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Interest Rate Swaps (Tables)

12 Months Ended

Dec. 31, 2020

Interest Rate Swaps [Abstract]

Summary of Derivatives

(Amounts in thousands)
		Notional Amount, December 31,										Fair Value December 31,
			2020			2019		Interest Rate Paid		Interest Rate Received			2020			2019
Customer interest rate swap
Maturing November, 2030		$	7,222		$	-		1 month LIBOR + Margin		Fixed		$	165		$	-
Maturing December, 2030			4,800			-		1 month LIBOR + Margin		Fixed			111			-
Total		$	12,022		$	-						$	276		$	-
Third party interest rate swap
Maturing November, 2030		$	7,222		$	-		Fixed		1 month LIBOR + Margin		$	165		$	-
Maturing December, 2030			4,800			-		Fixed		1 month LIBOR + Margin			111			-
Total		$	12,022		$	-						$	276		$	-

Fair Value of Derivative Instruments

		(Amounts in thousands)
		Assets				Liabilities
		Balance Sheet Location		Fair Value		Balance Sheet Location		Fair Value
Decemer 31, 2020
Interest rate derivatives		Other assets	$	276		Other liabilities	$	276
Decemer 31, 2019
Interest rate derivatives		Other assets		-		Other liabilities		-

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- References

No definition available.

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- Definition

Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959

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- Definition

Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: 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=121590274&loc=SL5624171-113959

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