v3.26.1
Derivatives (Tables)
3 Months Ended
Mar. 31, 2026
Derivative [Line Items]  
Schedule of Derivative Instruments, Hedging Instruments on the Company's Consolidated Statements of Income

The following table presents the net effects of derivative hedging instruments on the Company's consolidated statements of income for the three months ended March 31, 2026 and 2025. The effects are presented as an increase to income before taxes in the relevant caption of the Company's consolidated statements of income.

 

 

 

In Thousands

 

 

 

Three Months Ended

 

 

 

March 31, 2026

 

 

March 31, 2025

 

Location in the Consolidated Statements of Income

 

 

 

 

 

 

Interest income: Interest and fees on loans

 

$

190

 

 

 

236

 

Net increase to income before taxes

 

$

190

 

 

 

236

 

Schedule of Amount and Fair Value of Mortgage Banking Derivatives

The following table reflects the amount and fair value of mortgage banking derivatives included in the consolidated balance sheet as of March 31, 2026 and December 31, 2025 (in thousands):

 

 

 

In Thousands

 

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

Notional
Amount

 

 

Fair
Value

 

 

Notional
Amount

 

 

Fair
Value

 

Included in other assets (liabilities):

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts for customers

 

$

7,653

 

 

 

157

 

 

$

4,496

 

 

 

106

 

Forward contracts related to mortgage loans
   held-for-sale

 

$

9,000

 

 

 

(8

)

 

$

5,750

 

 

 

(17

)

Mortgage Banking Derivatives [Member]  
Derivative [Line Items]  
Summary of Effects of Fair Value Hedge Relationships in Interest Income on Loans

The net gains (losses) relating to free-standing derivative instruments used for risk management is summarized below (in thousands):

 

 

 

In Thousands

 

 

 

March 31, 2026

 

 

March 31, 2025

 

Interest rate contracts for customers

 

$

51

 

 

 

126

 

Forward contracts related to mortgage loans held for sale
   and interest rate contracts

 

$

9

 

 

 

(42

)