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Financial Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The details of the interest rate swap agreements are as follows:
 
 
 
 
 
September 30, 2019
December 31, 2018
Effective Date
Maturity Date
Variable Index Received
Fixed Rate Paid
Presentation on Consolidated Balance Sheet
Notional Amount
Fair Value
Notional Amount
Fair Value
06/27/2016
06/27/2021
1-Month USD LIBOR
0.893
%
Other Assets
$
20,000,000

$
214,000

$
20,000,000

$
763,000

06/28/2016
06/28/2021
1-Month USD LIBOR
0.940
%
Other Assets
30,000,000

296,000

30,000,000

1,110,000

06/05/2018
12/05/2019
1-Month USD LIBOR
2.466
%
Other Liabilities/Other Assets
25,000,000

(23,000
)
25,000,000

16,000

06/05/2018
06/05/2020
1-Month USD LIBOR
2.547
%
Other Liabilities
25,000,000

(140,000
)
25,000,000

(9,000
)
06/05/2018
12/05/2020
1-Month USD LIBOR
2.603
%
Other Liabilities
25,000,000

(300,000
)
25,000,000

(60,000
)
12/05/2019
12/05/2022
3-Month USD LIBOR
1.779
%
Other Liabilities
25,000,000

(217,000
)
—

—

08/02/2019
08/02/2024
1-Month USD Libor
1.590
%
Other Liabilities
12,500,000

(133,000
)
—

—

08/05/2019
08/05/2024
1-Month USD Libor
1.420
%
Other Liabilities
12,500,000

(32,000
)
—

—

 
 
 
 
 
$
175,000,000

$
(335,000
)
$
125,000,000

$
1,820,000


At September 30, 2019 there was one customer loan swap arrangement in place, detailed below:
 
 
September 30, 2019
December 31, 2018
 
Presentation on Consolidated Balance Sheet
Number of Positions
Notional Amount
Fair Value
Number of Positions
Notional Amount
Fair Value
Pay Fixed, Receive Variable
Other Liabilities
1

$
12,914,000

$
(1,643,000
)
—

—

—

Receive Fixed, Pay Variable
Other Assets
1

12,914,000

1,643,000

—

—

—

Total
 
2

$
25,828,000

—

—

—

—