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Note 8 - Derivatives (Tables)
6 Months Ended
Jun. 30, 2022
Notes Tables  
Schedule of Derivative Instruments [Table Text Block]

(In thousands)

 

Notional

Amount

  

Maturity

(Years)

  

Fixed

Rate

 

Variable
Rate

 

Fair Value

 

June 30, 2022

                 

Classified in Other Assets:

                 

Customer interest rate swap

 $4,790   6.8   5.25%

1 Mo. LIBOR + 1.96%

 $136 

Customer interest rate swap

  1,381   7.0   4.38%

1 Mo. LIBOR + 2.00%

  (35)
                  

Classified in Other Liabilities:

                 

3rd party interest rate swap

 $4,790   6.8   5.25%

1 Mo. LIBOR + 1.96%

 $(136)

3rd party interest rate swap

  1,381   7.0   4.38%

1 Mo. LIBOR + 2.00%

  35 
                  

December 31, 2021

                 

Classified in Other Assets:

                 

Customer interest rate swap

 $4,843   7.3   5.25%

1 Mo. LIBOR + 1.96%

 $638 

Customer interest rate swap

  1,398   7.5   4.38%

1 Mo. LIBOR + 2.00%

  100 
                  

Classified in Other Liabilities:

                 

3rd party interest rate swap

 $4,843   7.3   5.25%

1 Mo. LIBOR + 1.96%

 $(638)

3rd party interest rate swap

  1,398   7.5   4.38%

1 Mo. LIBOR + 2.00%

  (100)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
  

Three and Six Months Ended

 

(In thousands)

 

June 30, 2021

 

Interest rate swap designated as cash flow hedge:

    

Unrealized gain recognized in accumulated other comprehensive income before reclassifications

 $253 

Amounts reclassified from accumulated other comprehensive income

  (85)

Income tax effect on items recognized in accumulated other comprehensive income

  (44)

Other comprehensive income

 $124