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Note 8 - Derivatives (Tables)

6 Months Ended

Jun. 30, 2021

Notes Tables

Schedule of Derivative Instruments [Table Text Block]

(In thousands)		Notional Amount				Maturity (Years)				Fixed Rate			Variable Rate		Fair Value
June 30, 2021
Classified in Other Assets:
Customer interest rate swap		$	4,894				7.8				5.25	%	1 Mo. LIBOR + 1.96%		$	763
Customer interest rate swap			1,414				8.0				4.38	%	1 Mo. LIBOR + 2.00%			130
Classified in Other Liabilities:
3rd party interest rate swap		$	4,894				7.8				5.25	%	1 Mo. LIBOR + 1.96%		$	(763	)
3rd party interest rate swap			1,414				8.0				4.38	%	1 Mo. LIBOR + 2.00%			(130	)
Classified in Other Assets:
Interest rate swap cash flow hedge		$	50,000				6.8				1.10	%	1 Mo. LIBOR		$	168
December 31, 2020
Classified in Other Assets:
Customer interest rate swap		$	4,911				8.3				5.25	%	1 Mo. LIBOR + 1.96%		$	997
Customer interest rate swap			1,431				8.5				4.38	%	1 Mo. LIBOR + 2.00%			190
Classified in Other Liabilities:
3rd party interest rate swap		$	4,911				8.3				5.25	%	1 Mo. LIBOR + 1.96%		$	(997	)
3rd party interest rate swap			1,431				8.5				4.38	%	1 Mo. LIBOR + 2.00%			(190	)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

		Three Months Ended				Six Months Ended
(In thousands)		June 30, 2021				June 30, 2021
Interest rate swap designated as cash flow hedge:
Unrealized gain recognized in accumulated other comprehensive income before reclassifications		$	253			$	253
Amounts reclassified from accumulated other comprehensive income			(85	)			(85	)
Income tax expense on items recognized in accumulated other comprehensive income			(44	)			(44	)
Other comprehensive income		$	124			$	124

X

- Definition

Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

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