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Derivatives and Hedging Derivatives and Hedging (Tables)
12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments [Table Text Block]
The details of the FHLBB advance interest rate swaps for the dates indicated were as follows:
 
 
 
 
 
 
 
 
 
 
December 31,
(Dollars in thousands)
 
 
 
 
 
 
 
2019
 
2018
Trade
Date
 
Maturity
Date
 
Variable Index
Received
 
Fixed Rate
Paid
 
Presentation on Consolidated Statements of Condition
 
Notional
Amount
 
Fair
Value
 
Notional
Amount
 
Fair
Value
2/25/2015
 
2/25/2019
 
1-Month USD LIBOR
 
1.74%
 
Other assets
 
$

 
$

 
$
25,000

 
$
30

The details of the junior subordinated debt interest rate swaps for the dates indicated were as follows:
 
 
 
 
 
 
 
 
 
 
December 31,
(Dollars in thousands)
 
 
 
 
 
 
 
2019
 
2018
Trade
 Date
 
Maturity Date
 
Variable Index
Received
 
Fixed Rate
Paid
 
Presentation on Consolidated Statements of Condition
 
Notional
 Amount
 
Fair
Value
 
Notional
 Amount
 
Fair
Value
3/18/2009
 
6/30/2021
 
3-Month USD LIBOR
 
5.09%
 
Accrued interest and other liabilities
 
$
10,000

 
$
(299
)
 
$
10,000

 
$
(272
)
7/8/2009
 
6/30/2029
 
3-Month USD LIBOR
 
5.84%
 
Accrued interest and other liabilities
 
10,000

 
(2,318
)
 
10,000

 
(1,655
)
5/6/2010
 
6/30/2030
 
3-Month USD LIBOR
 
5.71%
 
Accrued interest and other liabilities
 
10,000

 
(2,384
)
 
10,000

 
(1,636
)
3/14/2011
 
3/30/2031
 
3-Month USD LIBOR
 
4.35%
 
Accrued interest and other liabilities
 
5,000

 
(1,279
)
 
5,000

 
(877
)
5/4/2011
 
7/7/2031
 
3-Month USD LIBOR
 
4.14%
 
Accrued interest and other liabilities
 
8,000

 
(1,907
)
 
8,000

 
(1,242
)
 
 
 
 
 
 
 
 
 
 
$
43,000

 
$
(8,187
)
 
$
43,000

 
$
(5,682
)
The Company's pipeline of mortgage loans with fixed-rate interest rate lock commitments for which it intends to sell the loan upon origination was as follows for the dates indicated:
 
 
 
 
December 31,
 
 
 
 
2019
 
2018
(In thousands)
 
Presentation on Consolidated Statements of Condition
 
Notional
Amount
 
Fair
Value
 
Notional
Amount
 
Fair
Value
Fixed-rate mortgage interest rate locks
 
Other assets
 
$
27,087

 
$
480

 
$
8,239

 
$
95

Fixed-rate mortgage interest rate locks
 
Accrued interest and other liabilities
 
2,519

 
(18
)
 
3,838

 
(28
)
Total
 
 
 
$
29,606

 
$
462

 
$
12,077

 
$
67

The following table presents the total positions, notional and fair value of the Company's customer loans swaps with each party for the dates indicated:
 
 
 
 
December 31,
 
 
 
 
2019
 
2018
(In thousands, except number of positions)
 
Presentation on Consolidated Statements of Condition
 
Number of Positions
 
Notional Amount
 
Fair Value
 
Number of Positions
 
Notional Amount
 
Fair Value
Receive fixed, pay variable
 
Accrued interest and other liabilities
 
10

 
$
45,243

 
$
(514
)
 
57

 
$
297,624

 
$
(7,841
)
Receive fixed, pay variable
 
Other assets
 
75

 
366,351

 
17,756

 
25

 
118,891

 
3,467

Pay fixed, receive variable
 
(Accrued interest and other liabilities)/other assets
 
85

 
411,594

 
(17,242
)
 
82

 
416,515

 
4,374

Total
 
 
 
170

 
$
823,188

 
$

 
164

 
$
833,030

 
$

The Company's forward delivery commitments on loans held for sale for the dates indicated were as follows:
 
 
 
 
December 31,
 
 
 
 
2019
 
2018
(In thousands)
 
Presentation on Consolidated Statements of Condition
 
Notional
Amount
 
Fair
Value
 
Notional
Amount
 
Fair
Value
Forward delivery commitments ("best effort")
 
Other assets
 
$
10,846

 
$
312

 
$
2,593

 
$
32

Forward delivery commitments ("best effort")
 
Accrued interest and other liabilities
 
1,069

 
(15
)
 
1,722

 
(17
)
Total
 
 
 
$
11,915

 
$
297

 
$
4,315

 
$
15

The details of the interest rate swap for the date indicated were as follows:
(Dollars in thousands)
 
 
 
 
 
 
 
December 31, 2019
Trade
Date
 
Maturity Date
 
Variable Index
Paid
 
Fixed Rate
Received
 
Presentation on Consolidated Statements of Condition
 
Notional
Amount
 
Fair
Value
6/12/2019
 
6/10/2024
 
1-Month USD LIBOR
 
1.693%
 
Other assets
 
$
100,000

 
$
483


Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]
The table below presents the effect of the Company’s derivative financial instruments included in OCI and current earnings for the periods indicated:
 
 
For The Year Ended
December 31,
(In thousands)
 
2019
 
2018
 
2017
Derivatives designated as cash flow hedges
 
 
 
 
 
 
Effective portion of unrealized losses recognized within AOCI during the period, net of tax
 
$
(2,334
)
 
$
837

 
$
(248
)
Net reclassification adjustment for effective portion of cash flow hedges included in interest expense, gross
 
$
921

 
$
831

 
$
1,592