Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Derivative Instruments

The following table summarizes the Company’s derivative instruments as of September 30, 2020 and December 31, 2019:

(In thousands)	September 30, 2020
Derivatives designated as hedging instruments	Notional/Contract Amount		Fair Value			Fair Value Balance Sheet Location	Expiration Date
Interest rate swap - cash flow	$	4,000	$	(541	)	Other Liabilities	6/15/2031
Interest rate swap - fair value		4,112		(93	)	Other Liabilities	2/12/2022

(In thousands)	December 31, 2019
Derivatives designated as hedging instruments	Notional/Contract Amount		Fair Value			Fair Value Balance Sheet Location	Expiration Date
Interest rate swap - cash flow	$	4,000	$	(41	)	Other Liabilities	9/15/2020
Interest rate forward swap - cash flow		4,000		(59	)	Other Liabilities	6/15/2031
Interest rate swap - fair value		1,167		(17	)	Other Liabilities	4/9/2025
Interest rate swap - fair value		4,230		(23	)	Other Liabilities	2/12/2022