DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2019

The following table reflects the changes in fair value hedges included in the Consolidated Statements of Comprehensive Income as of December 31:

Interest Rate Contracts	Location	2019			2018
Change in fair value on interest rate swaps hedging fixed rate loans	Interest income	$	(520	)	$	110
Change in fair value on fixed rate loans - hedged item	Interest income	$	511		$	(133	)

The following table reflects the fair value hedges included in the Consolidated Balance Sheets as of December 31:

	2019				2018
	Notional Amount		Fair Value		Notional Amount		Fair Value
Included in other liabilities:
Interest rate swaps related to fixed rate loans	$	10,557	$	351	$	—	$	—

Included in other assets:
Interest rate swaps related to fixed	$	—	$	—	$	10,917	$	169

The net gains (losses) relating to free standing derivative instruments used for risk management are summarized below as of December 31:

	Location	2019			2018
Forward contracts related to mortgage loans held for sale	Net gain on sales of loans	$	672		$	(661	)
Interest rate lock commitments	Net gain on sales of loans	$	(249	)	$	582

The following table reflects the amount and fair value of mortgage banking derivatives in the Consolidated Balance Sheets as of December 31:

	2019				2018
	Notional Amount		Fair Value		Notional Amount		Fair Value
Included in other assets:
Forward contracts related to mortgage loans held for sale	$	—	$	—	$	—	$	—
Interest rate lock commitments		52,875		814		46,891		1,063
Total included in other assets	$	52,875	$	814	$	46,891	$	1,063

Included in other liabilities:
Forward contracts related to mortgage loans held for sale	$	58,948	$	141	$	54,998	$	672
Interest rate lock commitments		—		—		—		—
Total included in other liabilities	$	58,948	$	141	$	54,998	$	672