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Derivatives (Tables)
12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives [Table Text Block]

December 31,

2019

December 31,

2018

(dollars in thousands)

Notional amount

 

$

150,000

 

 

$

75,000

 

Weighted average pay rates

1.82%

1.70%

Weighted average receive rates

2.37%

2.19%

Weighted average maturity

1.5 years

2.0 years

Fair value

$

(273)

$

1,159

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 accumulated other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the years ended December 31:

2019

(dollars in thousands)

Amount of gain

(loss) recognized

in OCI (Effective

Portion)

Amount of (gain)

loss reclassified

from OCI to

interest expense

Amount of gain (loss)

recognized in other

Noninterest income

(Ineffective Portion)

Interest rate contracts

$

(756)

$

(677)

$

-

2018

(dollars in thousands)

Amount of gain

(loss) recognized

in OCI (Effective

Portion)

Amount of (gain)

loss reclassified

from OCI to

interest expense

Amount of gain (loss)

recognized in other

Noninterest income

(Ineffective Portion)

Interest rate contracts

$

825

$

(464

)

$

-

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 December 31, 2019 and December 31, 2018:

2019

2018

(dollars in thousands)

Notional

Amount

Fair Value

Notional

Amount

Fair Value

Included in other assets/(liabilities):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps related to FHLB Advances

$

150,000

$

(273)

$

75,000

$

1,159