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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Amounts and Fair Value of Derivatives Designated as Hedging Instruments
The following table presents the notional amounts and fair values of derivatives designated as hedging instruments recorded on the consolidated balance sheets at December 31, 2017 and 2016. The Corporation pledges cash or securities to cover the negative fair value of derivative instruments. Cash collateral associated with derivative instruments are not added to or netted against the fair value amounts.
 
 
 
Derivative Assets
 
Derivative Liabilities
(Dollars in thousands)
Notional
Amount
 
Balance Sheet
Classification
 
Fair
Value
 
Balance Sheet
Classification
 
Fair
Value
At December 31, 2017
 
 
 
 
 
 
 
 
 
Interest rate swap - cash flow hedge
$
17,836

 
 
 
$
13

 
 
 
$

Interest rate swap - fair value hedge
1,388

 
 
 

 
Other liabilities
 
12

Total
$
19,224

 
 
 
$
13

 
 
 
$
12

At December 31, 2016
 
 
 
 
 
 
 
 
 
Interest rate swap - cash flow hedge
$
18,566

 
 
 
$

 
Other liabilities
 
$
217

Interest rate swap - fair value hedge
1,427

 
 
 

 
Other liabilities
 
37

Total
$
19,993

 
 
 
$

 
 
 
$
254

Notional Amounts and Fair Values of Derivatives Not Designated as Hedging Instruments
The 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, 2017 and 2016:
 
 
 
Derivative Assets
 
Derivative Liabilities
(Dollars in thousands)
Notional
Amount
 
Balance Sheet
Classification
 
Fair
Value
 
Balance Sheet
Classification
 
Fair
Value
At December 31, 2017
 
 
 
 
 
 
 
 
 
Interest rate swap
$
523

 
 
 
$

 
Other liabilities
 
$
38

Credit derivatives
75,622

 
 
 

 
Other liabilities
 
36

Interest rate locks with customers
27,411

 
Other assets
 
527

 
 
 

Forward loan sale commitments
29,037

 
Other assets
 
61

 
 
 

Total
$
132,593

 
 
 
$
588

 
 
 
$
74

At December 31, 2016
 
 
 
 
 
 
 
 
 
Interest rate swap
$
622


 

$


Other liabilities

$
65

Credit derivatives
27,919


 



Other liabilities

9

Interest rate locks with customers
36,541

 
Other assets
 
801

 
 
 

Forward loan sale commitments
42,366

 
Other assets
 
257

 
 
 

Total
$
107,448

 
 
 
$
1,058

 
 
 
$
74

Income for Derivatives Designated as Hedging Instruments
The 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)
2017
 
2016
 
2015
Interest rate swap—cash flow hedge—net interest payments
Interest expense
 
$
182

 
$
308

 
$
377

Interest rate swap—fair value hedge—ineffectiveness
Other noninterest income
 
7

 
9

 

Net loss
 
 
$
(175
)
 
$
(299
)
 
$
(377
)

Income for Derivatives Not Designated as Hedging Instruments
The 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)
2017
 
2016
 
2015
Credit derivatives
Other noninterest income
 
$
403

 
$
93

 
$

Interest rate locks with customers
Net gain (loss) on mortgage banking activities
 
(274
)
 
(288
)
 
301

Forward loan sale commitments
Net gain (loss) on mortgage banking activities
 
(196
)
 
359

 
10

Total
 
 
$
(67
)
 
$
164

 
$
311


Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table presents amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments at December 31, 2017 and 2016:     
 
Accumulated Other
Comprehensive (Loss) Income
 
At December 31,
(Dollars in thousands)
2017
 
2016
Interest rate swap—cash flow hedge
Fair value, net of taxes
 
$
9

 
$
(141
)
Total
 
 
$
9

 
$
(141
)