Derivatives (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments [Table Text Block]

A summary of the Company's fair value hedges as of December 31, 2019 is as follows (in thousands):

	December 31, 2019
Derivative	Balance Sheet Location	Weighted Average Remaining Maturity (Years)	Pay Rate		Received Rate Range	Notional Amount		Estimated Value
Interest rate swap agreements	Other liabilities	9.3	4.21	%	1 month LIBOR + 201.9 bps to 1 month LIBOR + 231.5 bps	$	14,748	$	325

Derivative Instruments, Gain (Loss) [Table Text Block]

The effects of fair value hedges on the Company's income statement during the twelve months ended December 31, 2019 were as follows (in thousands):

		Twelve months ended December 31,
Derivative	Location of Gain (Loss) on Derivative	2019
Interest rate swap agreements	Interest income on loans	$	(325	)
		Twelve months ended December 31,
Derivative	Location of Gain (Loss) on Hedged Items	2019
Interest rate swap agreements	Interest income on loans	$	325

Hedged Instrument Disclosure [Table Text Block]

As of December 31, 2019, the following amounts were recorded on the balance sheet related to the cumulative basis adjustment for fair value hedges (in thousands):

Line Item in the Balance Sheet in Which the Hedge Items are Included	Carrying Amount of the Hedged Assets	Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Assets
Loans	$14,423	$325