v3.26.1
Note 12 - Derivative Financial Instruments - Schedule of Derivatives Instruments (Details) - Interest Rate Swap [Member] - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Notional [2] $ 361,564 [1] $ 373,845
Derivative Assets [3] 11,660 17,195
Derivative Liabilities [3] $ 11,660 $ 17,195
[1] At December 31, 2025 the Company had notional amounts of $180.8 million in interest rate swap contracts with customers and $180.8 million in offsetting interest rate swap contracts with other financial institutions. At December 31, 2024 the Company had notional amounts of $186.9 million in interest rate swap contracts with customers and $186.9 million in offsetting interest rate swap contracts with other financial institutions.
[2] At September 30, 2025 the Company had notional amounts of $183.1 million in interest rate swap contracts with customers and $183.1 million in offsetting interest rate swap contracts with other financial institutions. At December 31, 2024 the Company had notional amounts of $186.9 million in interest rate swap contracts with customers and $186.9 million in offsetting interest rate swap contracts with other financial institutions.
[3] Derivative assets and liabilities are reported at fair value in “Other assets” and “Accrued taxes and other liabilities,” respectively, in the accompanying consolidated balance sheets.