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Derivatives (Tables) | 12 Months Ended
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Dec. 31, 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
December 31, 2023 |  |  |  |  |  |  |  |  |
Classified in Other Assets: |  |  |  |  |  |  |  |  |
3rd party interest rate swap | 1,327 |  |  | 5.5 |  | 4.38 | % |  | 1 Mo. SOFR + 2.00% |  | 74 |
Classified in Other Liabilities: |  |  |  |  |  |  |  |  |
Customer interest rate swap | 1,327 |  |  | 5.5 |  | 4.38 | % |  | 1 Mo. SOFR + 2.00% |  | (74) |
December 31, 2022 |  |  |  |  |  |  |  |  |
Classified in Other Assets: |  |  |  |  |  |  |  |  |
3rd party interest rate swap | $ | 4,736 |  |  | 6.3 |  | 5.25 | % |  | 1 Mo. LIBOR + 1.96% |  | $ | 106 |
3rd party interest rate swap | 1,363 |  |  | 6.5 |  | 4.38 | % |  | 1 Mo. LIBOR + 2.00% |  | 97 |
Classified in Other Liabilities: |  |  |  |  |  |  |  |  |
Customer interest rate swap | $ | 4,736 |  |  | 6.3 |  | 5.25 | % |  | 1 Mo. LIBOR + 1.96% |  | $ | (106) |
Customer interest rate swap | 1,363 |  |  | 6.5 |  | 4.38 | % |  | 1 Mo. LIBOR + 2.00% |  | (97) |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | For the year ended December 31, 2021, changes in the consolidated statements of comprehensive income related to interest rate derivatives designated as hedges of cash flows were as follows:
(In thousands) | Year Ended December 31, 2021
Interest rate swap designated as cash flow hedge: |
Unrealized gain recognized in accumulated other comprehensive income before reclassifications | $ | 149 |
Amounts reclassified from accumulated other comprehensive income | (149) |
Other comprehensive income | $ | — |

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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