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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Derivative Instruments, Cumulative Basis Adjustments
The following table presents amounts that were recorded in the consolidated balance sheets related to cumulative basis adjustments for interest rate swap derivatives designated as fair value accounting hedges as of December 31, 2019 and 2018.

 
 
Carrying amount of the hedged assets
 
Cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged assets
Line item in the consolidated balance sheet in which the hedged item is included
 
 
 
December 31, 2019
 
December 31, 2018
 
December 31, 2019
 
December 31, 2018
Loans
 
$
474,957

 
$
474,233

 
$
21,440

 
$
4,961

Securities available-for-sale1
 
151,538

 
159,188

 
2,802

 
(229
)
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. The amounts of the designated hedged items were $88.2 million and $88.2 million, at December 31, 2019 and 2018, 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 December 31, 2019 and December 31, 2018, identified by the underlying interest rate-sensitive instruments.

December 31, 2019
 
 
 
Weighted Average Remaining Maturity (years)
 
 
 
Weighted-Average Rate
Instruments Associated With
 
 
 
 
 
 
 
Notional Value
 
 
Fair Value
 
Receive
 
Pay
Loans
 
$
427,446

 
5.5
 
$
(21,551
)
 
3 month LIBOR
 
2.86%
Securities available-for-sale
 
88,200

 
4.1
 
(2,806
)
 
3 month LIBOR
 
2.54%
           Total swap portfolio at December 31, 2019
 
$
515,646

 
5.3
 
$
(24,357
)
 
3 month LIBOR
 
2.80%


December 31, 2018
 
 
 
Weighted Average Remaining Maturity (years)
 
 
 
Weighted-Average Rate
Instruments Associated With
 
 
 
 
 
 
 
Notional Value
 
 
Fair Value
 
Receive
 
Pay
Loans
 
$
435,926

 
6.5
 
$
(5,025
)
 
3 month LIBOR
 
2.86%
Securities available-for-sale
 
88,200

 
5.1
 
235

 
3 month LIBOR
 
2.54%
           Total swap portfolio at December 31, 2018
 
$
524,126

 
6.3
 
$
(4,790
)
 
3 month LIBOR
 
2.80%
Schedule Of Derivative Instruments Of Variable Rate Liabilities
The following tables present 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 December 31, 2019 and December 31, 2018.

December 31, 2019
 
 
 
Weighted Average Remaining Maturity (years)
 
 
 
Weighted-Average Rate
Cash Flow Hedges
 
 
 
 
 
 
 
Notional Value
 
 
Fair Value
 
Receive
 
Pay
Interest rate swaps
 
$
110,000

 
7.1
 
$
(8,390
)
 
3 month LIBOR
 
2.88%
Interest rate swaps
 
100,000

 
4.0
 
(5,040
)
 
1 month LIBOR
 
2.88%

December 31, 2018
 
 
 
Weighted Average Remaining Maturity (years)
 
 
 
Weighted-Average Rate
Cash Flow Hedges
 
 
 
 
 
 
 
Notional Value
 
 
Fair Value
 
Receive
 
Pay
Interest rate swaps
 
$
110,000

 
8.1
 
$
(2,293
)
 
3 month LIBOR
 
2.88%
Interest rate swaps
 
100,000

 
5.0
 
(2,065
)
 
1 month LIBOR
 
2.88%
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 December 31, 2019 and 2018.
 
 
December 31, 2019
 
December 31, 2018
 
 
Notional
Amount
 
Fair
Value
 
Notional
Amount
 
Fair
Value
Asset Derivatives
 
 

 
 

 
 

 
 

Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
Interest rate swaps associated with loans
 
$
—

 
$
—

 
$
91,135

 
$
986

Interest rate swaps associated with securities available-for-sale
 
—

 
—

 
50,000

 
593

Derivatives not designated as hedging instruments
 
 

 
 

 
 

 
 

IRLCs
 
56,256

 
910

 
15,136

 
389

      Total contracts
 
$
56,256

 
$
910

 
$
156,271

 
$
1,968

Liability Derivatives
 
 
 
 
 
 
 
 
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
Interest rate swaps associated with loans
 
$
427,446

 
$
(21,551
)
 
$
344,791

 
$
(6,011
)
Interest rate swaps associated with securities available-for-sale
 
88,200

 
(2,806
)
 
38,200

 
(358
)
Interest rate swaps associated with liabilities
 
210,000

 
(13,429
)
 
210,000

 
(4,358
)
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
Forward contracts
 
115,000

 
(153
)
 
32,500

 
(360
)
      Total contracts
 
$
840,646

 
$
(37,939
)
 
$
625,491

 
$
(11,087
)
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 consolidated statements of comprehensive income during the twelve months ended December 31, 2019, 2018, and 2017.

 
 
Amount of Loss Recognized in Other Comprehensive Income in the Twelve Months Ended
 
 
December 31, 2019
 
December 31, 2018
 
December 31, 2017
Interest rate swap agreements
 
$
(9,071
)
 
$
(4,358
)
 
$
—
 
Schedule Of Derivative Instruments In Statements Of Income Fair Value
Fair values of IRLCs and forward contracts were estimated using changes in mortgage interest rates from the date the Company entered into the IRLC and the balance sheet date.

The following table presents the effects of the Company's cash flow hedge relationships on the consolidated statements of comprehensive income during the twelve months ended December 31, 2019, 2018, and 2017.

 
 
Amount of Loss Recognized in Other Comprehensive Income in the Twelve Months Ended
 
 
December 31, 2019
 
December 31, 2018
 
December 31, 2017
Interest rate swap agreements
 
$
(9,071
)
 
$
(4,358
)
 
$
—
 


The following table summarizes the periodic changes in the fair value of the derivative financial instruments on the consolidated statements of income for the twelve months ended December 31, 2019, 2018, and 2017.
 
 
Amount of (loss) / gain recognized in the twelve months ended
 
 
December 31, 2019
 
December 31, 2018
 
December 31, 2017
Asset Derivatives
 
 

 
 

 
 
Derivatives not designated as hedging instruments
 
 

 
 

 
 

IRLCs
 
521

 
(162
)
 
(59
)
Forward contracts
 
207

 
(279
)
 
(519
)
Derivative Instruments, Gain (Loss)
The following table presents the effects of the Company's interest rate swap agreements on the consolidated statements of income during the twelve months ended December 31, 2019, 2018, and 2017.

Line item in the consolidated statements of income
 
Twelve Months Ended
 
December 31, 2019
 
December 31, 2018
 
December 31, 2017
Interest income
 
 
 
 
 
 
Loans
 
$
(1,533
)
 
$
(100
)
 
$
—

Securities - taxable
 
(127
)
 
(153
)
 
—

Securities - non-taxable
 
36

 
23

 
—

Total interest income
 
(1,624
)
 
(230
)
 
—

Interest expense
 
 

 
 

 
 

Deposits
 
618

 
151

 
—

Other borrowed funds
 
473

 
177

 
—

Total interest expense
 
1,091

 
328

 
—

Net interest income
 
$
(2,715
)
 
$
(558
)
 
$
—