XML 61 R45.htm IDEA: XBRL DOCUMENT

Note 14 - Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Interest Rate Derivatives [Table Text Block]

		*December 31, 2022*
						*Derivative Fair Value*								*Net Ineffective*
Dollars in thousands		*Notional Amount*				*Asset*				*Liability*				*Hedge Gains/(Losses)*
CASH FLOW HEDGES
Pay-fixed/receive-variable interest rate swaps hedging:
Short term borrowings		$	40,000			$	1,871			$	—			$	—

Interest rate caps hedging :
Short term borrowings		$	100,000			$	20,554			$	—			$	—
Indexed interest bearing demand deposit accounts			100,000				10,047				—				—

FAIR VALUE HEDGES
Pay-fixed/receive-variable interest rate swaps hedging:
Commercial real estate loans		$	16,876			$	911			$	—			$	—
Available for sale taxable municipal securities			71,245				7,123				—				(12	)

		*December 31, 2021*
						*Derivative Fair Value*								*Net Ineffective*
Dollars in thousands		*Notional Amount*				*Asset*				*Liability*				*Hedge Gains/(Losses)*
CASH FLOW HEDGES
Pay-fixed/receive-variable interest rate swaps hedging:
Short term borrowings		$	40,000			$	—			$	83			$	—

Interest rate caps hedging:
Short term borrowings		$	100,000			$	8,336			$	—			$	—
Indexed interest bearing demand deposit accounts			100,000				2,851				—				—

FAIR VALUE HEDGES
Pay-fixed/receive-variable interest rate swaps hedging:
Commercial real estate loans		$	17,548			$	—			$	512			$	—
Available for sale taxable municipal securities			71,245				—				529				22