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Financial Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
At March 31, 2020 there were two customer loan swap arrangements in place, detailed below:
 
 
March 31, 2020
December 31, 2019
March 31, 2019
 
Presentation on Consolidated Balance Sheet
Number of Positions
Notional Amount
Fair Value
Number of Positions
Notional Amount
Fair Value
Number of Positions
Notional Amount
Fair Value
Pay Fixed, Receive Variable
Other Liabilities
2
$
16,394,000

$
(3,280,000
)
2
$
16,374,000

$
(1,205,000
)
—

$
—

$
—

Receive Fixed, Pay Variable
Other Assets
2
16,394,000

3,280,000

2
16,374,000

1,205,000

—

—

—

Total
 
4
$
32,588,000

$
—

4
$
32,748,000

$
—

—

$
—

$
—


The details of the interest rate swap agreements are as follows:
 
 
 
 
 
March 31, 2020
December 31, 2019
March 31, 2019
Effective Date
Maturity Date
Variable Index Received
Fixed Rate Paid
Presentation on Consolidated Balance Sheet
Notional Amount
Fair Value
Notional Amount
Fair Value
Notional Amount
Fair Value
06/05/2018
12/05/2019
1-Month USD LIBOR
2.466
%
Other Liabilities
$
—

$
—

$
—

$
—

$
25,000,000

$
(7,000
)
06/27/2016
06/27/2021
1-Month USD LIBOR
0.893
%
Other (Liabilities) Assets
20,000,000

(151,000
)
20,000,000

199,000

20,000,000

586,000

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

(244,000
)
30,000,000

278,000

30,000,000

847,000

06/05/2018
06/05/2020
1-Month USD LIBOR
2.547
%
Other Liabilities
—

—

25,000,000

(96,000
)
25,000,000

(57,000
)
06/05/2018
12/05/2020
1-Month USD LIBOR
2.603
%
Other Liabilities
—

—

25,000,000

(234,000
)
25,000,000

(137,000
)
12/05/2019
12/05/2022
3-Month USD LIBOR
1.779
%
Other Liabilities
—

—

25,000,000

(98,000
)
—

—

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

(663,000
)
12,500,000

(11,000
)
—

—

08/05/2019
08/05/2024
1-Month USD LIBOR
1.420
%
Other (Liabilities) Assets
12,500,000

(571,000
)
12,500,000

85,000

—

—

02/12/2020
02/12/2023
3-Month USD LIBOR
1.486
%
Other Liabilities
25,000,000

(748,000
)
—

—

—

—

02/12/2020
02/12/2024
3-Month USD LIBOR
1.477
%
Other Liabilities
25,000,000

(972,000
)
—

—

—

—

06/28/2021
06/28/2026
1-Month USD LIBOR
1.158
%
Other Liabilities
50,000,000

(1,569,000
)
—

—

—

—

03/13/2020
03/13/2025
3-Month USD LIBOR
0.855
%
Other Liabilities
25,000,000

(463,000
)
—

—

—

—

03/13/2020
03/13/2030
3-Month USD LIBOR
1.029
%
Other Liabilities
20,000,000

(661,000
)
—

—

—

—

 
 
 
 
 
$
220,000,000

$
(6,042,000
)
$
150,000,000

$
123,000

$
125,000,000

1,232,000