Derivative Financial Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2024

Derivative Financial Instruments and Hedging Activities

Summary of Interest Rate Swaps

(In thousands, except percentages and years)	June 30, 2024			December 31, 2023
Notional amount	$	20,000		$	20,000
Fair value	$	614		$	918
Weighted average pay rate		0.83	%		0.83	%
Weighted average receive rate		5.61	%		5.27	%
Weighted average maturity in years		0.69			1.57
Number of contracts		1			1

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

	For the three months ended June 30,				For the six months ended June 30,
(In thousands)	2024		2023		2024		2023
(Loss) gain recognized in OCI
Gross of tax	$	(191)	$	100	$	(304)	$	(135)
Net of tax		(139)		71		(220)		(96)
Gain reclassified from AOCI into net income
Gross of tax		238		219		476		418
Net of tax		168		156		338		299