Interest Rate Swap Derivatives

Schedule of pretax net gains (losses) of designated cash flow hedges

The table below presents the pre-tax net gains (losses) of the Company’s designated cash flow hedges for the years ended December 31, 2019 and December 31, 2018.


The Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income
					Location of Gain or (Loss)
					Recognized from
					Accumulated Other	Amount of Gain or (Loss)
	Amount of Gain or (Loss) Recognized in OCI				Comprehensive Income into	Reclassified from Accumulated OCI
	on Derivative				Income	into Income
	Year Ended December 31,					Year Ended December 31,
Derivatives in Subtopic 815-20 Hedging Relationships (dollars in thousands)	2019		2018			2019		2018
Derivatives in Cash Flow Hedging Relationships
Interest Rate Products	$	(1,812)	$	2,070	Interest Expense	$	1,165	$	560
Total	$	(1,812)	$	2,070		$	1,165	$	560

					Location of Gain or (Loss)
					Recognized from
					Accumulated Other	Amount of Gain or (Loss)
	Amount of Gain or (Loss) Recognized in OCI				Comprehensive Income into	Reclassified from Accumulated OCI
	on Derivative				Income	into Income
	Year Ended December 31,					Year Ended December 31,
Derivatives in Subtopic 815-20 Hedging Relationships (dollars in thousands)	2019		2018			2019		2018
Derivatives in Cash Flow Hedging Relationships
Interest Rate Products	$	(1,812)	$	2,070	Interest Expense	$	1,165	$	560
Interest Rate Products		—		—	Gain on sale of investment securities		829		—
Total	$	(1,812)	$	2,070		$	1,994	$	560

Schedule of offsetting liabilities of derivatives

The following table presents the liabilities subject to an enforceable master netting arrangement as of December 31, 2019 and December 31, 2018.

As of December 31, 2019

Net

Amounts of

Gross

Assets

Gross Amounts Not Offset in the

Gross

Amounts

presented

Balance Sheet

Amounts of

Offset in

in the

Cash

Recognized

the Balance

Balance

Financial

Collateral

Net

Offsetting of Derivative Assets (dollars in thousands)

Assets

Sheet

Instruments

Posted

Amount

$

311

$

—

$

311

$

—

$

—

$

311

Net

Amounts of

Gross

Liabilities

Gross Amounts Not Offset in the

Gross

Amounts

presented

Balance Sheet

Amounts of

Offset in

in the

Cash

Recognized

the Balance

Balance

Financial

Collateral

Net

Offsetting of Derivative Liabilities (dollars in thousands)

Liabilities

Sheet

Instruments

Posted

Amount

Derivatives

$

611

$

—

$

611

$

—

$

500

$

111

As of December 31, 2018

Net

Amounts of

Gross

Assets

Gross Amounts Not Offset in the

Gross

Amounts

presented

Balance Sheet

Amounts of

Offset in

in the

Cash

Recognized

the Balance

Balance

Financial

Collateral

Net

Offsetting of Derivative Assets (dollars in thousands)

Assets

Sheet

Instruments

Posted

Amount

Derivatives

$

3,840

$

—

$

3,840

$

—

$

—

$

3,840

Net

Amounts of

Gross

Liabilities

Gross Amounts Not Offset in the

Gross

Amounts

presented

Balance Sheet

Amounts of

Offset in

in the

Cash

Recognized

the Balance

Balance

Financial

Collateral

Net

Offsetting of Derivative Liabilities (dollars in thousands)

Liabilities

Sheet

Instruments

Posted

Amount

Derivatives

$

59

$

—

$

59

$

—

$

—

$

59