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Derivatives (Tables) | 3 Months Ended
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Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value Hedge Relationships in Balance Sheet | A summary of the Company's fair value hedge relationships as of March 31, 2019 and December 31, 2018 are as follows (in thousands):
|  |  |  |  | March 31, 2019
| Balance Sheet Location | Weighted Average Remaining Maturity (In Years) | Weighted Average Pay Rate | Receive Rate | Notional Amount | Estimated Fair Value
Liability derivatives |  |  |  |  |  |
Interest rate swap agreements - securities | Other liabilities | 8.95 | 3.09% | 3 month LIBOR | $36,000 | -$2,063
|  |  |  |  | December 31, 2018
| Balance Sheet Location | Weighted Average Remaining Maturity (In Years) | Weighted Average Pay Rate | Receive Rate | Notional Amount | Estimated Fair Value
Liability derivatives |  |  |  |  |  |
Interest rate swap agreements - securities | Other liabilities | 9.23 | 3.10% | 3 month LIBOR | $35,000 | -$1,174
Schedule of Fair Value Hedge Relationships on Income Statement | The effects of the Company's fair value hedge relationships on the income statement during the three months ended March 31, 2019 were as follows (in thousands):
| Three Months Ended March 31, 2019
| Interest Income
Total amount of income and expense line items presented in the consolidated statements of income | $26,943
Gain (loss) on fair value hedging relationship |
Interest rate swap agreements - securities: |
Hedged items | (2,063)
Derivative designated as hedging instruments | 2,063
There were no hedging relationships as of March 31, 2018. |
Schedule of Fair Value Hedges | The following amounts were recorded on the balance sheet related to cumulative basis adjustments for fair value hedges at March 31, 2019 and December 31, 2018:
| Carrying Amount of the Hedged Assets (in thousands) | Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets
Line item on the balance sheet | March 31, 2019 | March 31, 2019
Securities available-for-sale | $41,587 | $2,063
Line item on the balance sheet | December 31, 2018 | December 31, 2018
Securities available-for-sale | $39,730 | $1,174

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure for fair value 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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