XML 64 R49.htm IDEA: XBRL DOCUMENT v3.3.1.900
Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Amounts and Fair Values of Derivatives Not Designated as Hedging Instruments
he following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the consolidated balance sheets at December 31, 2015 and 2014:
 
 
 
Derivative Assets
 
Derivative Liabilities
(Dollars in thousands)
Notional
Amount
 
Balance Sheet
Classification
 
Fair
Value
 
Balance Sheet
Classification
 
Fair
Value
At December 31, 2015
 
 
 
 
 
 
 
 
 
Interest rate locks with customers
$
34,450

 
Other assets
 
$
1,089

 
 
 
$

Forward loan sale commitments
39,545

 
 
 

 
Other liabilities
 
102

Total
$
73,995

 
 
 
$
1,089

 
 
 
$
102

At December 31, 2014
 
 
 
 
 
 
 
 
 
Interest rate locks with customers
$
27,007

 
Other assets
 
$
788

 
 
 
$

Forward loan sale commitments
30,537

 
 
 

 
Other Liabilities
 
112

Total
$
57,544

 
 
 
$
788

 
 
 
$
112

Notional Amounts and Fair Values of Derivatives Designated as Hedging Instruments
he following table presents the notional amounts and fair values of derivatives designated as hedging instruments recorded on the consolidated balance sheets at December 31, 2015 and 2014:
 
 
 
Derivative Assets
 
Derivative Liabilities
(Dollars in thousands)
Notional
Amount
 
Balance Sheet
Classification
 
Fair
Value
 
Balance Sheet
Classification
 
Fair
Value
At December 31, 2015
 
 
 
 
 
 
 
 
 
Interest rate swap - cash flow hedge
$
19,269

 
 
 
$

 
Other liabilities
 
$
438

Total
$
19,269

 
 
 
$

 
 
 
$
438

At December 31, 2014
 
 
 
 
 
 
 
 
 
Interest rate swap - cash flow hedge
$
19,945

 
 
 
$

 
Other Liabilities
 
$
241

Total
$
19,945

 
 
 
$

 
 
 
$
241

Income for Derivatives Not Designated as Hedging Instruments
he following table presents amounts included in the consolidated statements of income for derivatives not designated as hedging instruments for the periods indicated:
 
Statement of Income Classification
 
For the Years Ended December 31,
(Dollars in thousands)
2015
 
2014
 
2013
Interest rate locks with customers
Net gain (loss) on mortgage banking activities
 
$
301

 
$
467

 
$
(1,226
)
Forward loan sale commitments
Net gain (loss) on mortgage banking activities
 
10

 
(137
)
 
79

Total
 
 
$
311

 
$
330

 
$
(1,147
)
Income for Derivatives Designated as Hedging Instruments
he following table presents amounts included in the consolidated statements of income for derivatives designated as hedging instruments for the periods indicated:
 
Statement of Income Classification
 
For the Years Ended December 31,
(Dollars in thousands)
2015
 
2014
 
2013
Interest rate swap—cash flow hedge—net interest payments
Interest expense
 
$
377

 
$
66

 
$
124

Interest rate swap—cash flow hedge—loss on termination
Net loss on termination of interest rate swap
 

 

 
(1,866
)
Net loss
 
 
$
(377
)
 
$
(66
)
 
$
(1,990
)
Amounts Included in Accumulated Other Comprehensive (Loss) Income for Derivatives Designated as Hedging Instruments
he following table presents amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments at December 31, 2015 and 2014:
 
Accumulated Other
Comprehensive (Loss) Income
 
At December 31,
(Dollars in thousands)
2015
 
2014
Interest rate swap—cash flow hedge
Fair value, net of taxes
 
$
(285
)
 
$
(157
)
Total
 
 
$
(285
)
 
$
(157
)