Derivatives (Tables)

3 Months Ended

Mar. 31, 2020

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 for the periods presented are as follows (dollars in thousands):

Liability derivatives	Balance Sheet Location	Weighted Average Remaining Maturity (In Years)	Weighted Average Pay Rate	Receive Rate	Notional Amount		Estimated Fair Value
March 31, 2020:
Interest rate swap agreements - securities	Other liabilities	7.95	3.09%	3 month LIBOR	$	36,000	$	(6,885)
December 31, 2019:
Interest rate swap agreements - securities	Other liabilities	8.20	3.09%	3 month LIBOR	$	36,000	$	(3,446)

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):

	Three Months Ended March 31,
	2020		2019
Interest income on tax-exempt securities	$	440	$	456
Effects of fair value hedge relationships	(157)		(32)
Reported interest income on tax-exempt securities	$	283	$	424
	Three Months Ended March 31,
Gain (loss) on fair value hedging relationship	2020		2019
Interest rate swap agreements - securities:
Hedged items	$	6,885	2,063
Derivative designated as hedging instruments	(6,885)		(2,063)

Schedule of Fair Value Hedges

The following amounts were recorded on the balance sheet related to cumulative basis adjustments for fair value hedges (in thousands):

Line item on the balance sheet	Carrying Amount of the Hedged Assets		Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets
March 31, 2020:
Securities available-for-sale	$	46,060	$	6,885
December 31, 2019:
Securities available-for-sale	$	42,710	$	3,446