Derivative and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivatives Instruments in Balance Sheet Location

The table below presents the fair value of derivative financial instruments as well as the classification within the consolidated statements of financial condition:


	March 31, 2026					December 31, 2025
(Dollars in thousands)	Balance Sheet Location	Fair Value				Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Interest rate contracts	Other Assets	$	409			Other Assets	$	8,446
Interest rate contracts	Other Liabilities	$	-			Other Liabilities	$	-

The table below presents the notional and fair value of these derivative instruments as of March 31, 2026 and December 31, 2025:


	March 31, 2026
(Dollars in thousands)	Notional Amount			Balance Sheet Location	Fair Value
Derivative assets
Interest rate swaps	$	93,704		Other Assets	$	1,119
Derivative liabilities
Interest rate swaps	$	93,704		Other Liabilities	$	1,127

	December 31, 2025
(Dollars in thousands)	Notional Amount			Balance Sheet Location	Fair Value
Derivative assets
Interest rate swaps	$	101,508		Other Assets	$	1,815
Derivative liabilities
Interest rate swaps	$	101,508		Other Liabilities	$	1,826

Location and Amount of Gain (Loss) in Income on Fair Value and Cash Flow Hedging Relationships

The table below presents the effect of fair value and cash flow hedge accounting on the consolidated statements of operations for the periods presented:


	Location and Amount of Gain or (Loss)
	Recognized in Income on Fair Value and Cash Flow Hedging Relationships
	Three months ended March 31, 2026							Three months ended March 31, 2025
(Dollars in thousands)	Interest Income			Interest Expense				Interest Income			Interest Expense
Total amounts of income and expense line items presented in the consolidated statements of income in which the effects of fair value or cash flow hedges are recorded	$	43		$	411			$	550		$	750

Gain or (loss) on fair value hedging relationships:
Interest rate contracts:
Hedged items	$	(128	)	$	-			$	4,578		$	-
Derivatives designated as hedging instruments	$	128		$	-			$	(4,534	)	$	-
Amount excluded from effectiveness testing recognized in earnings based on amortization approach	$	-		$	-			$	-		$	-

Gain or (loss) on cash flow hedging relationships:
Interest rate contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income	$	-		$	191			$	-		$	-
Amount excluded from effectiveness testing recognized in earnings based on amortization approach	$	-		$	-			$	73		$	-

Schedule of Cumulative Basis Adjustments on Hedged Items Designated as Fair Value Hedges and Related Amortized Cost

The table below presents the cumulative basis adjustments on hedged items designated as fair value hedges and the related amortized cost of those items as of the periods presented:


				March 31, 2026
				Cumulative amount of Fair
(Dollars in thousands)				Value Hedging Adjustment
Line Item in the Statement of				included in the carrying
Financial Position in which the	Amortized cost of the			amount of the Hedged
Hedged Item is included	Hedged Assets/(Liabilities)			Assets/(Liabilities)

Securities available for sale	$	38,886		$	(415	)