Interest Rate Swap Derivatives (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative instruments

The table below identifies the balance sheet category and fair values of the Company’s designated cash flow hedge derivative instruments as of September 30, 2017 and December 31, 2016.

	Swap			Notional					Balance Sheet
September 30, 2017	Number			Amount		Fair Value			Category	Receive Rate	Pay Rate			Maturity
(dollars in thousands)
Interest rate swap		(1	)	$	75,000	$	116		Other Assets	1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points		1.71	%	March 31, 2020
Interest rate swap		(2	)		100,000		(24	)	Other Liabilities	Federal Funds Effective Rate +10 basis points		1.74	%	April 15, 2021
Interest rate swap		(3	)		75,000		75		Other Assets	1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points		1.92	%	March 31, 2022
		Total		$	250,000	$	167

	Swap			Notional					Balance Sheet
December 31, 2016	Number			Amount		Fair Value			Category	Receive Rate	Pay Rate			Maturity
(dollars in thousands)
Interest rate swap		(1	)	$	75,000	$	(197	)	Other Liabilities	1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points		1.71	%	March 31, 2020
Interest rate swap		(2	)		100,000		(514	)	Other Liabilities	Federal Funds Effective Rate +10 basis points		1.74	%	April 15, 2021
Interest rate swap		(3	)		75,000		19		Other Assets	1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points		1.92	%	March 31, 2022
		Total		$	250,000	$	(692	)

Schedule of pretax net gain (loss) of derivative instruments

The table below presents the pre-tax net gains (losses) of the Company’s cash flow hedges for the nine months ended September 30, 2017 and for the year ended December 31, 2016.

				Nine Months Ended September 30, 2017
				Effective Portion							Ineffective Portion
							Reclassified from AOCI				Recognized in Income
				Amount of			into income				on Derivatives
	Swap			Pre-tax gain (loss)				Amount of				Amount of
	Number			Recognized in OCI			Category	Gain (Loss)			Category	Gain (Loss)
(dollars in thousands)
Interest rate swap		(1	)	$	116		Interest Expense	$	(338	)	Other Expense	$	—
Interest rate swap		(2	)		(24	)	Interest Expense		(525	)	Other Expense		—
Interest rate swap		(3	)		75		Interest Expense		(458	)	Other Expense		(1	)
		Total		$	167			$	(1,321	)		$	(1	)

				Year Ended December 31, 2016
				Effective Portion							Ineffective Portion
							Reclassified from AOCI				Recognized in Income
				Amount of			into income				on Derivatives
	Swap			Pre-tax gain (loss)				Amount of				Amount of
	Number			Recognized in OCI			Category	Gain (Loss)			Category	Gain (Loss)
(dollars in thousands)
Interest rate swap		(1	)	$	(197	)	Interest Expense	$	(628	)	Other Expense	$	—
Interest rate swap		(2	)		(514	)	Interest Expense		(880	)	Other Expense		—
Interest rate swap		(3	)		19		Interest Expense		(747	)	Other Expense		1
		Total		$	(692	)		$	(2,255	)		$	1

Schedule of offsetting liabilities of derivatives

The Company generally offsets such financial instruments for financial reporting purposes.

Nine Months Ended September 30, 2017
Offsetting of Derivative Liabilities (dollars in thousands)
										Gross Amounts Not Offset in the Balance Sheet
	Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Balance Sheet			Net Amounts of Liabilities presented in the Balance Sheet			Financial Instruments		Cash Collateral Posted			Net Amount
Counterparty 1	$	24		$	(75	)	$	(51	)	$	—	$	(560	)	$	(611	)
Counterparty 2		(116	)		—			(116	)		—		(330	)		(446	)
	$	(92	)	$	(75	)	$	(167	)	$	—	$	(890	)	$	(1,057	)

Year Ended December 31, 2016
Offsetting of Derivative Liabilities (dollars in thousands)
								Gross Amounts Not Offset in the Balance Sheet
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Balance Sheet			Net Amounts of Liabilities presented in the Balance Sheet		Financial Instruments		Cash Collateral Posted			Net Amount
Counterparty 1	$	514	$	(19	)	$	495	$	—	$	(380	)	$	115
Counterparty 2		197		—			197		—		(170	)		27
	$	711	$	(19	)	$	692	$	—	$	(550	)	$	142