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Derivatives (Tables)
3 Months Ended
Mar. 31, 2019
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, 2019 and December 31, 2018:
(In Thousands)
Asset Derivatives


March 31, 2019
December 31, 2018

Balance Sheet Location
Fair Value
Fair Value




Interest rate swaps
Other assets

$300


$246

Interest rate lock commitments
Other assets
1,237

978

Total
 

$1,537


$1,224

(In Thousands)
Liability Derivatives


March 31, 2019
December 31, 2018

Balance Sheet Location
Fair Value
Fair Value




Interest rate swaps
Other liabilities

$300


$246

Retail interest rate contracts
Other liabilities
130

262

Total
 

$430


$508

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, 2019 and 2018:
 
 
Three Months Ended March 31,
(In Thousands)
Income Statement Location
2019
2018
Interest rate contracts
Mortgage banking income

($168
)

$358

Interest rate lock commitments
Mortgage banking income
224

422

Total
 

$56


$780

Offsetting Assets
The following table summarizes the derivatives that have a right of offset as of March 31, 2019 and December 31, 2018:
March 31, 2019
 
 
 
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
$300

$—

$300

$—


$—


$300

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate swaps
$300

$—

$300

$—

$300

$—

Retail interest rate contracts
130


130


130

 
 
 
 
 
 
 
December 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
$246

$—

$246

$—


$—


$246

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate swaps
$246

$—

$246

$—

$246

$—

Retail interest rate contracts
262


262


262

Offsetting Liabilities
The following table summarizes the derivatives that have a right of offset as of March 31, 2019 and December 31, 2018:
March 31, 2019
 
 
 
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
$300

$—

$300

$—


$—


$300

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate swaps
$300

$—

$300

$—

$300

$—

Retail interest rate contracts
130


130


130

 
 
 
 
 
 
 
December 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
$246

$—

$246

$—


$—


$246

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate swaps
$246

$—

$246

$—

$246

$—

Retail interest rate contracts
262


262


262