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

12 Months Ended

Dec. 31, 2021

Federal Home Loan Bank and Short-term Borrowings

Schedule of swaps designated as cash flow hedges

							At December 31,
							2021				2020
									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	$	(174)	$	(126)	$	(387)	$	(281)
Interest rate swap on FHLB advance		5,000	2.235	%	3M LIBOR	7/2018 - 7/2023		(136)		(99)		(281)		(204)
Interest rate swap on FHLB advance		5,000	2.246	%	3M LIBOR	8/2018 - 8/2023		(132)		(96)		(281)		(204)
Total	$	20,000					$	(442)	$	(321)	$	(949)	$	(689)

Schedule of total interest expense recorded on swap transactions

		Years Ended December 31,
(dollars in thousands)	Bank Position	2021		2020
Interest rate swap on FHLB advance	Pay fixed/receive variable	$	(194)	$	(113)
Interest rate swap on FHLB advance	Pay fixed/receive variable		(105)		(63)
Interest rate swap on FHLB advance	Pay fixed/receive variable		(105)		(65)
Total		$	(404)	$	(241)