v3.25.4
DERIVATIVES AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
The tables below present the fair value of our derivative financial instruments designated as hedging and non-hedging instruments as well as our classification on the balance sheet as of December 31, 2025 and December 31, 2024.

The tables below present the fair value of our derivative financial instruments designated as hedging and non-hedging instruments as well as our classification on the balance sheet as of December 31, 2025 and December 31, 2024.

 

December 31, 2025  Asset Derivatives  Liability Derivatives
   Balance Sheet Location  Fair Value   Balance Sheet Location  Fair Value 
   (Dollars in thousands)
    
Derivatives not designated as hedging instruments:   
Interest rate swap – with customer counterparties     $821      $4,142 
Interest rate swap – with dealer counterparties      4,142       821 
Total derivatives  Other Assets  $4,963   Other Liabilities  $4,963 

 

December 31, 2024  Asset Derivatives  Liability Derivatives
   Balance Sheet Location  Fair Value   Balance Sheet Location  Fair Value 
   (Dollars in thousands)
    
Derivatives not designated as hedging instruments:   
Interest rate swap – with customer counterparties     $—      $5,883 
Interest rate swap – with dealer counterparties      5,883       — 
Total derivatives  Other Assets  $5,883   Other Liabilities  $5,883 

 
The table below presents the effect of the Company’s derivative financial instruments on the statements of net income for the years ended December 31, 2024 and 2023.

The table below presents the effect of the Company’s derivative financial instruments on the statements of net income for the years ended December 31, 2024 and 2023. There were no gains or losses on fair value hedging relationships recorded through interest income for the year ended December 31, 2025.

 

         
     Location and Amount of Gain (Loss) Recognized in Income on Fair Value Hedging Relationships 
   Year Ended December 31, 
   2024   2023 
   (Dollars in thousands) 
         
Balance sheet location  Interest Income   Interest Income 
Total amounts of income line items presented in the statements of net income in which the effects of fair value hedges are recorded  $1,398   $1,085 
           
Gain (loss) on fair value hedging relationships          
Interest rate contracts:          
Hedged items  $607   $(607)
Derivatives designated as hedging instruments   791    1,692