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Derivative Financial Instruments and Hedging Activities - (Tables) | 9 Months Ended
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Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | Information on our interest rate swaps is shown in the derivative tables below:
| Asset Derivatives |  | Liability Derivatives
(in thousands) | September 30, 2019 | December 31, 2018 |  | September 30, 2019 | December 31, 2018
Fair value hedges: |  |  |  |  |
Interest rate contracts notional amount | $ | — |  | $ | 8,895 |  |  | $ | 17,199 |  | $ | 9,016 |
Interest rate contracts fair value1 | $ | — |  | $ | 161 |  |  | $ | 1,603 |  | $ | 375 |
1 See Note 3, Fair Value of Assets and Liabilities, for valuation methodology. The following table presents the carrying amount and associated cumulative basis adjustment related to the application of fair value hedge accounting that is included in the carrying amount of hedged assets as of September 30, 2019 and December 31, 2018:
| Carrying Amounts of Hedged Assets |  | Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Loans
(in thousands) | September 30, 2019 | December 31, 2018 |  | September 30, 2019 | December 31, 2018
Loans | $ | 18,564 |  | $ | 17,917 |  |  | $ | 1,365 |  | $ | 6 |
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | The following table presents the net gains (losses) recognized in interest income on loans on the consolidated statements of comprehensive income related to our derivatives designated as fair value hedges:
| Three months ended | Nine months ended
(in thousands) | September 30, 2019 | September 30, 2018 | September 30, 2019 | September 30, 2018
Interest and fees on loans 1 | $ | 21,525 |  | $ | 20,284 |  | $ | 63,208 |  | $ | 58,795 |
(Decrease) increase in value of designated interest rate swaps due to LIBOR interest rate movements | $ | (485 | ) | $ | 222 |  | $ | (1,389 | ) | $ | 939 |
Payment on interest rate swaps | (23 | ) | (32 | ) | (49 | ) | (127 | )
Increase (decrease) in value of hedged loans | 424 |  | (231 | ) | 1,359 |  | (924 | )
Decrease in value of yield maintenance agreement | (3 | ) | (4 | ) | (10 | ) | (11 | )
Net losses on fair value hedging relationships recognized in interest income | $ | (87 | ) | $ | (45 | ) | $ | (89 | ) | $ | (123 | )
1 Represents the income line item in the statement of comprehensive income in which the effects of fair value hedges are recorded.
Offsetting Assets | Information on financial instruments that are eligible for offset in the consolidated statements of condition follows:
Offsetting of Financial Assets and Derivative Assets
|  | Gross Amounts | Net Amounts of | Gross Amounts Not Offset in |
| Gross Amounts | Offset in the | Assets Presented | the Statements of Condition |
| of Recognized | Statements of | in the Statements | Financial | Cash Collateral |
(in thousands) | Assets | Condition | of Condition | Instruments | Received | Net Amount
September 30, 2019 |  |  |  |  |  |
Derivatives by Counterparty: |  |  |  |  |  |
Counterparty A | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Total | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
December 31, 2018 |  |  |  |  |  |
Derivatives by Counterparty: |  |  |  |  |  |
Counterparty A | $ | 161 |  | $ | — |  | $ | 161 |  | $ | (161 | ) | $ | — |  | $ | — |
Total | $ | 161 |  | $ | — |  | $ | 161 |  | $ | (161 | ) | $ | — |  | $ | — |
Offsetting of Financial Liabilities and Derivative Liabilities
|  | Gross Amounts | Net Amounts of | Gross Amounts Not Offset in |
| Gross Amounts | Offset in the | Liabilities Presented | the Statements of Condition |
| of Recognized | Statements of | in the Statements | Financial | Cash Collateral |
(in thousands) | Liabilities1 | Condition | of Condition1 | Instruments | Pledged | Net Amount
September 30, 2019 |  |  |  |  |  |
Derivatives by Counterparty: |  |  |  |  |  |
Counterparty A | $ | 1,603 |  | $ | — |  | $ | 1,603 |  | $ | — |  | $ | (1,603 | ) | $ | — |
Total | $ | 1,603 |  | $ | — |  | $ | 1,603 |  | $ | — |  | $ | (1,603 | ) | $ | — |
December 31, 2018 |  |  |  |  |  |
Derivatives by Counterparty: |  |  |  |  |  |
Counterparty A | $ | 375 |  | $ | — |  | $ | 375 |  | $ | (161 | ) | $ | — |  | $ | 214 |
Total | $ | 375 |  | $ | — |  | $ | 375 |  | $ | (161 | ) | $ | — |  | $ | 214 |
Offsetting Liabilities |
Offsetting of Financial Liabilities and Derivative Liabilities
|  | Gross Amounts | Net Amounts of | Gross Amounts Not Offset in |
| Gross Amounts | Offset in the | Liabilities Presented | the Statements of Condition |
| of Recognized | Statements of | in the Statements | Financial | Cash Collateral |
(in thousands) | Liabilities1 | Condition | of Condition1 | Instruments | Pledged | Net Amount
September 30, 2019 |  |  |  |  |  |
Derivatives by Counterparty: |  |  |  |  |  |
Counterparty A | $ | 1,603 |  | $ | — |  | $ | 1,603 |  | $ | — |  | $ | (1,603 | ) | $ | — |
Total | $ | 1,603 |  | $ | — |  | $ | 1,603 |  | $ | — |  | $ | (1,603 | ) | $ | — |
December 31, 2018 |  |  |  |  |  |
Derivatives by Counterparty: |  |  |  |  |  |
Counterparty A | $ | 375 |  | $ | — |  | $ | 375 |  | $ | (161 | ) | $ | — |  | $ | 214 |
Total | $ | 375 |  | $ | — |  | $ | 375 |  | $ | (161 | ) | $ | — |  | $ | 214 |
1 Amounts exclude accrued interest totaling $4 thousand at September 30, 2019 and $3 thousand at December 31, 2018.

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