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Financial Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

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

															March 31, 2022						December 31, 2021						March 31, 2021
Effective Date			Maturity Date			Variable Index Received			Fixed Rate Paid			Presentation on Consolidated Balance Sheet			Notional Amount			Fair Value			Notional Amount			Fair Value			Notional Amount			Fair Value
06/28/2016			06/28/2021			1-Month USD Libor			0.940%			Other Liabilities			$—			$—			$—			$—			$30,000,000			$(61,000)
06/27/2016			06/27/2021			1-Month USD Libor			0.893%			Other Liabilities			—			—			—			—			20,000,000			(38,000)
08/02/2019			08/02/2024			1-Month USD Libor			1.590%			Other Liabilities			—			—			—			—			12,500,000			(458,000)
08/05/2019			08/05/2024			1-Month USD Libor			1.420%			Other Liabilities			—			—			—			—			12,500,000			(387,000)
02/12/2020			02/12/2023			3-Month USD Libor			1.486%			Other Liabilities			—			—			—			—			25,000,000			(580,000)
02/12/2020			02/12/2024			3-Month USD Libor			1.477%			Other Liabilities			—			—			—			—			25,000,000			(735,000)
06/28/2021			06/28/2026			1-Month USD Libor			1.158%			Other Liabilities			—			—			—			—			50,000,000			(352,000)
03/13/2020			03/13/2025			3-Month USD Libor			0.855%			Other Liabilities			—			—			—			—			25,000,000			(99,000)
03/13/2020			03/13/2030			3-Month USD Libor			1.029%			Other Assets			—			—			—			—			20,000,000			1,071,000
04/07/2020			04/07/2023			3-Month USD Libor			0.599%			Other Liabilities			—			—			—			—			20,000,000			(129,000)
04/07/2020			04/07/2024			3-Month USD Libor			0.643%			Other Liabilities			—			—			—			—			20,000,000			(84,000)
															$—			$—			$—			$—			$260,000,000			$(1,852,000)

At March 31, 2022, there were six customer loan swap arrangements in place, detailed below:

						March 31, 2022									December 31, 2021									March 31, 2021
			Presentation on Consolidated Balance Sheet			Number of Positions			Notional Amount			Fair Value			Number of Positions			Notional Amount			Fair Value			Number of Positions			Notional Amount			Fair Value
Pay Fixed, Receive Variable			Other Assets			5			$	26,864,000		$	2,099,000		3			$	15,765,000		$	789,000		3			$	16,797,000		$	1,272,000
Pay Fixed, Receive Variable			Other Liabilities			1			12,310,000			(566,000)			3			24,604,000			(1,802,000)			3			25,059,000			(1,334,000)
						6			39,174,000			1,533,000			6			40,369,000			(1,013,000)			6			41,856,000			(62,000)
Receive Fixed, Pay Variable			Other Assets			1			12,310,000			566,000			3			24,604,000			1,802,000			3			25,059,000			1,334,000
Receive Fixed, Pay Variable			Other Liabilities			5			26,864,000			(2,099,000)			3			15,765,000			(789,000)			3			16,797,000			(1,272,000)
						6			39,174,000			(1,533,000)			6			40,369,000			1,013,000			6			41,856,000			62,000
Total						12			$	78,348,000		$	—		12			$	80,738,000		$	—		12			$	83,712,000		$	—

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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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