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Derivatives Financial Instruments (Tables) | 9 Months Ended
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Sep. 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
September 30, 2021: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swap agreements - securities |  | Other liabilities |  | 5.74 |  | 3.09 | % | 3 month LIBOR | ​ | $ | 36,000 |  | $ | (4,180)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​
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 | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
​ |  | 2021 | ​ | 2020 | ​ | 2021 | ​ | 2020
Interest income on tax-exempt securities |  | $ | 549 | ​ | $ | 565 | ​ | $ | 1,675 | ​ | $ | 1,586
Effects of fair value hedge relationships | ​ |  | (218) | ​ |  | (201) | ​ |  | (781) | ​ |  | (522)
Reported interest income on tax-exempt securities | ​ | $ | 331 | ​ | $ | 364 | ​ | $ | 894 | ​ | $ | 1,064
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
Gain (loss) on fair value hedging relationship |  | 2021 | ​ | 2020 | ​ | 2021 | ​ | 2020
Interest rate swap agreements - securities: |  |  |  | ​ | ​ |  | ​ |  |  | ​ | ​ |
Hedged items |  | $ | 288 | ​ | $ | 299 | ​ | $ | 1,994 | ​ | $ | (3,345)
Derivative designated as hedging instruments | ​ | $ | (288) | ​ | $ | (299) | ​ | $ | (1,994) | ​ | $ | 3,345
​
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
September 30, 2021: |  |  |  | ​ | ​ |
Securities available-for-sale |  | $ | 43,258 | ​ | $ | 448
December 31, 2020: | ​ |  |  | ​ |  |
Securities available-for-sale | ​ | $ | 44,017 | ​ | $ | (1,063)
Schedule of interest rate swaps related to loan hedging program | At September 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): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021 | ​ | December 31, 2020
​ | ​ | ​ | Notional | ​ | ​ | Estimated | ​ | ​ | Notional | ​ | ​ | Estimated
​ | ​ | ​ | Amount | ​ | ​ | Fair Value | ​ | ​ | Amount | ​ | ​ | Fair Value
Interest rate swap agreements: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | $ | 14,718 | ​ | $ | 250 | ​ | $ | - | ​ | $ | -
Liabilities | ​ | ​ | 14,718 | ​ | ​ | (250) | ​ | ​ | - | ​ | ​ | -
Total | ​ | $ | 29,436 | ​ | $ | - | ​ | $ | - | ​ | $ | -
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 and is included in noninterest income. Such fees were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
​ |  | 2021 | ​ | 2020 | ​ | 2021 | ​ | 2020
Interest rate swap agreements |  | $ | 479 | ​ | $ | — | ​ | $ | 489 | ​ | $ | —

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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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