v3.26.1
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table reflects the estimated fair value of derivative instruments not designated as hedging instruments included in other assets and other liabilities on the consolidated balance sheets along with their respective notional amounts on a gross basis:
As of June 30, 2026As of December 31, 2025
Fair ValueFair Value
(dollars in thousands)Notional Amount Derivative Assets Derivative LiabilitiesNotional AmountDerivative AssetsDerivative Liabilities
Interest Rate Products$16,542 $3 $27 $16,542 $180 $191 
Total derivatives not designated as hedging instruments $3 $27 $180 $191 
Schedule of Derivatives Not Designated as Hedging Instruments
The table below presents the effect of the Company’s derivative financial instruments that are not designated as hedging instruments on the consolidated statements of income for each of the three and six months ended June 30, 2026 and 2025. The Company did not recognize other income related to client swaps in any of the three or six months ended June 30, 2026 and 2025.
Gain or (Loss) Recognized in Income on Derivative
Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)Location of Gain or (Loss) Recognized in Income on Derivative2026202520262025
Interest Rate Products (1)
Other non-interest income $(5)$4 $13 $(19)
Total$(5)$4 $13 $(19)
(1)Gain (loss) represents net fair value adjustments (including credit related adjustments) for client swaps.