910,000) | | $ | 225,000,000 | | $ | (560,000) | |
The details of the Bank's cap agreements are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | December 31, 2024 | | Effective Date | Maturity Date | Variable Index Received | Fixed Rate Paid | Presentation on Consolidated Balance Sheets | Notional Amount | Fair Value | Notional Amount | Fair Value | | Fair Value Hedges | | 07/01/2025 | 07/01/2028 | USD-SOFR-OIS COMPOUND | 4.050 | % | Other Assets | $ | 50,000,000 | | $ | 100,000 | | $ | — | | $ | — | | | 07/01/2025 | 07/01/2028 | USD-SOFR-OIS COMPOUND | 4.550 | % | Other Assets | 50,000,000 | | 54,000 | | $ | — | | $ | — | | | Total cap agreements | $ | 100,000,000 | | $ | 154,000 | | $ | — | | $ | — | |
At December 31, 2025 there were 18 customer loan swap arrangements in place. This compares to 10 customer loan swap arrangements in place at December 31, 2024. The details of the Bank's customer loan swap arrangements are detailed below: | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | December 31, 2024 | | Presentation on Consolidated Balance Sheets | Number of Positions | Notional Amount | Fair Value | Number of Positions | Notional Amount | Fair Value | | Pay Fixed, Receive Variable | Other Assets | 6 | $ | 33,506,000 | | $ | 3,551,000 | | 8 | $ | 43,415,000 | | $ | 4,772,000 | | | Pay Fixed, Receive Variable | Other Liabilities | 12 | 51,139,000 | | (757,000) | | 2 | 4,342,000 | | (87,000) | | | | 18 | 84,645,000 | | 2,794,000 | | 10 | 47,757,000 | | 4,685,000 | | | Receive Fixed, Pay Variable | Other Assets | 12 | 51,139,000 | | 757,000 | | 2 | 4,342,000 | | 87,000 | | | Receive Fixed, Pay Variable | Other Liabilities | 6 | 33,506,000 | | (3,551,000) | | 8 | 43,415,000 | | (4,772,000) | | | | 18 | 84,645,000 | | (2,794,000) | | 10 | 47,757,000 | | (4,685,000) | | | Total customer loan agreements | | 36 | $ | 169,290,000 | | $ | — | | 20 | $ | 95,514,000 | | $ | — | |
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