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Derivatives and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of the Company's Derivatives Associated with its Interest Rate Risk Management Activities

The following tables summarize the Company’s derivatives associated with its interest rate risk management activities:

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

(Dollars in thousands)

 

Start Date

 

Maturity Date

 

Rate

 

 

Notional

 

 

Other Assets

 

 

Other Liabilities

 

Debt Hedging

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hedging Instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Rate Swap 2020

 

4/13/2020

 

4/13/2025

 

0.68%

 

 

$

5,000

 

 

$

85

 

 

$

 

Interest Rate Swap 2021

 

4/13/2021

 

4/13/2026

 

0.74%

 

 

$

5,000

 

 

$

115

 

 

$

 

Total Hedging Instruments

 

 

 

 

 

 

 

 

 

$

10,000

 

 

$

200

 

 

$

 

Hedged Items:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Variability in cash flows

   related to 90-day FHLB

   advances

 

 

 

 

 

 

 

 

 

N/A

 

 

$

 

 

$

10,000

 

Summary of the Effect of Cash Flow Hedge Accounting

The following table summarizes the effect of cash flow hedge accounting on the consolidated statements of income for the years ended December 31, 2021 and 2020:

 

Location and Amount of Loss Recognized in

Statements of Income

 

 

2021

 

 

2020

 

(Dollars in thousands)

Interest

Income

(Expense)

 

 

 

 

Other

Income

(Expense)

 

 

Interest

Income

(Expense)

 

 

Other

Income

(Expense)

 

The effect of cash flow hedging accounting:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Amount reclassified from AOCI into expense

$

(48

)

 

 

 

$

 

 

$

(3

)

 

$