9. DERIVATIVES

The Company utilizes interest rate and cash flow swap agreements as part of its asset-liability management strategy to help manage its interest rate and cash flow risk position. The notional amount of the interest rate and cash flow swaps do not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amounts and the other terms of the individual interest rate and cash flow swap agreements.

The following table reflects the fair value hedges included in the consolidated balance sheets:

	June 30, 2020				December 31, 2019
	Notional Amount		Fair Value		Notional Amount		Fair Value

Included in other liabilities:
Interest rate swaps related to fixed rate loans	$	10,401	$	1,078	$	10,557	$	351

Included in other assets:
Interest rate swaps related to fixed rate loans	$	—	$	—	$	—	$	—

The following table reflects the cash flow hedges included in the consolidated balance sheets:

	June 30, 2020				December 31, 2019
	Notional Amount		Fair Value		Notional Amount		Fair Value

Included in other liabilities:
Cash flow swaps related to state and municipal securities	$	123,760	$	2,103	$	—	$	—

Included in other assets:
Cash flow swaps related to state and municipal securities	$	—	$	—	$	—	$	—

Mortgage banking derivatives

The following table reflects the amount and fair value of mortgage banking derivatives in the consolidated balance sheets:

	June 30, 2020				December 31, 2019
	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		186,175		4,275		52,875		814

Total included in other assets	$	186,175	$	4,275	$	52,875	$	814


Included in other liabilities:
Forward contracts related to mortgage loans held for sale	$	156,022	$	857	$	58,948	$	141
Interest rate lock commitments		—		—		—		—

Total included in other liabilities	$	156,022	$	857	$	58,948	$	141