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Federal Home Loan Bank and Short-term Borrowings (Tables)
12 Months Ended
Dec. 31, 2018
Federal Home Loan Bank and Short-term Borrowings  
Schedule of swaps designated as cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized

 

 

 

 

Unrealized

 

 

 

Notional

 

Pay

 

Receive

 

 

 

Assets/

 

Gain (Loss)

 

Assets/

 

Gain (Loss)

 

(dollars in thousands)

    

Amount

 

Rate

 

Rate

 

Term

 

Liabilities

    

AOCI

 

Liabilities

    

AOCI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap
on FHLB advance

 

$

10,000

 

2.105

%  

 

3M LIBOR

 

11/2017 - 10/2022

 

$

164

 

$

118

 

$

30

 

$

21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate
swap on FHLB advance

 

 

5,000

 

2.235

%  

 

3M LIBOR

 

7/2018 - 7/2023

 

 

66

 

 

48

 

 

10

 

 

 7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate
swap on FHLB advance

 

 

5,000

 

2.246

%  

 

3M LIBOR

 

8/2018 - 8/2023

 

 

65

 

 

47

 

 

 9

 

 

 7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

20,000

 

 

 

 

 

 

 

 

$

295

 

$

213

 

$

49

 

$

35

 

 

Schedule of total interest expense recorded on swap transactions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

(dollars in thousands)

    

Bank Position

 

2018

    

2017

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap on FHLB advance

 

Pay fixed/receive variable

 

$

15

 

$

12

 

 

 

 

 

 

 

 

 

 

 

Forward-starting interest rate
swap on FHLB advance

 

Pay fixed/receive variable

 

 

 6

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

Forward-starting interest rate
swap on FHLB advance

 

Pay fixed/receive variable

 

 

 4

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

$

24

 

$

12