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Derivatives (Tables)
6 Months Ended
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summarize Key Elements of Derivative Instruments

The following table summarize key elements of the Company's derivative instruments at June 30, 2023 and December 31, 2022.

 

 

June 30, 2023

 

 

 

Notional Amount

 

 

Assets

 

 

Liabilities

 

 

 

(in thousands)

 

Customer-related interest rate swap contracts:

 

 

 

 

 

 

 

 

 

Matched interest rate swaps with borrower

 

$

22,849

 

 

$

1,166

 

 

$

 

Matched interest rate swaps with counterparty

 

 

22,849

 

 

 

 

 

 

1,166

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2022

 

 

 

Notional Amount

 

 

Assets

 

 

Liabilities

 

 

 

(in thousands)

 

Customer-related interest rate swap contracts:

 

 

 

 

 

 

 

 

 

Matched interest rate swaps with borrower

 

$

23,141

 

 

$

1,017

 

 

$

 

Matched interest rate swaps with counterparty

 

 

23,141

 

 

 

 

 

 

1,017