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Derivatives Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Derivative Instruments

The follow table summarizes the Company’s derivative instruments as of June 30, 2022 and December 31, 2021 (dollars in thousands):

 

 

June 30, 2022

Derivatives designated as hedging instruments

 

Notional/ Contract Amount

 

 

Fair Value

 

 

Fair Value Balance Sheet Location

 

Expiration Date

Interest rate forward swap - cash flow

 

$

4,000

 

 

$

310

 

 

Other Liabilities

 

6/15/2031

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

Derivatives designated as hedging instruments

 

Notional/ Contract Amount

 

 

Fair Value

 

 

Fair Value Balance Sheet Location

 

Expiration Date

Interest rate forward swap - cash flow

 

$

4,000

 

 

$

(197

)

 

Other Liabilities

 

6/15/2031

Interest rate swap - fair value

 

$

3,940

 

 

$

(8

)

 

Other Liabilities

 

2/12/2022