Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Derivative Instruments, Cumulative Basis Adjustments

The following table presents amounts that were recorded on the condensed consolidated balance sheets related to cumulative basis adjustments for interest rate swap derivatives designated as fair value accounting hedges as of September 30, 2018 and December 31, 2017.



	Carrying amount of the hedged asset				Cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged assets
Line item in the condensed consolidated balance sheets in which the hedged item is included	September 30, 2018		December 31, 2017		September 30, 2018			December 31, 2017
Loans	$	366,948	$	91,653	$	(5,152	)	$	263
Securities available-for-sale ⁽¹⁾	159,215		92,230		(2,339		)	8

⁽¹⁾These amounts include the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item

is the last layer expected to be remaining at the end of the hedging relationship. At September 30, 2018 and December 31, 2017, the amounts of the designated hedged items were $88.2 million and $50.0 million, respectively.

Schedule Of Derivative Instruments Of Fixed Rate Receivables

The following tables present a summary of interest rate swap derivatives designated as fair value accounting hedges of fixed-rate receivables used in the Company’s asset/liability management activities at September 30, 2018 and December 31, 2017, identified by the underlying interest rate-sensitive instruments.



September 30, 2018	Notional		Weighted Average Remaining Maturity			Weighted-Average Ratio
Instruments Associated With	Value		(years)	Fair Value		Receive	Pay
Loans	$	338,242	6.6	$	5,193	3 month LIBOR	2.84	%
Securities available-for-sale	88,200		5.4	2,359		3 month LIBOR	2.54	%
Total at September 30, 2018	$	426,442	6.4	$	7,552	3 month LIBOR	2.78	%



December 31, 2017	Notional		Weighted Average Remaining Maturity				Weighted-Average Ratio
Instruments Associated With	Value		(years)	Fair Value			Receive	Pay
Loans	$	91,135	7.9	$	(263	)	3 month LIBOR	2.44	%
Securities available-for-sale	50,000		6.8	(8		)	3 month LIBOR	2.33	%
Total at December 31, 2017	$	141,135	7.5	$	(271	)	3 month LIBOR	2.41	%

Schedule Of Derivative Instruments Of Variable Rate Liabilities

The following table presents a summary of interest rate swap derivatives designated as cash flow accounting hedges of variable-rate liabilities used in the Company’s asset/liability management activities at September 30, 2018. There were no interest rate swap derivatives designated as cash flow accounting hedges at December 31, 2017.



September 30, 2018	Notional		Weighted Average Remaining Maturity			Weighted-Average Ratio
Cash Flow Hedges	Value		(years)	Fair Value		Receive	Pay
Interest rate swaps	$	50,000	9.7	$	234	3 month LIBOR	3.01	%
Interest rate swaps	80,000		5.2	174		1 month LIBOR	2.86	%

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table presents the notional amount and fair value of interest rate swaps, IRLCs and forward contracts utilized by the Company at September 30, 2018 and December 31, 2017.



	September 30, 2018					December 31, 2017
	Notional Amount		Fair Value			Notional Amount		Fair Value
Asset Derivatives
Derivatives designated as hedging instruments
Interest rate swaps associated with loans	$	300,654	$	5,265		$	17,900	$	3
Interest rate swaps associated with securities available-for-sale	88,200		2,359			—		—
Interest rate swaps associated with liabilities	130,000		408			—		—
Derivatives not designated as hedging instruments
IRLCs	26,658		383			26,394		551
Forward contracts	30,500		127			—		—
Total contracts	$	576,012	$	8,542		$	44,294	$	554
Liability Derivatives
Derivatives designated as hedging instruments
Interest rate swaps associated with loans	$	37,588	$	(72	)	$	73,235	$	(266	)
Interest rate swaps associated with securities available-for-sale	—		—			50,000		(8		)
Derivatives not designated as hedging instruments
Forward contracts	—		—			51,124		(80		)
Total contracts	$	37,588	$	(72	)	$	174,359	$	(354	)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table presents the effects of the Company’s cash flow hedge relationships on the condensed consolidated statements of comprehensive income during the three and nine months ended September 30, 2018.



	Amount of Gain Recognized in Other Comprehensive Income
	Three Months Ended		Nine Months Ended
	September 30, 2018		September 30, 2018

Interest rate swap agreements	$	1,366	$	408

Schedule of Derivative Instruments in Statements of Income Fair Value

The following table summarizes the periodic changes in the fair value of derivatives not designated as hedging instruments on the condensed consolidated statements of income for the three and nine months ended September 30, 2018 and 2017.



	Amount of gain / (loss) recognized in the three months ended						Amount of gain / (loss) recognized in the nine months ended
	September 30, 2018			September 30, 2017			September 30, 2018			September 30, 2017
Asset Derivatives
Derivatives not designated as hedging instruments
IRLCs	$	(341	)	$	135		$	(168	)	$	177
Forward contracts	289			(47		)	208			(266		)

Schedule Of Effects Of Interest Rate Swap Agreements On Statements Of Income

The following table presents the effects of the Company’s interest rate swap agreements on the condensed consolidated statements of income during the three and nine months ended September 30, 2018 and 2017.



Line item in the condensed consolidated statements of income	Three Months Ended					Nine Months Ended
	September 30, 2018			September 30, 2017		September 30, 2018			September 30, 2017
Interest income
Loans	$	13		$	—	$	30		$	—
Securities - taxable	(45		)	—		(121		)	—
Securities - non-taxable	1			—		19			—
Total interest income	(31		)	—		(72		)	—
Interest expense
Deposits	39			—		39			—
Other borrowed funds	86			—		101			—
Total interest expense	125			—		140			—
Net interest income	$	(156	)	$	—	$	(212	)	$	—