Financial Instruments with Off-Balance Sheet Risk and Derivative Transactions (Tables)

12 Months Ended

Dec. 31, 2016

Financial Instruments with Off-Balance Sheet Risk and Derivative Transactions

Summary information about the interest rate swap designated as a cash flow hedge

Summary information about the interest rate swap designated as a cash flow hedge is as follows:

	As of
	December 31, 2016		December 31, 2015
Notional amount	$	25,774	$	25,774
Unrealized loss		(994)		(631)

Schedule of derivatives not designated as hedging instruments

The following table presents derivatives not designated as hedging instruments as of December 31, 2016, and periodic changes in the values of the interest rate swaps are reported in other noninterest income.  Periodic changes in the value of the forward contracts related to mortgage loan origination are reported in the net gain on sales of mortgage loans.

			Asset Derivatives			Liability Derivatives
	Notional or
	Contractual		Balance Sheet			Balance Sheet
	Amount		Location	Fair Value		Location	Fair Value
Interest rate swap contracts	$	85,807	Other Assets	$	673	Other Liabilities	$	673
Interest rate lock commitments and forward contracts		31,980	Other Assets		287	N/A		-
Total				$	960		$	673

The following table presents derivatives not designated as hedging instruments as of December 31, 2015.

			Asset Derivatives			Liability Derivatives
	Notional or
	Contractual		Balance Sheet			Balance Sheet
	Amount		Location	Fair Value		Location	Fair Value
Interest rate swap contracts net of credit valuation	$	20,708	Other Assets	$	114	Other Liabilities	$	114
Interest rate lock commitments and forward contracts		26,473	Other Assets		188	N/A		-
Total				$	302		$	114