Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31, 2020 and December 31, 2019:

	March 31, 2020				December 31, 2019
	Notional		Estimated		Notional		Estimated
	Amount		Fair Value		Amount		Fair Value
Interest Rate Swap Agreements:
Assets	$	50,113	$	3,254	$	7,140	$	150
Liabilities		50,113		(3,254)		7,140		(150)
Total	$	100,226	$	—	$	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 March 31, 2020 and December 31, 2019:

	March 31, 2020			December 31, 2019
Notional Amount	$	102,500		$	48,000
Weighted Average Pay Rate		1.35	%		1.89	%
Weighted Average Receive Rate		1.51	%		2.25	%
Weighted Average Maturity (Years)		4.48			3.53
Net Unrealized Gain (Loss)	$	(3,533)		$	(618)

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 three months ended March 31, 2020 and 2019:

		Three Months Ended March 31,
(dollars in thousands)		2020			2019
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		$	(18)		$	—

Cash flow hedge

Derivative Instruments, Gain (Loss) [Line Items]

Summary of interest rate swaps

	March 31, 2020				December 31, 2019
	Notional		Estimated		Notional		Estimated
	Amount		Fair Value		Amount		Fair Value
Interest Rate Swap Agreements:
Assets	$	—	$	—	$	18,000	$	134
Liabilities		102,500		(3,533)		30,000		(752)