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Derivatives (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2018 and December 31, 2017:
(In Thousands)
Asset Derivatives


September 30, 2018
December 31, 2017

Balance Sheet Location
Fair Value
Fair Value




Interest rate swaps
Other assets

$122


$77

Interest rate lock commitments
Other assets
1,117

873

Total
 

$1,239


$950

(In Thousands)
Liability Derivatives


September 30, 2018
December 31, 2017

Balance Sheet Location
Fair Value
Fair Value




Interest rate swaps
Other liabilities

$122


$77

Total
 

$122


$77

Derivative Instruments, Gain (Loss)
The following table presents the net gains (losses) of derivatives not designated as hedging instruments for the three and nine-month periods ending September 30, 2018 and 2017:
 
 
Three Months Ended September 30,
Nine Months Ended September 30,
(In Thousands)
Income Statement Location
2018
2017
2018
2017
Interest rate contracts
Mortgage banking income

$138


($370
)

$511


($482
)
Interest rate lock commitments
Mortgage banking income
(281
)
193

203

364

Total
 

($143
)

($177
)

$714


($118
)
Offsetting Assets
The following table summarizes the derivatives that have a right of offset as of September 30, 2018 and December 31, 2017:
September 30, 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
$122

$—

$122

$—


$—


$122

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate swaps
$122

$—

$122

$—

$122

$—

 
 
 
 
 
 
 
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

$—

Offsetting Liabilities
The following table summarizes the derivatives that have a right of offset as of September 30, 2018 and December 31, 2017:
September 30, 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
$122

$—

$122

$—


$—


$122

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate swaps
$122

$—

$122

$—

$122

$—

 
 
 
 
 
 
 
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

$—