| Summary of Interest Rate Swap Transactions |
The following table reflects the derivative instruments not designated as hedging instruments recorded on the Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025:
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March 31, 2026 |
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December 31, 2025 |
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Notional
Amount |
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Fair Value |
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Notional
Amount |
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Fair Value |
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Included in Swap assets: |
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Interest rate swaps with loan customers in an
asset position |
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$ |
111,766 |
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$ |
2,053 |
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$ |
114,463 |
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$ |
2,792 |
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Counterparty positions with financial institutions
in an asset position |
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239,831 |
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3,800 |
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244,495 |
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2,882 |
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Total before netting adjustments |
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5,853 |
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5,674 |
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Netting adjustments - cash collateral posted by counterparties* |
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(3,360 |
) |
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(2,180 |
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Total Swap assets |
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$ |
2,493 |
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$ |
3,494 |
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Included in Swap liabilities: |
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Interest rate swaps with loan customers in a
liability position |
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$ |
128,065 |
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$ |
5,853 |
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$ |
130,032 |
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$ |
5,674 |
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Counterparty positions with financial institutions
in a liability position |
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— |
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— |
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— |
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— |
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Total before netting adjustments |
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5,853 |
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5,674 |
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Netting adjustments - cash collateral posted to counterparties** |
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— |
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— |
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Total Swap liabilities |
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$ |
5,853 |
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$ |
5,674 |
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*Cash collateral posted by counterparties represents the obligation to return cash collateral received from counterparties. |
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**Cash collateral posted to counterparties represents the right to reclaim cash collateral that was paid to counterparties. |
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Gross notional positions with customers |
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$ |
239,831 |
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$ |
244,495 |
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Gross notional positions with financial institution
counterparties |
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$ |
239,831 |
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$ |
244,495 |
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