Derivative Financial Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Financial Instruments and Hedging Activities

Summary of Interest Rate Swaps

(In thousands, except percentages and years)	March 31, 2022			December 31, 2021
Notional amount	$	40,000		$	40,000
Fair value	$	1,942		$	408
Weighted average pay rate		0.84	%		0.98	%
Weighted average receive rate		0.19	%		0.19	%
Weighted average maturity in years		2.94			2.37
Number of contracts		2			2

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

	For the three months ended March 31,
(In thousands)	2022		2021
Gain recognized in OCI on derivatives	$	1,534	$	807
Gain (loss) reclassified from AOCI into interest expense	$	85	$	(154)