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Derivatives Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value Hedge Relationships in Balance Sheet | A summary of the Company’s fair value hedge relationships for the periods presented are as follows (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Weighted |  | ​ |  | ​ |  | ​ | ​ |  | ​ |
​ | ​ | ​ | ​ | Average | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
​ | ​ | Balance | ​ | Remaining | ​ | Weighted | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
​ | ​ | Sheet | ​ | Maturity | ​ | Average | ​ | Receive | ​ | Notional | ​ | Estimated
Liability derivatives | ​ | Location | ​ | (In Years) | ​ | Pay Rate | ​ | Rate | ​ | Amount | ​ | Fair Value
June 30, 2021: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap agreements - securities |  | Other liabilities |  | 5.96 |  | 3.09 | % | 3 month LIBOR | ​ | $ | 36,000 |  | $ | (4,468)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​
December 31, 2020: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap agreements - securities |  | Other liabilities |  | 7.13 |  | 3.08 | % | 3 month LIBOR | ​ | $ | 36,000 | ​ | $ | (6,174)
Schedule of Fair Value Hedge Relationships on Income Statement | The effects of the Company’s fair value hedge relationships reported in interest income on tax-exempt available-for-sale securities on the consolidated income statement were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2021 | ​ | 2020 | ​ | 2021 | ​ | 2020
Interest income on tax-exempt securities |  | $ | 562 | ​ | $ | 580 | ​ | $ | 1,126 | ​ | $ | 1,020
Effects of fair value hedge relationships | ​ |  | (258) | ​ |  | (164) | ​ |  | (563) | ​ |  | (321)
Reported interest income on tax-exempt securities | ​ | $ | 304 | ​ | $ | 416 | ​ | $ | 563 | ​ | $ | 699
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
Gain (loss) on fair value hedging relationship |  | 2021 | ​ | 2020 | ​ | 2021 | ​ | 2020
Interest rate swap agreements - securities: |  |  |  | ​ | ​ |  | ​ |  |  | ​ | ​ |
Hedged items |  | $ | (459) | ​ | $ | (205) | ​ | $ | 1,706 | ​ | $ | (3,644)
Derivative designated as hedging instruments | ​ | $ | 459 | ​ | $ | 205 | ​ | $ | (1,706) | ​ | $ | 3,644
​
Schedule of Fair Value Hedges | The following amounts were recorded on the balance sheet related to cumulative basis adjustments for fair value hedges (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ | Cumulative Amount of Fair
​ | ​ | ​ | ​ | ​ | Value Hedging Adjustment
​ | ​ | Carrying Amount | ​ | Included in Other Comprehensive
Line item on the balance sheet |  | of the Hedged Assets |  | Income
June 30, 2021: |  |  |  | ​ | ​ |
Securities available-for-sale |  | $ | 43,580 | ​ | $ | 1,072
December 31, 2020: | ​ |  |  | ​ |  |
Securities available-for-sale | ​ | $ | 44,017 | ​ | $ | (1,063)
Schedule of interest rate swaps related to loan hedging program | At June 30, 2021 and December 31, 2020, interest rate swaps related to the Company’s loan hedging program that were outstanding are presented in the following table (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2021 | ​ | December 31, 2020
​ | ​ | ​ | Notional | ​ | ​ | Estimated | ​ | ​ | Notional | ​ | ​ | Estimated
​ | ​ | ​ | Amount | ​ | ​ | Fair Value | ​ | ​ | Amount | ​ | ​ | Fair Value
Interest rate swap agreements: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | $ | 750 | ​ | $ | 12 | ​ | $ | - | ​ | $ | -
Liabilities | ​ | ​ | 750 | ​ | ​ | (12) | ​ | ​ | - | ​ | ​ | -
Total | ​ | $ | 1,500 | ​ | $ | - | ​ | $ | - | ​ | $ | -
Schedule of interest rate swap to facilitate customer's transactions | The Company establishes limits and monitors exposures for customer swap positions. Any fees received to enter the swap agreements at inception are recognized in earnings when received. Such fees were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2021 | ​ | 2020 | ​ | 2021 | ​ | 2020
Interest rate swap agreements |  | $ | 10 | ​ | $ | — | ​ | $ | 10 | ​ | $ | —

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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