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Derivatives (Tables)
9 Months Ended
Sep. 30, 2019
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, 2019, December 31, 2018 and September 30, 2018 are presented in the following table.

September 30,

2019

 

December 31,

2018

 

September 30,

2018

(dollars in thousands)

Notional amount

$

175,000

$

75,000

$

100,000

Weighted average pay rates

1.83

%

1.70

%

1.68

%

Weighted average receive rates

2.53

%

2.19

%

2.12

%

Weighted average maturity

1.5 years

2.0 years

1.7 years

Fair value

$

(380

)

$

1,159

$

1,906

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table presents the net gains/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, 2019

 

Amount of gain

(loss) recognized in

OCI (Effective

Portion)

Amount of (gain)

loss reclassified

from OCI to

interest income

Amount of gain recognized in other Noninterest income (Ineffective Portion)

(dollars in thousands)

Interest rate contracts

$

(976)

$

(563)

$

 -

Nine Months Ended September 30, 2018

Amount of gain

(loss) recognized

in OCI (Effective

Portion)

Amount of (gain)

loss reclassified

from OCI to

interest income

Amount of gain recognized in other Noninterest income (Ineffective Portion)

(dollars in thousands)

Interest rate contracts

$

796

$

 -

$

  -

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, 2019 and December 31, 2018:

September 30, 2019

 

December 31, 2018

Notional

Amount

Fair Value

 

Notional

Amount

Fair Value

(dollars in thousands)

Interest rate swaps related to FHLB advances included in assets

$

175,000

$

(380)

$

75,000

$

1,159