Derivatives (Tables)

12 Months Ended

Dec. 31, 2023

Derivative [Line Items]

Summary of Derivative Instruments, Gain (Loss)

The effects of fair value hedges on the Company's income statement during the twelve months ended December 31, 2023 and 2022 were as follows (in thousands):

Derivative	Location of Gain (Loss) on Derivative	2023			2022
Interest rate swap agreements	Interest income on loans	$	(204	)	$	1,819

Derivative	Location of Gain (Loss) on Hedged Items	2023		2022
Interest rate swap agreements	Interest income on loans	$	204	$	(1,819	)

Summary of Cumulative Basis Adjustment of Fair Value Hedges

As of December 31, 2023 and 2022, the following amounts were recorded on the balance sheet related to the cumulative basis adjustment for fair value hedges (in thousands):

				Cumulative Amount of Fair Value Hedging
Line Item in the Balance Sheet in	Carrying Amount of			Adjustments Included in the Carrying
Which the Hedge Items are Included	the Hedged Assets			Amount of the Hedged Assets
December 31, 2023
Loans		$	12,027		$	(949	)
December 31, 2022
Loans		$	12,295		$	(1,153	)

Not Designated as Hedging Instrument

Derivative [Line Items]

Summary of Fair Value Derivative Instruments

The following table provides the outstanding notional balances and fair value of outstanding derivatives not designated as hedging instruments as of December 31, 2023 and 2022 (in thousands):

		Weighted Average
	Balance Sheet	Remaining Maturity	Notional		Estimated
	Location	(Years)	Amount		Value
December 31, 2023
Interest rate swap agreements	Other assets	5.0	$	30,688	$	3,166
Interest rate swap agreements	Other liabilities	5.0		30,688		(3,166	)
December 31, 2022
Interest rate swap agreements	Other assets	5.0	$	39,095	$	4,253
Interest rate swap agreements	Other liabilities	5.0		39,095		(4,253	)

Fair Value Hedging | Designated As Hedging Instrument

Derivative [Line Items]

Summary of Fair Value Derivative Instruments

The following table provides the outstanding notional balances and fair value of outstanding derivatives designated as hedging instruments as of December 31, 2023 and 2022 (in thousands):

		Weighted Average
	Balance Sheet	Remaining Maturity		Notional		Estimated
Derivative	Location	(Years)		Amount		Value
December 31, 2023
Interest rate swap agreements	Other liabilities		5.3	$	12,976	$	(2,217	)
December 31, 2022
Interest rate swap agreements	Other liabilities		6.3	$	13,448	$	(3,100	)