v3.26.1
Derivative Financial Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Interest Rate Swaps

(Dollars in thousands)

 

June 30, 2026

 

 

December 31, 2025

 

Notional amount

 

$

20,000

 

 

$

20,000

 

Fair value

 

$

346

 

 

$

157

 

Weighted average pay rate

 

 

2.89

%

 

 

2.89

%

Weighted average receive rate

 

 

3.64

%

 

 

4.10

%

Weighted average maturity in years

 

 

1.7

 

 

 

2.2

 

Number of contracts

 

 

1

 

 

 

1

 

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

 

 

For the three months ended June 30,

 

 

For the six months ended June 30,

 

(In thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Gain (loss) recognized in OCI

 

 

 

 

 

 

 

 

 

 

 

 

Gross of tax

 

$

87

 

 

$

(160

)

 

$

189

 

 

$

(493

)

Net of tax

 

 

63

 

 

 

(117

)

 

 

138

 

 

 

(359

)

Gain reclassified from AOCI into net income

 

 

 

 

 

 

 

 

 

 

 

 

Gross of tax

 

 

37

 

 

 

73

 

 

 

76

 

 

 

229

 

Net of tax

 

 

27

 

 

 

53

 

 

 

55

 

 

 

166