​

Three Months Ended

​

Six Months Ended

​

​

​

June 30, 

​

June 30, 

​

​

(in thousands)

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Losses recognized in OCI on derivative (effective portion)

$

1,026

$

(733)

$

1,725

$

(2,173)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Losses reclassified from OCI on derivative (effective portion)

​

137

​

(45)

​

257

​

(91)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gains (losses) recognized in income on derivative (ineffective portion)

​

—

​

—

​

—

​

—

​

​

​

​

​

​

June 30, 2026

​

December 31, 2025

​

​

​

​

Notional

​

​

​

Notional

​

​

(in thousands)

  ​ ​ ​

Bank Position

  ​ ​ ​

Amount

  ​ ​ ​

Fair Value

  ​ ​ ​

Amount

  ​ ​ ​

Fair Value

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest rate swaps on FHLB advances - Other liabilities and accrued interest payable

Pay fixed/receive variable

$

100,000

$

(692)

$

100,000

$

(2,674)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2026

​

December 31, 2025

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Unrealized

​

​

​

​

Unrealized

​

​

Notional

​

Pay

​

Receive

​

​

​

​

​

Assets /

​

Gain (Loss)

​

Assets /

​

Gain (Loss)

(dollars in thousands)

  ​ ​ ​

Amount

  ​ ​ ​

Rate

  ​ ​ ​

Rate

  ​ ​ ​

Term

​

Bank Position

  ​ ​ ​

(Liabilities)

  ​ ​ ​

in AOCI

  ​ ​ ​

(Liabilities)

  ​ ​ ​

in AOCI

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest rate swaps on FHLB advances - Other liabilities and accrued interest payable

$

100,000

4.14

%

1M SOFR

5/2024 - 6/2029

​

Pay fixed/receive variable

$

100,000

$

(692)

$

100,000

$

(2,674)

​

  ​ ​ ​

Three Months Ended

​

Six Months Ended

  ​ ​ ​

​

​

June 30, 

​

June 30, 

​

(in thousands)

​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total interest (benefit) expense on FHLB swap transactions

​

$

137

​

$

(45)

​

$

257

​

$

(91)

​

​

​

​

  ​ ​ ​

June 30, 2026

​

December 31, 2025

​

​

​

​

​

Notional

​

​

​

​

Notional

​

​

​

​

(in thousands)

  ​ ​ ​

Bank Position

​

Amount

  ​ ​ ​

Fair Value

  ​ ​ ​

Amount

  ​ ​ ​

Fair Value

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest rate swaps with Bank clients - Other assets and accrued interest receivable

Pay variable/receive fixed

$

141,103

​

$

1,216

$

196,667

​

$

3,922

​

Interest rate swaps with Bank clients - Other liabilities and accrued interest payable

Pay variable/receive fixed

​

134,028

​

(3,175)

​

69,628

​

(2,399)

​

Interest rate swaps with Bank clients - Total

Pay variable/receive fixed

$

275,131

$

(1,959)

$

266,295

$

1,523

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Offsetting interest rate swaps with institutional swap dealer - Other assets and accrued interest receivable

​

Pay fixed/receive variable

​

​

134,028

​

​

3,175

​

​

69,628

​

​

2,399

​

Offsetting interest rate swaps with institutional swap dealer - Other liabilities and accrued interest payable

​

Pay fixed/receive variable

​

​

141,103

​

​

(1,216)

​

​

196,667

​

​

(3,922)

​

Offsetting interest rate swaps with institutional swap dealer - Total

​

Pay fixed/receive variable

​

$

275,131

$

1,959

$

266,295

$

(1,523)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

​

​

$

550,262

​

$

—

$

532,590

​

$

—

​