Derivatives (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2020.

(Dollars in thousands)	December 31, 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	$	(123)
Interest rate swaps - forward-starting on long-term FHLB advances		20,000		66
Total included in other liabilities			$	(57)

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

The effect of cash flow hedge accounting, before income taxes, on accumulated other comprehensive income for the period ended December 31, 2020 is as follows:

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

The effect of cash flow hedge accounting on the Consolidated Statements of Income for the year ended December 31, 2020 was as follows:

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

	Year Ended
(Dollars in thousands)	December 31, 2020
	Interest		Other
	Income		Income
	(Expense)		(Expense)
Effects of cash flow hedging:
Gain on cash flow hedging relationships:
Amount reclassified from AOCI into income	$	9	$	—
Total		9		—