Derivatives (Tables)

3 Months Ended

Mar. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The following table presents summary information regarding these derivatives for the periods presented (dollars in thousands):


(In thousands)	Notional Amount		Maturity (Years)	Fixed Rate		Variable Rate	Fair Value
March 31, 2023
Classified in Other Assets:
3rd party interest rate swap	$	4,707	6.25	5.25	%	1 Mo. LIBOR + 1.96%	$	32
3rd party interest rate swap	1,354		6.26	4.38	%	1 Mo. LIBOR + 2.00%	74

Classified in Other Liabilities:
Customer interest rate swap	$	4,707	6.25	5.25	%	1 Mo. LIBOR + 1.96%	$	(32)
Customer interest rate swap	1,354		6.26	4.38	%	1 Mo. LIBOR + 2.00%	(74)

December 31, 2022
Classified in Other Assets:
3rd party interest rate swap	$	4,736	6.30	5.25	%	1 Mo. LIBOR + 1.96%	$	106
3rd party interest rate swap	1,363		6.50	4.38	%	1 Mo. LIBOR + 2.00%	97

Classified in Other Liabilities:
Customer interest rate swap	$	4,736	6.30	5.25	%	1 Mo. LIBOR + 1.96%	$	(106)
Customer interest rate swap	1,363		6.50	4.38	%	1 Mo. LIBOR + 2.00%	(97)

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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+ Details