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Loan-Level Interest Rate Swaps (Tables)
12 Months Ended
Dec. 31, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Notional Amount, and Collateral Posted Related to Loan-level Interest Rate Swaps

The fair value, notional amount, and collateral posted related to six outstanding loan-level interest rate swaps are presented below.

 

(Dollars in thousands)

 

December 31, 2020

 

 

December 31, 2019

 

Interest Rate Swap Contracts - Commercial Loans:

 

 

 

 

 

 

 

 

Fair Value (a)

 

 

489

 

 

$

 

Notional Amount

 

 

22,331

 

 

 

 

Cash Collateral Posted (b)

 

 

500

 

 

 

 

 

 

(a)

Included in other assets on the Consolidated Balance Sheets

 

(b)

Included in cash and due from banks on the Consolidated Balance Sheet

Schedule of Gross Amounts of Commercial Loan Swap Derivatives, Amounts Offset and Carrying Values

The gross amounts of commercial loan swap derivatives, the amounts offset and the carrying values in the Consolidated Balance Sheets, and the collateral pledged to support such agreements are presented below.

 

(Dollars in thousands)

 

December 31, 2020

 

 

December 31, 2019

 

Interest Rate Swap Contracts - Commercial Loans:

 

 

 

 

 

 

 

 

Gross amounts recognized

 

$

489

 

 

$

 

Gross amounts offset

 

 

489

 

 

 

 

Net Amounts Presented in the Consolidated Balance Sheets

 

 

 

 

 

 

Gross amounts not offset:

 

 

 

 

 

 

 

 

Financial instruments

 

 

 

 

 

 

Cash collateral

 

 

500

 

 

 

 

Net Amounts

 

$

500

 

 

$