Derivatives (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value Hedge Relationships in Balance Sheet

A summary of the Company's fair value hedge relationships as of December 31, 2019 and 2018 are as follows (in thousands):

Liability derivatives	Balance Sheet Location	Weighted Average Remaining Maturity (In Years)	Weighted Average Pay Rate	Receive Rate	Notional Amount	Estimated Fair Value
December 31, 2019:
Interest rate swap agreements - securities	Other liabilities	8.20	3.09%	3 month LIBOR	$36,000	$	(3,446)
December 31, 2018:
Interest rate swap agreements - securities	Other liabilities	9.23	3.10%	3 month LIBOR	$35,000	$	(1,174)

Schedule of Fair Value Hedge Relationships on Income Statement

The effects of the Company's fair value hedge relationships reported in interest income on tax-exempt available-for-sale securities on the consolidated income statement were as follows (in thousands):

	Twelve Months Ended December 31,
	2019		2018
Interest income on tax-exempt securities	$	1,741	$	1,145
Effects of fair value hedge relationships	(223)		(51)
Reported interest income on tax-exempt securities	$	1,518	$	1,094
	Twelve Months Ended December 31,
Gain (loss) on fair value hedging relationship	2019		2018
Interest rate swap agreements - securities:
Hedged items	$	(3,446)	$	(1,174)
Derivative designated as hedging instruments	$	3,446	$	1,174

Schedule of Fair Value Hedges

The following amounts were recorded on the balance sheet related to cumulative basis adjustments for fair value hedges at December 31, 2019 and 2018 (in thousands):

Line item on the balance sheet	Carrying Amount of the Hedged Assets (in thousands)		Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets
December 31, 2019
Securities available-for-sale	$	42,710	$	3,446
December 31, 2018
Securities available-for-sale	$	39,730	$	1,174