v3.26.1
DERIVATIVES (Tables)
3 Months Ended
Mar. 31, 2026
Mortgage Banking [Member]  
DERIVATIVES [Abstract]  
Net Gains (Losses) Relating to Derivative Instruments
The net gains (losses) relating to free standing derivative instruments used for risk management are summarized below for the periods indicated (dollars in thousands):

          
Three Months Ended
 
          
March 31,
 

  Location    2026        2025  
Gain (loss) on mortgage banking derivatives
 
Net gain on sales of loans
 
$
192
   
$
83
 
Fair Value of Derivatives in Consolidated Balance Sheets
The following table reflects the amount and fair value of mortgage banking derivatives in the Consolidated Balance Sheets at the dates indicated (dollars in thousands):

   
March 31, 2026
   
December 31, 2025
 
   
Notional
Amount
   
Fair
Value
   
Notional
Amount
   
Fair
Value
 
Included in other assets:
                       
Forward contracts related to mortgage loans held for sale
 
$
18,125
   
$
67
   
$
   
$
 
Interest rate lock commitments
   
24,856
     
403
     
16,127
     
216
 
                                 
Included in other liabilities:
                               
Forward contracts related to mortgage loans held for sale
 
$
4,641
   
$
127
   
$
15,746
   
$
65
 
Fair Value Hedging [Member]  
DERIVATIVES [Abstract]  
Fair Value of Derivatives in Consolidated Balance Sheets
The following table reflects the fair value hedges included in the Consolidated Balance Sheets at the dates indicated (dollars in thousands):


   
March 31, 2026
   
December 31, 2025
 
   
Notional
Amount
   
Fair
Value
   
Notional
Amount
   
Fair
Value
 
Included in other liabilities:
                       
Interest rate swaps related to fixed rate loans
 
$
   
$
   
$
   
$
 
Interest rate swaps related to state and municipal securities
   
     
     
     
 
Included in other assets:
                               
Interest rate swaps related to fixed rate loans
 
$
2,006
   
$
24
   
$
2,030
   
$
24
 
Interest rate swaps related to state and municipal securities
   
116,810
     
9,666
     
117,860
     
9,730
 
Fair Value Hedging [Member] | Interest Rate Contracts [Member]  
DERIVATIVES [Abstract]  
Net Gains (Losses) Relating to Derivative Instruments
The following table reflects the changes in fair value hedges included in the Consolidated Statements of Comprehensive Income for the periods indicated (dollars in thousands):

        
Three Months Ended
 
        
March 31,
 
Interest Rate Contracts
 
Location
 
2026
   
2025
 
Change in fair value of interest rate swaps hedging investment securities
 
Other noninterest expense
 
$
(64
)
 
$
(2,436
)
Change in fair value of hedged investment securities
 
Other noninterest expense
   
26
     
2,252
 
Change in fair value of interest rate swaps hedging fixed rate loans
 
Interest income - loans
   
     
(59
)
Change in fair value of hedged fixed rate loans
 
Interest income - loans
   
     
71