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Derivative Financial Instruments and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Derivative Instruments

 

 

December 31, 2019

 

 

 

Notional Amount

 

 

Fair Value

 

(Dollars in thousands)

  

 

 

 

 

 

Interest Rate Swap Agreement

  

 

 

 

 

 

 

  

   Receive Fixed/Pay Variable Swaps

  

$

2,145

 

 

$

185

 

   Pay Fixed/Receive Variable Swaps

  

 

2,145

  

 

 

(185

 

Summary of Identified Hedge Layers The identified hedge layers are summarized as follows, (in thousands):

 

3-Month LIBOR

 

 

 

Cash & Securities

 

 

 

Period Hedged

 

Hedged Notional

 

 

Exposure Hedged

 

 

From

 

 

To

$

15,000

 

$

15,000

 

 

July 1, 2019

 

 

July 1, 2022

$

25,000

 

$

25,000

 

 

August 2, 2019

 

 

February 2, 2023

$

10,000

 

$

10,000

 

 

August 29, 2019

 

 

August 29, 2023