v3.26.1
Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives Recorded The following table reflects the derivatives recorded on the consolidated balance sheets as of June 30, 2026 and December 31, 2025:

 

 

 

June 30, 2026

 

 

December 31, 2025

 

(In thousands)

 

Notional
Amount

 

 

Fair Value

 

 

Notional
Amount

 

 

Fair Value

 

Included in other assets:

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps related to FHLB advances and agency securities

 

$

60,000

 

 

$

230

 

 

$

 

 

$

 

Interest rate cap related to FHLB advances

 

 

25,000

 

 

 

146

 

 

 

 

 

 

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps related to customer loans

 

 

103,960

 

 

 

5,836

 

 

 

105,318

 

 

 

5,958

 

Total included in other assets

 

 

 

 

$

6,212

 

 

 

 

 

$

5,958

 

 

 

 

 

 

 

 

 

 

 

 

 

Included in accrued expense and other liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps related to FHLB advances and agency securities

 

$

 

 

$

 

 

$

135,000

 

 

$

391

 

Derivatives not designated as hedging
   instruments:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps related to customer loans

 

 

103,960

 

 

 

5,836

 

 

 

105,318

 

 

 

5,958

 

Total included in accrued expense and other liabilities

 

 

 

 

$

5,836

 

 

 

 

 

$

6,349