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Derivatives (Tables)
 9 Months Ended
Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments [Table Text Block]
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
Derivative Instruments, Gain (Loss) [Table Text Block]
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
Hedged Instrument Disclosure [Table Text Block]
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