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Derivatives (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following table presents summary information regarding these derivatives for the periods presented (dollars in thousands):

(In thousands)			Notional Amount						Maturity (Years)						Fixed Rate						Variable Rate						Fair Value
September 30, 2023
Classified in Other Assets:
3rd party interest rate swap			$	4,652					5.59						5.25		%				1 Mo. SOFR + 1.96%						$	247
3rd party interest rate swap			1,337						5.76						4.38		%				1 Mo. SOFR + 2.00%						125
Classified in Other Liabilities:
Customer interest rate swap			$	4,652					5.59						5.25		%				1 Mo. SOFR + 1.96%						$	(247)
Customer interest rate swap			1,337						5.76						4.38		%				1 Mo. SOFR + 2.00%						(125)
December 31, 2022
Classified in Other Assets:
3rd party interest rate swap			$	4,736					6.30						5.25		%				1 Mo. LIBOR + 1.96%						$	106
3rd party interest rate swap			1,363						6.50						4.38		%				1 Mo. LIBOR + 2.00%						97
Classified in Other Liabilities:
Customer interest rate swap			$	4,736					6.30						5.25		%				1 Mo. LIBOR + 1.96%						$	(106)
Customer interest rate swap			1,363						6.50						4.38		%				1 Mo. LIBOR + 2.00%						(97)

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- References

No definition available.

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- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

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