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Note 8 - Derivatives and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
 

December 31, 2022

 

December 31, 2021

 

(Dollars in thousands)

Balance Sheet Location

 

Fair Value

 

Balance Sheet Location

 

Fair Value

 

Derivatives designated as hedging instruments

          

Interest rate contracts

Other Assets

 $9,204 

Other Assets

 $- 

Interest rate contracts

Other Liabilities

 $5,823 

Other Liabilities

 $- 
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]
  

Location and Amount of Gain or (Loss)

  

Location and Amount of Gain or (Loss)

 
  

Recognized in Income on Fair Value and Cash Flow Hedging Relationships

  

Recognized in Income on Fair Value and Cash Flow Hedging Relationships

 
  

Year Ended December 31, 2022

  

Year Ended December 31, 2021

 
(Dollars in thousands) 

Interest Income

  

Interest Expense

  

Interest Income

  

Interest Expense

 

Total amounts of income and expense line items presented in the consolidated statements of income in which the effects of fair value or cash flow hedges are recorded

 $(55) $(825) $-  $- 
                 

Gain or (loss) on fair value hedging relationships:

                
                 

Hedged items

 $(1,930) $-  $-  $- 

Derivatives designated as hedging instruments

 $2,171  $-  $-  $- 

Amount excluded from effectiveness testing recognized in earnings based on amortization approach

 $(496) $-  $-  $- 
                 

Gain or (loss) on cash flow hedging relationships:

                

Interest rate contracts:

                

Amount of gain or (loss) reclassified from accumulated other comprehensive income into income

 $-  $-  $-  $- 

Amount excluded from effectiveness testing recognized in earnings based on amortization approach

 $-  $(503) $-  $- 
Schedule of Net Investment Hedges, Statements of Financial Performance and Financial Position, Location [Table Text Block]
      

12/31/2022

 
      

Cumulative amount of Fair

 
(Dollars in thousands)     

Value Hedging Adjustment

 

Line Item in the Statement of

     

included in the carrying

 

Financial Position in which the

 

Amortized cost of the

  

amount of the Hedged

 

Hedged Item is included

 

Hedged Assets/(Liabilities)

  

Assets/(Liabilities)

 
         

Securities available for sale

 $225,851  $1,930