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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2014
Derivative Instruments and Hedging Activities [Abstract]  
Effects of Derivative Instruments on Consolidated Financial Statements

The effects of derivative instruments on the Consolidated Financial Statements for June 30, 2014 and December 31, 2013 are as follows:

(In thousands)
 
June 30, 2014
Derivatives designated as hedging instruments
 
 
Notional/
Contract
Amount
  
Estimated Net
Fair Value
 
Fair Value
Balance Sheet
Location
Expiration
Date
Interest rate swap-10 year cash flow
 
$
4,000
  
$
(300
)
Other Liabilities
9/15/2020
Interest rate swap-10 year fair value
  
2,137
   
(44
)
Other Liabilities
8/15/2021
Interest rate swap-10 year fair value
  
2,015
   
(43
)
Other Liabilities
8/15/2021
Interest rate swap-10 year fair value
  
1,013
   
36
 
Other Assets
9/26/2022


 
 
 
   June 30, 2014
 
 
 
 
Derivatives in cash flow hedging relationships
 
 
Amount of Gain (Loss)
Recognized in OCI on
Derivatives, net of tax
(Effective Portion)
 
Location of Gain or
(Loss) Recognized in
Income on Derivative
(Ineffective Portion)
 
Amount of Gain (Loss)
Recognized in Income
on Derivative
(Ineffective Portion)
 
Interest rate swap
 
$
(51
)
Not applicable
 
$
-
 


(In thousands)
June 30, 2014
 
Derivatives in fair value hedging relationships
Income Statement
Classification
 
Gain or
(Loss) on Swaps
 
Interest rate swaps
Interest income
 
$
(33
)


 (In thousands)
 
December 31, 2013
Derivatives designated as hedging instruments
 
 
Notional/
Contract
Amount
  
Estimated Net
Fair Value
 
Fair Value
Balance Sheet
Location
Expiration
Date
Interest rate swap-10 year cash flow
 
$
4,000
  
$
(223
)
Other Liabilities
9/15/2020
Interest rate swap-10 year fair value
  
2,161
   
13
 
Other Assets
8/15/2021
Interest rate swap-10 year fair value
  
2,037
   
11
 
Other Assets
8/15/2021
Interest rate swap-10 year fair value
  
1,025
   
72
 
Other Assets
9/26/2022
 
 
December 31, 2013
 
 
Derivatives in cash flow hedging relationships
 
 
Amount of Gain (Loss)
Recognized in OCI on
Derivatives, net of tax
(Effective Portion)
 
Location of Gain or
(Loss) Recognized in
 Income on Derivative
 (Ineffective Portion)
 
Amount of Gain (Loss) Recognized in Income
on Derivative
(Ineffective Portion)
 
Interest rate swaps
 
$
214
 
Not applicable
 
$
-
 


(In thousands)
December 31, 2013
 
Derivatives in fair value hedging relationships
 
Income Statement
Classification
 
Gain or
(Loss) on Swaps
 
Interest rate swaps
Interest Income
 
$
51