Commitments (Tables)

3 Months Ended

Mar. 31, 2018

The following table is a summary of such contractual commitments:

	(Amounts in thousands)
	March 31, 2018		December 31, 2017
Commitments to extend credit:
Fixed rate	$	40,391	$	32,749
Variable rate		58,337		60,508
Standby letters of credit		3,445		3,600

The following table is a summary of overdraft protection for the periods indicated:

	(Amounts in thousands)
	March 31, 2018			December 31, 2017
Overdraft protection available on depositors' accounts	$	8,961		$	9,637
Balance of overdrafts included in loans		63			103
Average daily balance of overdrafts		107			115
Average daily balance of overdrafts as a percentage of available		1.19	%		1.19	%

Summary information regarding these derivatives is presented below:

	(Amounts in thousands)
	Notional Amount						Fair Value
	March 31, 2018		December 31, 2017		Interest Rate Paid	Interest Rate Received	March 31, 2018			December 31, 2017
Customer interest rate swap
Maturing in 2020	$	2,480	$	2,504	1 Mo. Libor + Margin	Fixed	$	39		$	(16	)
Maturing in 2025		5,199		5,288	1 Mo. Libor + Margin	Fixed		62			36
Maturing in 2026		2,035		2,064	1 Mo. Libor + Margin	Fixed		84			(44	)
Maturing in 2027		14,095		14,197	1 Mo. Libor + Margin	Fixed		164			209
Total	$	23,809	$	24,053			$	349		$	185

Third party interest rate swap
Maturing in 2020	$	2,480	$	2,504	Fixed	1 Mo. Libor + Margin	$	(39	)	$	16
Maturing in 2025		5,199		5,288	Fixed	1 Mo. Libor + Margin		(62	)		(36	)
Maturing in 2026		2,035		2,064	Fixed	1 Mo. Libor + Margin		(84	)		44
Maturing in 2027		14,095		14,197	Fixed	1 Mo. Libor + Margin		(164	)		(209	)
Total	$	23,809	$	24,053			$	(349	)	$	(185	)

The following table presents the fair values of derivative instruments in the balance sheet: