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Financial Instruments with Off-Balance Sheet Risk and Derivative Transactions (Tables)

6 Months Ended

Jun. 30, 2017

Financial Instruments with Off-Balance Sheet Risk and Derivative Transactions

Summary information about the interest rate swap designated as a cash flow hedge

Summary information about the interest rate swap designated as a cash flow hedge is as follows:

		As of
		June 30, 2017				December 31, 2016
Notional amount		$	25,774			$	25,774
Unrealized loss			(1,458)				(994)

Schedule of derivatives not designated as hedging instruments

					Asset Derivatives					Liability Derivatives
		Notional or
		Contractual			Balance Sheet					Balance Sheet
		Amount			Location		Fair Value			Location		Fair Value
Interest rate swap contracts net of credit valuation		$	101,613		Other Assets		$	385		Other Liabilities		$	385
Interest rate lock commitments and forward contracts			37,142		Other Assets			319		N/A			-
Total							$	704				$	385

1 Includes unused loan commitments and interest rate lock commitments.

2 Includes forward MBS contracts and forward loan contracts.

The following table presents derivatives not designated as hedging instruments as of December 31, 2016.

					Asset Derivatives					Liability Derivatives
		Notional or
		Contractual			Balance Sheet					Balance Sheet
		Amount			Location		Fair Value			Location		Fair Value
Interest rate swap contracts net of credit valuation		$	85,807		Other Assets		$	673		Other Liabilities		$	673
Interest rate lock commitments and forward contracts			31,980		Other Assets			287		N/A			-
Total							$	960				$	673

1  Includes unused loan commitments and interest rate lock commitments.

2  Includes forward MBS contracts and forward loan contracts.

Schedule of financial instrument commitments

		June 30, 2017									December 31, 2016
		Fixed			Variable			Total			Fixed			Variable			Total
Letters of credit:
Borrower:
Financial standby		$	167		$	3,979		$	4,146		$	137		$	4,047		$	4,184
Commercial standby			-			122			122			-			126			126
Performance standby			66			8,315			8,381			83			8,499			8,582
			233			12,416			12,649			220			12,672			12,892
Non-borrower:
Performance standby			-			422			422			95			524			619
Total letters of credit		$	233		$	12,838		$	13,071		$	315		$	13,196		$	13,511

X

- Definition

Tabular disclosure of the entity's contractual commitments due to letters of credit commitments that relate to properties held in other real estate owned.

+ References

No definition available.

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- Definition

Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

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- Definition

Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

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