Interest Rate Swaps	9 Months Ended
Sep. 30, 2021
Interest Rate Swaps [Abstract]
Interest Rate Swaps	11. Interest Rate Swaps The Company enters into interest rate swaps that allow our commercial loan customers to effectively convert a variable-rate commercial loan agreement to a fixed-rate commercial loan agreement. Under these agreements, the Company enters into a variable-rate loan agreement with a customer in addition to an interest rate swap agreement, which serves to effectively swap the customer’s variable-rate into a fixed-rate. The Company then enters into a corresponding swap agreement with a third party in order to economically hedge its exposure through the customer agreement. The interest rate swaps with both the customers and third parties are not designated as hedges under FASB ASC 815 and are not marked to market through earnings. As the interest rate swaps are structured to offset each other, changes to the underlying benchmark interest rates considered in the valuation of these instruments do not result in an impact to earnings; however, there may be fair value adjustments related to credit quality variations between counterparties, which may impact earnings as required by FASB ASC 820. There was no effect on earnings in any periods presented. At September 30, 2021 and December 31, 2020, based upon the swap contract values, the company pledged cash in the amount of $350,000 as collateral for its interest rate swaps with a third-party financial institution. The fair value of the swaps as of September 30, 2021 and December 31, 2020 was $171,000 and $276,000, respectively. ‎ Summary information regarding these derivatives is presented below: (Amounts in thousands) Notional Amount Fair Value September 30, 2021 December 31, 2020 Interest Rate Paid Interest Rate Received September 30, 2021 December 31, 2020Customer interest rate swap Maturing November, 2030$ 6,962 $ 7,2221 month LIBOR + MarginFixed $ 106 $ 165Maturing December, 2030 4,615 4,8001 month LIBOR + MarginFixed 65 111 Total $ 11,577 $ 12,022 $ 171 $ 276 Third party interest rate swap Maturing November, 2030$ 6,962 $ 7,222 Fixed1 month LIBOR + Margin$ 106 $ 165Maturing December, 2030 4,615 4,800 Fixed1 month LIBOR + Margin 65 111 Total $ 11,577 $ 12,022 $ 171 $ 276 The following table presents the fair values of derivative instruments in the Consolidated Balance Sheet. (Amounts in thousands) Assets Liabilities Balance Sheet Location Fair Value Balance Sheet Location Fair ValueSeptember 30, 2021 Interest rate derivatives Other assets$ 171 Other liabilities$ 171 December 31, 2020 Interest rate derivatives Other assets 276 Other liabilities 276

Interest Rate Swaps

9 Months Ended

Sep. 30, 2021

11. Interest Rate Swaps The Company enters into interest rate swaps that allow our commercial loan customers to effectively convert a variable-rate commercial loan agreement to a fixed-rate commercial loan agreement. Under these agreements, the Company enters into a variable-rate loan agreement with a customer in addition to an interest rate swap agreement, which serves to effectively swap the customer’s variable-rate into a fixed-rate. The Company then enters into a corresponding swap agreement with a third party in order to economically hedge its exposure through the customer agreement. The interest rate swaps with both the customers and third parties are not designated as hedges under FASB ASC 815 and are not marked to market through earnings. As the interest rate swaps are structured to offset each other, changes to the underlying benchmark interest rates considered in the valuation of these instruments do not result in an impact to earnings; however, there may be fair value adjustments related to credit quality variations between counterparties, which may impact earnings as required by FASB ASC 820. There was no effect on earnings in any periods presented. At September 30, 2021 and December 31, 2020, based upon the swap contract values, the company pledged cash in the amount of $350,000 as collateral for its interest rate swaps with a third-party financial institution. The fair value of the swaps as of September 30, 2021 and December 31, 2020 was $171,000 and $276,000, respectively. ‎ Summary information regarding these derivatives is presented below: (Amounts in thousands) Notional Amount Fair Value September 30, 2021 December 31, 2020 Interest Rate Paid Interest Rate Received September 30, 2021 December 31, 2020Customer interest rate swap Maturing November, 2030$ 6,962 $ 7,2221 month LIBOR + MarginFixed $ 106 $ 165Maturing December, 2030 4,615 4,8001 month LIBOR + MarginFixed 65 111 Total $ 11,577 $ 12,022 $ 171 $ 276 Third party interest rate swap Maturing November, 2030$ 6,962 $ 7,222 Fixed1 month LIBOR + Margin$ 106 $ 165Maturing December, 2030 4,615 4,800 Fixed1 month LIBOR + Margin 65 111 Total $ 11,577 $ 12,022 $ 171 $ 276 The following table presents the fair values of derivative instruments in the Consolidated Balance Sheet. (Amounts in thousands) Assets Liabilities Balance Sheet Location Fair Value Balance Sheet Location Fair ValueSeptember 30, 2021 Interest rate derivatives Other assets$ 171 Other liabilities$ 171 December 31, 2020 Interest rate derivatives Other assets 276 Other liabilities 276