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


 
December 31, 2019

 
December 31, 2018

Balance Sheet Location

Fair Value


Fair Value


 


 

Interest rate swaps
Other assets
 

$2,950


 

$246

Interest rate lock commitments
Other assets
 
810

 
 
978

Total
 
 

$3,760

 
 

$1,224

(In Thousands)
Liability Derivatives


 
December 31, 2019

 
December 31, 2018

Balance Sheet Location

Fair Value


Fair Value


 


 

Interest rate swaps
Other liabilities
 

$2,950


 

$246

Retail interest rate contracts
Other liabilities
 
71

 
 
262

Total
 
 

$3,021

 
 

$508

Derivative Instruments, Gain (Loss)
The following table presents the income (losses) of derivatives not designated as hedging instruments at December 31, 2019 and December 31, 2018:
(In Thousands)
Income Statement Location
December 31, 2019
 
December 31, 2018
 
 
 
 
 
 
 
Retail interest rate contracts
Mortgage banking income
 

($922
)
 
 

$257

Interest rate lock commitments
Mortgage banking income
 
(170
)
 
 
105

Total
 
 

($1,092
)
 
 

$362

Offsetting Assets
The following table summarizes the derivatives that have a right of offset as of December 31, 2019 and 2018:
December 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
$2,950

$—

$2,950

$—


$—

$2,950
 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate swaps
$2,950

$—

$2,950

$—

$2,950

$—

Retail interest rate contracts
71


71



71

 
 
 
 
 
 
 
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 December 31, 2019 and 2018:
December 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
$2,950

$—

$2,950

$—


$—

$2,950
 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate swaps
$2,950

$—

$2,950

$—

$2,950

$—

Retail interest rate contracts
71


71



71

 
 
 
 
 
 
 
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