Summary of the interest-rate swaps designated as cash flow hedges

A summary of the interest-rate swaps designated as cash flow hedges is presented below (dollars in thousands):


	Years Ended December 31,
	2020			2019
Notional amount	$	70,000		$	70,000
Weighted average fixed pay rates		1.80	%		1.80	%
Weighted average variable 3-month LIBOR receive rates		0.22	%		1.90	%
Weighted average maturity, in years		2.85	yrs		3.86	yrs
Unrealized gains (losses), net of tax	$	(2,184)		$	(200)

Summary of gross gains and losses on derivative assets and liabilities recorded in non-interest income and expense in consolidated statements of income

The following table reflects the net gains (losses) recorded in accumulated other comprehensive income (loss) and the Consolidated Statements of Income relating to cash flow derivative instruments for the periods presented (dollars in thousands):


	Years Ended December 31,
Interest rate contracts		2020		2019
Amount of gain (loss) recognized in OCI	$	(2,526)	$	(202)
Amount of (gain) loss reclassified from OCI to interest expense		542		2

Summary of fair values of derivative assets and liabilities recorded in consolidated balance sheet

The following table reflects the amount and fair value of derivative assets and liabilities related to customer interest rate swaps recorded in the Consolidated Balance Sheets for the periods presented (dollars in thousands):


	Derivative Asset				Derivative Liability
	Notional		Fair		Notional		Fair
December 31, 2020	Amount		Value		Amount		Value
Interest rate swaps - pay floating, receive fixed	$	394,954	$	32,685	$	—	$	—
Interest rate swaps - pay fixed, receive floating		—		—		394,954		32,685
Derivatives not designated as hedging instruments	$	394,954	$	32,685	$	394,954	$	32,685

	Derivative Asset				Derivative Liability

	Notional		Fair		Notional		Fair
December 31, 2019	Amount		Value		Amount		Value
Interest rate swaps - pay floating, receive fixed	$	290,418	$	12,354	$	—	$	—
Interest rate swaps - pay fixed, receive floating		—		—		290,418		12,354
Derivatives not designated as hedging instruments	$	290,418	$	12,354	$	290,418	$	12,354

Summary of gross gains and losses on derivative assets and liabilities recorded in non-interest income and expense in consolidated statements of income

Net gains (losses) relating to these derivative instruments are summarized as follows for the periods presented (dollars in thousands):


		Years Ended December 31,
	Location	2020		2019		2018
Interest rate lock commitments	Mortgage revenue	$	9,667	$	3,988	$	1,757
Forward sales commitments	Mortgage revenue		(18,329)		(6,751)		(3,110)
Net gains (losses)		$	(8,662)	$	(2,763)	$	(1,353)