Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments, Gain (Loss) [Line Items]

Summary of interest rate swaps

The following table presents a summary of the Company’s interest rate swaps to facilitate customer transactions as of December 31, 2019:

	December 31, 2019
	Notional		Estimated
	Amount		Fair Value
Interest rate swap agreements:
Assets	$	7,140	$	150
Liabilities		7,140		(150)
Total	$	14,280	$	—

Derivative Instruments and Hedging Activities

The following tables present a summary of the Company’s interest rate swaps designated as cash flow hedges as of December 31, 2019 and 2018:

	2019			2018
Notional Amount	$	48,000		$	15,000
Weighted Average Pay Rate		1.89	%		1.21	%
Weighted Average Receive Rate		2.25	%		1.97	%
Weighted Average Maturity (Years)		3.53			2.16
Net Unrealized Gain (Loss)	$	(618)		$	352

Effect of derivative instruments in cash flow hedging relationships

The following table presents the effect of derivative instruments in cash flow hedging relationships on the consolidated statements of income for the year ended December 31, 2019, 2018 and 2017:

		Year Ended December 31,
(dollars in thousands)		2019			2018			2017
Derivatives in	Location of Gain or	Gain (Loss)
Cash Flow Hedging	(Loss) Reclassified	Reclassified from
Relationships	from AOCI into Income	AOCI into Earnings
Interest rate swaps	Interest expense		$	9		$	—		$	—

Cash flow hedge

Derivative Instruments, Gain (Loss) [Line Items]

Summary of interest rate swaps

	December 31, 2019				December 31, 2018
	Notional		Estimated		Notional		Estimated
	Amount		Fair Value		Amount		Fair Value
Interest rate swap agreements:
Assets	$	18,000	$	134	$	15,000	$	352
Liabilities		30,000		(752)		—		—