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Derivatives (Tables)
3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table presents the fair value of derivatives not designated as hedging instruments at March 31, 2018 and December 31, 2017:
(In Thousands)
Asset Derivatives


 
March 31, 2018

 
December 31, 2017

Balance Sheet Location

Fair Value


Fair Value


 


 

Interest rate swaps
Other assets
 

$133


 

$77

Interest rate lock commitments
Other assets
 
1,323

 
 
873

Total
 
 

$1,456

 
 

$950

(In Thousands)
Liability Derivatives


 
March 31, 2018

 
December 31, 2017

Balance Sheet Location

Fair Value


Fair Value


 


 

Interest rate swaps
Other liabilities
 

$133

 
 

$77

Retail interest rate contracts
Other liabilities
 
103

 
 

Total
 
 

$236


 

$77

Derivative Instruments, Gain (Loss)
The following table presents the net gains (losses) of derivatives not designated as hedging instruments for the three month periods ending March 31, 2018 and 2017:
(In Thousands)
Income Statement Location
March 31, 2018
March 31, 2017
Interest rate contracts
Mortgage banking income
 

$358

 

($327
)
Interest rate lock commitments
Mortgage banking income
 
422

 
388

Total
 
 

$780

 

$61

Offsetting Assets
The following table summarizes the derivatives that have a right of offset as of March 31, 2018 and December 31, 2017:
March 31, 2018
 
 
 
Gross amounts not offset in the Statement of Financial Position
(In Thousands)
Gross amounts of recognized assets and liabilities
Gross amounts offset in the Statement of Financial Position
Net amounts of assets and liabilities presented in the Statement of Financial Position
Financial Instruments
Collateral Posted
Net Amount
Asset Derivatives
 
 
 
 
 
 
Interest rate swaps
$133

$—

$133

$—


$—


$133

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate swaps
$133

$—

$133

$—

$133

$—

Retail interest rate contracts
103


103



103

 
 
 
 
 
 
 
December 31, 2017
 
 
 
Gross amounts not offset in the Statement of Financial Position
(In Thousands)
Gross amounts of recognized assets and liabilities
Gross amounts offset in the Statement of Financial Position
Net amounts of assets and liabilities presented in the Statement of Financial Position
Financial Instruments
Collateral Posted
Net Amount
Asset Derivatives
 
 
 
 
 
 
Interest rate swaps
$77

$—

$77

$—


$—


$77

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate swaps
$77

$—

$77

$—

$77

$—

Retail interest rate contracts






Offsetting Liabilities
The following table summarizes the derivatives that have a right of offset as of March 31, 2018 and December 31, 2017:
March 31, 2018
 
 
 
Gross amounts not offset in the Statement of Financial Position
(In Thousands)
Gross amounts of recognized assets and liabilities
Gross amounts offset in the Statement of Financial Position
Net amounts of assets and liabilities presented in the Statement of Financial Position
Financial Instruments
Collateral Posted
Net Amount
Asset Derivatives
 
 
 
 
 
 
Interest rate swaps
$133

$—

$133

$—


$—


$133

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate swaps
$133

$—

$133

$—

$133

$—

Retail interest rate contracts
103


103



103

 
 
 
 
 
 
 
December 31, 2017
 
 
 
Gross amounts not offset in the Statement of Financial Position
(In Thousands)
Gross amounts of recognized assets and liabilities
Gross amounts offset in the Statement of Financial Position
Net amounts of assets and liabilities presented in the Statement of Financial Position
Financial Instruments
Collateral Posted
Net Amount
Asset Derivatives
 
 
 
 
 
 
Interest rate swaps
$77

$—

$77

$—


$—


$77

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate swaps
$77

$—

$77

$—

$77

$—

Retail interest rate contracts