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Derivatives (Tables)

6 Months Ended

Jun. 30, 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 for the periods presented are as follows (in thousands):

Liability derivatives		Balance Sheet Location		Weighted Average Remaining Maturity (In Years)		Weighted Average Pay Rate		Receive Rate		Notional Amount				Estimated Fair Value
June 30, 2019:
Interest rate swap agreements - securities		Other liabilities		8.70		3.09%		3 month LIBOR		$	36,000			$	(3,411	)
December 31, 2018:
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 reported in interest income on tax-exempt available-for-sale securities

on the consolidated income statement were as follows (in thousands):

		Three Months Ended June 30,								Six Months Ended June 30,
		2019				2018				2019				2018
Interest income on tax-exempt securities		$	449			$	—			$	906			$	—
Effects of fair value hedge relationships		(38		)		—				(70		)		—
Reported interest income on tax-exempt securities		$	411			$	—			$	836			$	—
		Three Months Ended June 30,								Six Months Ended June 30,
Gain (loss) on fair value hedging relationship		2019				2018				2019				2018
Interest rate swap agreements - securities:
Hedged items		$	1,348			—				$	2,237			—
Derivative designated as hedging instruments		(1,348		)		—				(2,237		)		—

Schedule of Fair Value Hedges

The following amounts were recorded on the balance sheet related to cumulative basis adjustments for fair value hedges (in thousands):

Line item on the balance sheet		Carrying Amount of the Hedged Assets				Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets
June 30, 2019:
Securities available-for-sale		$	42,850			$	3,411
December 31, 2018:
Securities available-for-sale		$	39,730			$	1,174

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- References

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
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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

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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

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