Financial Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The details of the interest rate swap agreements are as follows:

					September 30, 2022		December 31, 2021		September 30, 2021
Effective Date	Maturity Date	Variable Index Received	Fixed Rate Paid	Presentation on Consolidated Balance Sheet	Notional Amount	Fair Value	Notional Amount	Fair Value	Notional Amount	Fair Value
08/02/2019	08/02/2024	1-Month USD Libor	1.590%	Other Liabilities	—	—	—	—	12,500,000	(381,000)
08/05/2019	08/05/2024	1-Month USD Libor	1.420%	Other Liabilities	—	—	—	—	12,500,000	(320,000)
02/12/2020	02/12/2023	3-Month USD Libor	1.486%	Other Liabilities	—	—	—	—	25,000,000	(438,000)
02/12/2020	02/12/2024	3-Month USD Libor	1.477%	Other Liabilities	—	—	—	—	25,000,000	(601,000)
06/28/2021	06/28/2026	1-Month USD Libor	1.158%	Other Liabilities	—	—	—	—	50,000,000	(594,000)
03/13/2020	03/13/2025	3-Month USD Libor	0.855%	Other Liabilities	—	—	—	—	25,000,000	(85,000)
03/13/2020	03/13/2030	3-Month USD Libor	1.029%	Other Assets	—	—	—	—	20,000,000	644,000
04/07/2020	04/07/2023	3-Month USD Libor	0.599%	Other Liabilities	—	—	—	—	20,000,000	(106,000)
04/07/2020	04/07/2024	3-Month USD Libor	0.643%	Other Liabilities	—	—	—	—	20,000,000	(64,000)
04/27/2022	10/27/2023	USD-SOFR-COMPOUND	2.498%	Other Assets	10,000,000	179,000	—	—	—	—
04/27/2022	01/27/2024	USD-SOFR-COMPOUND	2.576%	Other Assets	10,000,000	212,000	—	—	—	—
04/27/2022	04/27/2024	USD-SOFR-COMPOUND	2.619%	Other Assets	10,000,000	242,000	—	—	—	—
					$30,000,000	$633,000	$—	$—	$210,000,000	$(1,945,000)

At September 30, 2022 and 2021, and December 31, 2021, there were six customer loan swap arrangements in place, detailed below:

		September 30, 2022					December 31, 2021					September 30, 2021
	Presentation on Consolidated Balance Sheet	Number of Positions	Notional Amount		Fair Value		Number of Positions	Notional Amount		Fair Value		Number of Positions	Notional Amount		Fair Value
Pay Fixed, Receive Variable	Other Assets	6	$	38,628,000	$	5,365,000	3	$	15,765,000	$	789,000	3	$	15,885,000	$	801,000
Pay Fixed, Receive Variable	Other Liabilities	—	—		—		3	24,604,000		(1,802,000)		3	24,768,000		(1,862,000)
		6	38,628,000		5,365,000		6	40,369,000		(1,013,000)		6	40,653,000		(1,061,000)
Receive Fixed, Pay Variable	Other Assets	—	—		—		3	24,604,000		1,802,000		3	24,768,000		1,862,000
Receive Fixed, Pay Variable	Other Liabilities	6	38,628,000		(5,365,000)		3	15,765,000		(789,000)		3	15,885,000		(801,000)
		6	38,628,000		(5,365,000)		6	40,369,000		1,013,000		6	40,653,000		1,061,000
Total		12	$	77,256,000	$	—	12	$	80,738,000	$	—	12	$	81,306,000	$	—