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Subsequent Events
6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events Subsequent EventsOn July 17, 2023, the Bank entered into two additional interest rate swap agreements with a qualified institution designated as cash flow hedge instruments. Under the terms of the agreements, the Bank pays a fixed interest rate and in return receives an interest payment based on SOFR, resetting monthly. Concurrently, the Bank borrowed fixed rate FHLB advances, which will be renewed monthly, as designated by the hedge agreement, at the fixed interest rate at that time. One agreement has a $15.0 million notional amount, a two year maturity and requires the Bank to pay a fixed rate of 4.57%. The second agreement also has a $15.0 million notional amount, a three year maturity and requires the Bank to pay a fixed rate of 4.15%.