XML 39 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivatives (Tables)
9 Months Ended
Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives [Table Text Block]

Summary information about the interest rate swaps designated as cash flow hedges as of September 30, 2017, December 31, 2016 and September 30, 2016 are presented in the following table.

September 30, December 31, September 30,
      2017       2016       2016
(dollars in thousands)
Notional amount $        100,000 $        75,000 $        75,000
Weighted average pay rates 1.52 % 1.59 % 1.58 %
Weighted average receive rates 1.07 % 0.69 % 0.70 %
Weighted average maturity 2.7 years 2.8 years 3.1 years
Fair value $ 164 $ 88 $ (1,212 )
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table presents the net losses recorded in other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the following periods:

Nine Months Ended September 30, 2017
Amount of gain Amount of gain Amount of gain (loss)
(loss) recognized (loss) reclassified recognized in other
in OCI (Effective from OCI to Noninterest income
      Portion)       interest income       (Ineffective Portion)
(dollars in thousands)
Interest rate contracts $                          45 $                             - $                                          -

Nine Months Ended September 30, 2016
Amount of gain Amount of gain Amount of gain (loss)
(loss) recognized (loss) reclassified recognized in other
in OCI (Effective from OCI to Noninterest income
      Portion)       interest income       (Ineffective Portion)
(dollars in thousands)
Interest rate contracts $                      (640 ) $                                - $                                       -
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table reflects the cash flow hedges included in the consolidated statements of condition as of September 30, 2017 and December 31, 2016:

September 30, 2017  December 31, 2016
Notional Notional
Amount Fair Value Amount Fair Value
(dollars in thousands)
Interest rate swaps related to FHLB advances included in assets       $        100,000       $        164       $        75,000       $        88