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Derivatives (Notes) | 12 Months Ended
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Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | Derivatives The Company utilizes interest rate swaps, designated as fair value hedges, to mitigate the risk of changing interest rates on the fair value of fixed rate loans. 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 hedges as of December 31, 2019 is as follows (in thousands):
|  | December 31, 2019
Derivative |  | Balance Sheet Location |  | Weighted Average Remaining Maturity (Years) |  | Pay Rate |  | Received Rate Range |  | Notional Amount |  | Estimated Value
Interest rate swap agreements |  | Other liabilities |  | 9.3 |  | 4.21 | % |  | 1 month LIBOR + 201.9 bps to 1 month LIBOR + 231.5 bps |  | $ | 14,748 |  |  | $ | 325 |
The effects of fair value hedges on the Company's income statement during the twelve months ended December 31, 2019 were as follows (in thousands):
|  |  |  |  |  |  |  | Twelve months ended December 31,
Derivative |  | Location of Gain (Loss) on Derivative |  | 2019
Interest rate swap agreements |  | Interest income on loans |  | $ | (325 | )
|  |  |  |  |  |  |  | Twelve months ended December 31,
Derivative |  | Location of Gain (Loss) on Hedged Items |  | 2019
Interest rate swap agreements |  | Interest income on loans |  | $ | 325 |
As of December 31, 2019, the following amounts were recorded on the balance sheet related to the cumulative basis adjustment for fair value hedges (in thousands):
Line Item in the Balance Sheet in Which the Hedge Items are Included |  | Carrying Amount of the Hedged Assets |  | Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Assets
Loans |  |  |  | $14,423 |  | $325

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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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