Derivatives, Hedging Activities and Financial Instruments with Off-Balance Sheet Risk (Tables)

9 Months Ended

Sep. 30, 2020

Derivatives, Hedging Activities and Financial Instruments with Off-Balance Sheet Risk

Schedule of fair value of derivative financial instruments as well as their classification on the Balance Sheet

			September 30, 2020
	No. of Trans.	Notional Amount $	Balance Sheet Location	Fair Value $	Balance Sheet Location	Fair Value $
Derivatives designated as hedging instruments
Interest rate swaps	2	75,774	Other Assets	2,988	Other Liabilities	7,610
Total derivatives designated as hedging instruments				2,988		7,610
Derivatives not designated as hedging instruments
Interest rate swaps with commercial loan customers	28	191,341	Other Assets	7,518	Other Liabilities	7,518
Interest rate lock commitments and forward contracts	250	92,154	Other Assets	1,434	Other Liabilities	-
Other contracts	4	26,683	Other Assets	-	Other Liabilities	103
Total derivatives not designated as hedging instruments				8,952		7,621
			December 31, 2019
	No. of Trans.	Notional Amount $	Balance Sheet Location	Fair Value $	Balance Sheet Location	Fair Value $
Derivatives designated as hedging instruments
Interest rate swaps	2	75,774	Other Assets	-	Other Liabilities	3,150
Total derivatives designated as hedging instruments				-		3,150
Derivatives not designated as hedging instruments
Interest rate swaps with commercial loan customers	25	177,872	Other Assets	2,771	Other Liabilities	2,771
Interest rate lock commitments and forward contracts	87	23,667	Other Assets	250	Other Liabilities	-
Other contracts	4	28,176	Other Assets	-	Other Liabilities	53
Total derivatives not designated as hedging instruments				3,021		2,824

Schedule of financial instrument commitments

	September 30, 2020						December 31, 2019
	Fixed		Variable		Total		Fixed		Variable		Total
Letters of credit:
Borrower:
Financial standby	$	329	$	8,881	$	9,210	$	339	$	9,612	$	9,951
Commercial standby		-		-		-		-		-		-
Performance standby		356		5,825		6,181		571		6,212		6,783
		685		14,706		15,391		910		15,824		16,734
Non-borrower:
Performance standby		-		67		67		-		67		67
Total letters of credit	$	685	$	14,773	$	15,458	$	910	$	15,891	$	16,801
Unused loan commitments:	$	93,875	$	325,162	$	419,037	$	111,348	$	320,120	$	431,468