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Interest Rate Swaps (Tables)
 12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Amounts and Locations of Activity Related to Interest Rate Swaps

The following tables provide information about the amounts and locations of activity related to the interest rate swaps designated as cash flow hedges within the Corporation’s consolidated balance sheet and statement of income as of December 31, 2019 and 2018 and for the years ended December 31, 2019, 2018, and 2017:
As of December 31
Liability Derivative
 
 
 
Balance Sheet
Fair value
 
 
 
 
Location
2019
2018
 
 
 
Interest rate contract
Accrued interest payable and other liabilities
$(485)
$(201)
 
 
 
For the Year Ended December 31, 2019
(a)
(b)
 
(c)
(d)
(e)
Interest rate contract
$(225)
Interest expense – subordinated debentures
$(63)
Other
income
$0
For the Year Ended December 31, 2018
 
 
 
 
 
 
Interest rate contract
$(32)
Interest expense – subordinated
debentures
$(164)
Other
income
$0
For the Year Ended December 31, 2017
 
 
 
 
 
 
Interest rate contract
$194
Interest expense – subordinated debentures
$(288)
Other
income
$0
 
(a)
Amount of Gain or (Loss) Recognized in Other Comprehensive Loss on Derivative (Effective Portion), net of tax
(b)
Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)
(c)
Amount of Loss Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)
(d)
Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
(e)
Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Amounts and Locations of Activity Related to Back-to-Back Interest Rate Swaps

The following table provides information about the amounts and locations of activity related to the back-to-back interest rate swaps within the Corporation’s consolidated balance sheet as of December 31, 2019 and 2018: 
 
Notional
Amount
 
Average
Maturity
(in years)
 
Weighted
Average
Fixed Rate
 
Weighted
Average Variable Rate
 
Fair
Value
December 31, 2019
 
 
 
 
 
 
 
 
 
3rd Party interest rate swaps
$
35,382

 
7.7
 
4.13
%
 
1 month LIBOR + 2.27%
 
1,877 (a)
Customer interest rate swaps
(35,382
)
 
7.7
 
4.13
%
 
1 month LIBOR + 2.27%
 
(1,877) (b)
December 31, 2018
 
 
 
 
 
 
 
 
 
3rd Party interest rate swaps
$
23,152

 
7.2
 
3.85
%
 
1 month LIBOR + 2.24%
 
485 (a)
Customer interest rate swaps
(23,152
)
 
7.2
 
3.85
%
 
1 month LIBOR + 2.24%
 
(485) (b)
 
(a)
Reported in accrued interest receivable and other assets within the consolidated balance sheets
(b)
Reported in accrued interest payable and other liabilities within the consolidated balance sheets