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Financial Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

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

															June 30, 2022						December 31, 2021						June 30, 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
08/02/2019			08/02/2024			1-Month USD Libor			1.590%			Other Liabilities			—			—			—			—			12,500,000			(425,000)
08/05/2019			08/05/2024			1-Month USD Libor			1.420%			Other Liabilities			—			—			—			—			12,500,000			(359,000)
02/12/2020			02/12/2023			3-Month USD Libor			1.486%			Other Liabilities			—			—			—			—			25,000,000			(509,000)
02/12/2020			02/12/2024			3-Month USD Libor			1.477%			Other Liabilities			—			—			—			—			25,000,000			(671,000)
06/28/2021			06/28/2026			1-Month USD Libor			1.158%			Other Liabilities			—			—			—			—			50,000,000			(820,000)
03/13/2020			03/13/2025			3-Month USD Libor			0.855%			Other Liabilities			—			—			—			—			25,000,000			(139,000)
03/13/2020			03/13/2030			3-Month USD Libor			1.029%			Other Assets			—			—			—			—			20,000,000			482,000
04/07/2020			04/07/2023			3-Month USD Libor			0.599%			Other Liabilities			—			—			—			—			20,000,000			(117,000)
04/07/2020			04/07/2024			3-Month USD Libor			0.643%			Other Liabilities			—			—			—			—			20,000,000			(79,000)
04/27/2022			10/27/2023			USD-SOFR-COMPOUND			2.498%			Other Assets			10,000,000			65,000			—			—			—			—
04/24/2022			01/27/2024			USD-SOFR-COMPOUND			2.576%			Other Assets			10,000,000			62,000			—			—			—			—
04/27/2022			04/27/2024			USD-SOFR-COMPOUND			2.619%			Other Assets			10,000,000			58,000			—			—			—			—
															$30,000,000			$185,000			$—			$—			$210,000,000			$(2,637,000)

At June 30, 2022 and 2021, and December 31, 2021, there were six customer loan swap arrangements in place, detailed below:

						June 30, 2022									December 31, 2021									June 30, 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			6			$	38,903,000		$	3,440,000		3			$	15,765,000		$	789,000		3			$	16,532,000		$	689,000
Pay Fixed, Receive Variable			Other Liabilities			—			—			—			3			24,604,000			(1,802,000)			3			24,927,000			(2,138,000)
						6			38,903,000			3,440,000			6			40,369,000			(1,013,000)			6			41,459,000			(1,449,000)
Receive Fixed, Pay Variable			Other Assets			—			—			—			3			24,604,000			1,802,000			3			24,927,000			2,138,000
Receive Fixed, Pay Variable			Other Liabilities			6			38,903,000			(3,440,000)			3			15,765,000			(789,000)			3			16,532,000			(689,000)
						6			38,903,000			(3,440,000)			6			40,369,000			1,013,000			6			41,459,000			1,449,000
Total						12			$	77,806,000		$	—		12			$	80,738,000		$	—		12			$	82,918,000		$	—

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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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