Derivatives (Tables)

6 Months Ended

Jun. 30, 2020

Derivatives

Schedule of Derivatives Recorded on the Consolidated Statements of Condition

The Company presents derivative positions gross on the balance sheet. The following table reflects the derivatives recorded on the Consolidated Statements of Condition as of June 30, 2020.

(Dollars in thousands)	June 30, 2020
	Notional		Fair
	Amount		Value
Included in other liabilities:
Derivatives designated as hedges:
Interest rate swap - pay fixed / receive floating on 3-month FHLB advance	$	20,000	$	(122)
Interest rate swaps - forward-starting on long-term FHLB advances		20,000		(84)
Total included in other liabilities			$	(206)

Schedule of Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income

The effect of cash flow hedge accounting on accumulated other comprehensive income for the period ended June 30, 2020 is as follows:

(Dollars in thousands)	June 30, 2020
	Amount of Gain		Location of Gain	Amount of Gain
	(Loss) Recognized in		(Loss) Reclassified	(Loss) Reclassified
	OCI on Derivatives		from OCI into Income	from OCI into Income
Interest rate contracts	$	(163)	Interest expense on short-term borrowings and repurchase agreements	$	18

Schedule of Effect of Cash Flow Hedge Accounting on the Consolidated Statements of Income

Location and Amount of Gain or Loss Recognized in Income on Fair Value and Cash Flow Hedging Relationships

(Dollars in thousands)	June 30, 2020
	Interest		Other
	Income		Income
	(Expense)		(Expense)
Effects of cash flow hedging:
Gain on cash flow hedging relationships:
Amount reclassified from AOCI into income	$	22	$	—
Total	$	22	$	—