v3.26.1
Derivatives Not Designated as Hedges
3 Months Ended
Mar. 31, 2026
Derivatives Not Designated as Hedges [Abstract]  
Derivatives Not Designated as Hedges

Note 13. Derivatives Not Designated as Hedges

 

The Company enters into interest rate swaps with certain loan customers. The Company then enters into corresponding offsetting derivatives with third parties, which results in offsetting revenues and expenses within interest income. While these derivatives represent economic hedges, they do not qualify as hedges for accounting purposes.

 

The Company presents derivative positions gross on its consolidated balance sheets. The derivatives recorded on the consolidated balance sheets as of March 31, 2026 and December 31, 2025, were as follows:

 

   March 31, 2026   December 31, 2025 
   Notional   Fair   Notional   Fair 
   amount   value   amount   value 
Included in other assets:                
Interest rate swaps related to customer loans  $264,862,989   $14,508,980   $268,822,286   $14,130,763 
                     
Included in other liabilities:                    
Interest rate swaps related to customer loans  $264,862,989   $14,508,980   $268,822,286   $14,130,763