DERIVATIVES - Cash flow hedges included in the Consolidated Statement of Financial Condition (Details) $ in Thousands |
12 Months Ended |
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Dec. 31, 2020
USD ($)
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| Derivatives, Fair Value [Line Items] | |
| Notional Amount | $ 30,000 |
| Fair Value | $ 574 |
| Weighted average rate paid (Fixed) | 2.50% |
| Weighted average maturity years | 9 years 6 months |
| LIBOR plus a weighted average margin | 1.83% |
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- Definition Average fixed interest rate related to the group of interest rate derivatives. No definition available.
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- Definition Average remaining period until maturity of the derivative contract, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Nominal or face amount used to calculate payments on the derivative liability. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Fair value of all derivative liabilities designated as fair value hedging instruments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The percentage points (also referred to as 'margin') added to the reference rate as stated in the loan agreement and used to compute the variable rate on the loans receivable. For instance, the loan agreement might state that the interest rate the borrower is obligated to pay is the London Interbank Offered Rate (LIBOR) plus three quarters (3/4) of a percentage point adjusted quarterly (each three months). LIBOR in this example is the index or reference rate, 3/4 percentage point is the margin, the reference rate plus the margin is the fully indexed rate. This element would be used to report separately the margin. No definition available.
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