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Interest Rate Swaps (Tables)
6 Months Ended
Jun. 30, 2024
Interest Rate Swaps [Abstract]  
Summary of Derivatives

(Amounts in thousands)

Notional Amount

Fair Value

June 30, 2024

December 31, 2023

Interest Rate Paid

Interest Rate Received

June 30, 2024

December 31, 2023

Customer interest rate swap

Maturing November, 2030

$

5,957

$

6,145

Term SOFR + Margin

Fixed

$

800

$

746

Maturing December, 2030

3,896

4,032

Term SOFR + Margin

Fixed

512

479

Total

$

9,853

$

10,177

$

1,312

$

1,225

Third party interest rate swap

Maturing November, 2030

$

5,957

$

6,145

Fixed

Term SOFR + Margin

$

800

$

746

Maturing December, 2030

3,896

4,032

Fixed

Term SOFR + Margin

512

479

Total

$

9,853

$

10,177

$

1,312

$

1,225

Fair Value of Derivative Instruments

(Amounts in thousands)

Assets

Liabilities

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

June 30, 2024

Interest rate derivatives

Other assets

$

1,312

Other liabilities

$

1,312

December 31, 2023

Interest rate derivatives

Other assets

1,225

Other liabilities

1,225