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Commitments (Tables)
6 Months Ended
Jun. 30, 2018
Commitments And Contingencies Disclosure [Abstract]  
Summary of Contractual Commitments

The following table is a summary of such contractual commitments:

 

 

(Amounts in thousands)

 

 

June 30,

2018

 

 

December 31,

2017

 

Commitments to extend credit:

 

 

 

 

 

 

 

Fixed rate

$

34,156

 

 

$

32,749

 

Variable rate

 

64,011

 

 

 

60,508

 

Standby letters of credit

 

3,775

 

 

 

3,600

 

 

Summary of Overdraft Protection

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

 

 

(Amounts in thousands)

 

 

June 30,

2018

 

 

December 31,

2017

 

Overdraft protection available on depositors' accounts

$

9,006

 

 

$

9,637

 

Balance of overdrafts included in loans

 

81

 

 

 

103

 

Average daily balance of overdrafts

 

99

 

 

 

115

 

Average daily balance of overdrafts as a percentage of available

 

1.10

%

 

 

1.19

%

 

Summary of Information Regarding Derivatives

Summary information regarding these derivatives is presented below:

 

 

(Amounts in thousands)

 

 

Notional Amount

 

 

 

 

 

Fair Value

 

 

June 30,

2018

 

 

December 31,

2017

 

Interest Rate Paid

 

Interest Rate Received

 

June 30,

2018

 

 

December 31,

2017

 

Customer interest rate swap

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maturing in 2020

$

2,457

 

 

$

2,504

 

1 Mo. Libor + Margin

 

Fixed

 

$

47

 

 

$

(16

)

Maturing in 2025

 

5,111

 

 

 

5,288

 

1 Mo. Libor + Margin

 

Fixed

 

 

98

 

 

 

36

 

Maturing in 2026

 

2,005

 

 

 

2,064

 

1 Mo. Libor + Margin

 

Fixed

 

 

98

 

 

 

(44

)

Maturing in 2027

 

13,995

 

 

 

14,197

 

1 Mo. Libor + Margin

 

Fixed

 

 

299

 

 

 

209

 

Maturing in 2028

 

1,176

 

 

 

 

1 Mo. Libor + Margin

 

Fixed

 

 

(39

)

 

 

 

Total

$

24,744

 

 

$

24,053

 

 

 

 

 

$

503

 

 

$

185

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third party interest rate swap

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maturing in 2020

$

2,457

 

 

$

2,504

 

Fixed

 

1 Mo. Libor + Margin

 

$

(47

)

 

$

16

 

Maturing in 2025

 

5,111

 

 

 

5,288

 

Fixed

 

1 Mo. Libor + Margin

 

 

(98

)

 

 

(36

)

Maturing in 2026

 

2,005

 

 

 

2,064

 

Fixed

 

1 Mo. Libor + Margin

 

 

(98

)

 

 

44

 

Maturing in 2027

 

13,995

 

 

 

14,197

 

Fixed

 

1 Mo. Libor + Margin

 

 

(299

)

 

 

(209

)

Maturing in 2028

 

1,176

 

 

 

 

Fixed

 

1 Mo. Libor + Margin

 

 

39

 

 

 

 

Total

$

24,744

 

 

$

24,053

 

 

 

 

 

$

(503

)

 

$

(185

)

 

Schedule of Fair Values of Derivative Instruments

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

 

 

(Amounts in thousands)

 

 

Assets

 

 

Liabilities

 

 

Balance Sheet Location

 

Fair Value

 

 

Balance Sheet Location

 

Fair Value

 

June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

Interest rate derivatives

Other assets

 

$

503

 

 

Other liabilities

 

$

503

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

Interest rate derivatives

Other assets

 

$

185

 

 

Other liabilities

 

$

185