Federal Home Loan Bank and Short-term Borrowings (Tables)

12 Months Ended

Dec. 31, 2020

Federal Home Loan Bank and Short-term Borrowings

Schedule of swaps designated as cash flow hedges

							At December 31,
							2020				2019
									Unrealized				Unrealized
	Notional		Pay		Receive		Assets/		Loss		Assets/		Loss
(dollars in thousands)	Amount		Rate		Rate	Term	Liabilities		AOCI		Liabilities		AOCI
Interest rate swap on FHLB advance	$	10,000	2.105	%	3M LIBOR	11/2017 - 10/2022	$	(387)	$	(281)	$	(129)	$	(94)
Interest rate swap on FHLB advance		5,000	2.235	%	3M LIBOR	7/2018 - 7/2023		(281)		(204)		(102)		(75)
Interest rate swap on FHLB advance		5,000	2.246	%	3M LIBOR	8/2018 - 8/2023		(281)		(204)		(105)		(77)
Total	$	20,000					$	(949)	$	(689)	$	(336)	$	(246)

Schedule of total interest expense recorded on swap transactions

		Years Ended December 31,
(dollars in thousands)	Bank Position	2020		2019
Interest rate swap on FHLB advance	Pay fixed/receive variable	$	(113)	$	28
Interest rate swap on FHLB advance	Pay fixed/receive variable		(63)		9
Interest rate swap on FHLB advance	Pay fixed/receive variable		(65)		11
Total		$	(241)	$	48