XML 63 R49.htm IDEA: XBRL DOCUMENT v3.22.4
Financial Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The details of the interest rate swap agreements are as follows:
December 31, 2022December 31, 2021
Effective DateMaturity DateVariable Index ReceivedFixed Rate PaidPresentation on Consolidated Balance Sheet
Notional Amount
Fair Value
Notional Amount
Fair Value
4/27/202210/27/2023USD-SOFR-COMPOUND2.498%Other Assets$10,000,000 $187,000 $— $— 
4/27/20221/27/2024USD-SOFR-COMPOUND2.576%Other Assets$10,000,000 $233,000 $— $— 
4/27/20224/27/2024USD-SOFR-COMPOUND2.619%Other Assets$10,000,000 $269,000 $— $— 
    $30,000,000 $689,000 $— $— 
At December 31, 2022 there were six customer loan swap arrangements in place, detailed below:
December 31, 2022December 31, 2021
Presentation on Consolidated Balance SheetNumber of PositionsNotional AmountFair ValueNumber of PositionsNotional AmountFair Value
Pay Fixed, Receive VariableOther Assets6$37,411,000 $4,910,000 3$15,765,000 $789,000 
Pay Fixed, Receive VariableOther Liabilities  324,604,000 (1,802,000)
637,411,000 4,910,000 640,369,000 (1,013,000)
Receive Fixed, Pay VariableOther Assets  324,604,000 1,802,000 
Receive Fixed, Pay VariableOther Liabilities637,411,000 (4,910,000)315,765,000 (789,000)
637,411,000 (4,910,000)640,369,000 1,013,000 
Total12$74,822,000 $ 12$80,738,000 $—