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Derivatives (Notes) | 9 Months Ended
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Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | Derivatives The Company utilizes an interest rate swap, designated as a fair value hedge, to mitigate the risk of changing interest rates on the fair value of a fixed rate commercial real estate loan. For derivative instruments that are designed and qualify as a fair value hedge, the gain or loss on the derivative instrument, as well as the offsetting loss or gain in the hedged asset attributable to the hedged risk, is recognized in current earnings. A summary of the Company's fair value hedge as of September 30, 2019, is as follows (in thousands):
|  | September 30, 2019
Derivative |  | Balance Sheet Location |  | Weighted Average Remaining Maturity (Years) |  | Pay Rate |  | Received Rate |  | Notional Amount |  | Estimated Value
Interest rate swap agreement |  | Other liabilities |  | 9.7 years |  | 4.5 | % |  | 1 month LIBOR + 231.5bps |  | $ | 9,731 |  |  | $ | 605 |
The effects of the fair value hedge on the Company's income statement during the three and nine months ended September 30, 2019 were as follows (in thousands):
|  |  |  | Three months ended September 30, |  | Nine months ended September 30,
Derivative |  | Location of Gain (Loss) on Derivative |  | 2019 |  | 2019
Interest rate swap agreement |  | Interest income on loans |  | $ | (312 | ) |  | $ | (605 | )
|  |  |  | Three months ended September 30, |  | Nine months ended September 30,
Derivative |  | Location of Gain (Loss) on Hedged Item |  | 2019 |  | 2019
Interest rate swap agreement |  | Interest income on loans |  | $ | 312 |  |  | $ | 605 |
As of September 30, 2019, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges (in thousands):
Line Item in the Balance Sheet in Which the Hedge Item is Included |  | Carrying Amount of the Hedged Asset |  | Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Asset
Loans |  |  | $ | 9,126 |  |  |  |  | $ | 605 |

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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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