Derivatives (Tables)

6 Months Ended

Jun. 30, 2021

Derivative [Line Items]

Summary of Derivative Instruments, Gain (Loss)

The effects of the fair value hedges on the Company's income statement during the three and six months ended June 30, 2021 and 2020 were as follows (in thousands):

		Three months ended June 30,					Six months ended June 30,
Derivative	Location of Gain (Loss) on Derivatives	2021		2020			2021			2020
Interest rate swap agreements	Interest income on loans	$	151	$	(78	)	$	(591	)	$	(1,462	)

		Three months ended June 30,					Six months ended June 30,
Derivative	Location of Gain (Loss) on Hedged Items	2021			2020		2021		2020
Interest rate swap agreements	Interest income on loans	$	(151	)	$	78	$	591	$	1,462

Summary of Cumulative Basis Adjustment of Fair Value Hedges

As of June 30, 2021, the following amounts were recorded on the consolidated balance sheet related to cumulative basis adjustment for fair value hedges (in thousands):

Line Item in the Balance Sheet in Which the Hedge Item is Included	Carrying Amount of the Hedged Asset		Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Asset
Loans	$	13,212	$	902

Not Designated as Hedging Instrument

Derivative [Line Items]

Summary of Fair Value Derivative Instruments

The following amounts represent the notional amounts and gross fair value of derivative contracts not designated as hedging instruments outstanding during the six months ended June 30, 2021 and 2020  (dollars in thousands):

June 30, 2021	Balance Sheet Location	Weighted Average Remaining Maturity (Years)	Notional Amount		Estimated Value
Interest rate swap agreements	Other assets	6.5	$	41,780	$	181
Interest rate swap agreements	Other liabilities	6.5		41,780		(181	)

Fair Value Hedging | Designated As Hedging Instrument

Derivative [Line Items]

Summary of Fair Value Derivative Instruments

The following table provides the outstanding notional balances and fair values of outstanding derivatives designated as hedging instruments as of June 30, 2021 and December 31, 2020 (in thousands):

	Balance Sheet Location	Weighted Average Remaining Maturity (Years)	Notional Amount		Estimated Value
June 30, 2021
Fair value hedges:
Interest rate swap agreements	Other liabilities	7.8 years	$	14,114	$	(1,083	)
December 31, 2020
Fair value hedges:
Interest rate swap agreements	Other liabilities	8.3 years	$	14,334	$	(2,892	)