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Financial Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The details of the interest rate swap agreements are as follows:

															December 31, 2020						December 31, 2019
Effective Date			Maturity Date			Variable Index Received			Fixed Rate Paid			Presentation on Consolidated Balance Sheet			Notional Amount			Fair Value			Notional Amount			Fair Value
06/27/16			06/27/21			1-Month USD LIBOR			0.893		%	Other Liabilities (Assets)			$	20,000,000		$	(76,000)		$	20,000,000		$	199,000
06/28/16			06/28/21			1-Month USD LIBOR			0.940		%	Other Liabilities (Assets)			30,000,000			(121,000)			30,000,000			278,000
06/05/18			06/05/20			1-Month USD LIBOR			2.547		%	Other Liabilities			—			—			25,000,000			(96,000)
06/05/18			12/05/20			1-Month USD LIBOR			2.603		%	Other Liabilities			—			—			25,000,000			(234,000)
12/05/19			12/05/22			3-Month USD LIBOR			1.779		%	Other Liabilities			—			—			25,000,000			(98,000)
08/02/19			08/02/24			1-Month USD LIBOR			1.590		%	Other Liabilities			12,500,000			(626,000)			12,500,000			(11,000)
08/05/19			08/05/24			1-Month USD LIBOR			1.420		%	Other Liabilities (Assets)			12,500,000			(550,000)			12,500,000			85,000
02/12/20			02/12/23			3-Month USD LIBOR			1.486		%	Other Liabilities			25,000,000			(695,000)			—			—
02/12/20			02/12/24			3-Month USD LIBOR			1.477		%	Other Liabilities			25,000,000			(972,000)			—			—
06/28/21			06/28/26			1-Month USD LIBOR			1.158		%	Other Liabilities			50,000,000			(1,872,000)			—			—
03/13/20			03/13/25			3-Month USD LIBOR			0.855		%	Other Liabilities			25,000,000			(551,000)			—			—
03/13/20			03/13/30			3-Month USD LIBOR			1.029		%	Other Liabilities			20,000,000			(339,000)			—			—
04/07/20			04/07/23			3-Month USD LIBOR			0.599		%	Other Liabilities			20,000,000			(185,000)			—			—
04/07/20			04/07/24			3-Month USD LIBOR			0.643		%	Other Liabilities			20,000,000			(255,000)			—			—
															$	260,000,000		$	(6,242,000)		$	150,000,000		$	123,000

t December 31, 2020 there were five customer loan swap arrangement in place, detailed below:

						December 31, 2020									December 31, 2019
			Presentation on Consolidated Balance Sheet			Number of Positions			Notional Amount			Fair Value			Number of Positions			Notional Amount			Fair Value
Pay Fixed, Receive Variable			Other Liabilities			5			$	32,987,000		$	(2,640,000)		2			$	16,374,000		$	(1,205,000)
Receive Fixed, Pay Variable			Other Assets			5			32,987,000			2,640,000			2			16,374,000			1,205,000
Total						10			$	65,974,000		$	—		4			$	32,748,000		$	—

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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