Derivatives (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

A summary of the Company's fair value hedge relationships as of December 31, 2019 are as follows (in thousands):

						December 31, 2019				December 31, 2018
	Balance Sheet Location	Weighted Average Remaining Maturity (In Years)	Weighted Average Pay Rate		Receive Rate	Notional Amount		Estimated Fair Value		Notional Amount		Estimated Fair Value
Liability derivatives
Interest rate swap agreements - securities	Other Liabilities	7.32	2.53	%	3 month LIBOR	$	101,205	$	4,954	$	—	$	—

A summary of the Company's cash flow hedge relationships as of December 31, 2019 are as follows (in thousands):

						December 31, 2019				December 31, 2018
	Balance Sheet Location	Weighted Average Remaining Maturity (In Years)	Weighted Average Pay Rate		Receive Rate	Notional Amount		Estimated Fair Value		Notional Amount		Estimated Fair Value
Liability derivatives
Interest rate swap agreements	Deposits	2.34	2.23	%	1 month LIBOR	$	100,000	$	1,592	$	—	$	—

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The effects of fair value hedge relationships reported in interest income on securities on the consolidated statements of income for the twelve months ended December 31, 2019 and 2018 were as follows (in thousands):

		Amount of Gain Recognized in Income
	Location of Gain on Hedged Item	Twelve months ended December 31,
		2019		2018
Liability derivatives
Interest rate swap agreements - securities	Interest Income	$	4,954	$	—
		Amount of Loss Recognized in Income
	Location of Loss on Derivative	Twelve months ended December 31,
		2019		2018
Liability derivatives
Interest rate swap agreements - securities	Interest Income	$	(4,954)	$	—

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The following amounts were recorded on the balance sheet related to cumulative basis adjustments for fair value hedges at December 31, 2019:

	Carrying Amount of the Hedged Assets				Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets
	December 31, 2019		December 31, 2018		December 31, 2019		December 31, 2018
Line item on the balance sheet
Securities available-for-sale	$	101,205	$	—	$	4,954	$	—

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The effects of the Company's cash flow hedge relationships on the statement of comprehensive income (loss) during the twelve months ended December 31, 2019 and 2018 were as follows:

	Amount of Gain (Loss) Recognized in Other Comprehensive Income
	Twelve months ended December 31,
	2019		2018
Interest rate swap agreements	$	(1,176)	$	—

Summary of Net Gains (Losses) Relating to Free-Standing Derivative Instruments Used for Risk Management

The net gains (losses) relating to free-standing derivative instruments used for risk management is summarized below:

	2019		2018		2017
Forward contracts related to mortgage loans held for sale and interest rate contracts	$	56	$	94	$	32
Interest rate contracts for customers	19		31		(54)

Summary of Amount and Fair Value of Mortgage Banking Derivatives Included in Consolidated Balance Sheet

The following table reflects the amount and fair value of mortgage banking derivatives included in the consolidated balance sheet as of December 31, 2019 and 2018:

	2019				2018
	Notional Amount		Fair Value		Notional Amount		Fair Value
Included in other assets (liabilities):
Interest rate contracts for customers	$	48,999	$	225	$	28,731	$	206
Forward contracts related to mortgage loans held for sale	$	62,824	$	(73)	$	31,519	$	(129)