| Schedule of Outstanding Notional Balances and Fair Values of Outstanding Derivative Positions |
The following tables provide the outstanding notional balances and fair values of outstanding derivative positions at September 30, 2026 and December 31, 2025:
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(Dollars in thousands) |
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Outstanding
Notional
Balance |
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Asset
Derivative
Fair Value |
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Liability
Derivative
Fair Value |
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Pay
Rate (1) |
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Receive
Rate (1) |
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Remaining
Term (2) |
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September 30, 2026 |
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Cash flow hedges: |
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Receive-fixed interest rate swaps |
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$ |
100,000 |
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$ |
— |
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$ |
6,324 |
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USD-SOFR CME 1M |
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3.34% |
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5.4 |
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Fair value hedges: |
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Risk participation agreements purchased |
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$ |
4,662 |
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$ |
— |
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$ |
— |
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— |
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7.48% |
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2.0 |
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Risk participation agreements sold |
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133,720 |
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— |
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— |
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— |
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4.14% |
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1.6 |
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Commercial loan one-way interest rate swaps |
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73,675 |
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1,276 |
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13 |
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6.62% |
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— |
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1.8 |
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Commercial loan pass-through interest rate swaps: |
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Loan customer counterparty |
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214,660 |
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504 |
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3,527 |
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5.16% |
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6.45% |
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3.0 |
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Financial institution counterparty |
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214,660 |
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3,527 |
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504 |
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6.45% |
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5.16% |
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3.0 |
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Total fair value hedges |
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641,377 |
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5,307 |
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4,044 |
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Total derivatives |
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$ |
741,377 |
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$ |
5,307 |
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$ |
10,368 |
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(1) Weighted average rate. (2) Weighted average life (in years).
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(Dollars in thousands) |
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Outstanding
Notional
Balance |
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Asset
Derivative
Fair Value |
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Liability
Derivative
Fair Value |
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|
Pay
Rate (1) |
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Receive
Rate (1) |
|
Remaining
Term (2) |
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December 31, 2025 |
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Fair value hedges: |
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Risk participation agreements purchased |
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4,759 |
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7 |
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— |
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— |
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7.48% |
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2.8 |
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Risk participation agreements sold |
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131,730 |
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— |
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— |
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— |
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4.24% |
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2.0 |
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Commercial loan one-way interest rate swaps |
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101,808 |
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36 |
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|
641 |
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6.74% |
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— |
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2.1 |
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Commercial loan pass-through interest rate swaps: |
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Loan customer counterparty |
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179,444 |
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1,383 |
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1,118 |
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— |
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6.42% |
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2.6 |
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Financial institution counterparty |
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179,444 |
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1,118 |
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1,383 |
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6.42% |
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— |
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2.6 |
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Total fair value hedges |
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597,185 |
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2,544 |
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3,142 |
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Total derivatives |
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$ |
597,185 |
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$ |
2,544 |
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$ |
3,142 |
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(1) Weighted average rate. (2) Weighted average life (in years).
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