Interest Rate Swaps	12 Months Ended
Dec. 31, 2021
Interest Rate Swaps [Abstract]
Interest Rate Swaps	NOTE 15 – 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 December 31, 2021, 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 which had a fair value $235,000. Summary information regarding these derivatives is presented below: (Amounts in thousands) Notional Amount, December 31, Fair Value December 31, 2021 2020 Interest Rate Paid Interest Rate Received 2021 2020Customer interest rate swap Maturing November, 2030 $ 6,873 $ 7,222 1 month LIBOR + Margin Fixed $ 144 $ 165Maturing December, 2030 4,553 4,800 1 month LIBOR + Margin Fixed 91 111 Total $ 11,426 $ 12,022 $ 235 $ 276 Third party interest rate swap Maturing November, 2030 $ 6,873 $ 7,222 Fixed 1 month LIBOR + Margin $ 144 $ 165Maturing December, 2030 4,553 4,800 Fixed 1 month LIBOR + Margin 91 111 Total $ 11,426 $ 12,022 $ 235 $ 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 ValueDecember 31, 2021 Interest rate derivatives Other assets$ 235 Other liabilities$ 235 December 31, 2020 Interest rate derivatives Other assets 276 Other liabilities 276

Interest Rate Swaps

12 Months Ended

Dec. 31, 2021

NOTE 15 – 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 December 31, 2021, 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 which had a fair value $235,000. Summary information regarding these derivatives is presented below: (Amounts in thousands) Notional Amount, December 31, Fair Value December 31, 2021 2020 Interest Rate Paid Interest Rate Received 2021 2020Customer interest rate swap Maturing November, 2030 $ 6,873 $ 7,222 1 month LIBOR + Margin Fixed $ 144 $ 165Maturing December, 2030 4,553 4,800 1 month LIBOR + Margin Fixed 91 111 Total $ 11,426 $ 12,022 $ 235 $ 276 Third party interest rate swap Maturing November, 2030 $ 6,873 $ 7,222 Fixed 1 month LIBOR + Margin $ 144 $ 165Maturing December, 2030 4,553 4,800 Fixed 1 month LIBOR + Margin 91 111 Total $ 11,426 $ 12,022 $ 235 $ 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 ValueDecember 31, 2021 Interest rate derivatives Other assets$ 235 Other liabilities$ 235 December 31, 2020 Interest rate derivatives Other assets 276 Other liabilities 276