XML 36 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivatives (Tables)
6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table presents the fair value of derivatives not designated as hedging instruments at June 30, 2016 and December 31, 2015:
(In Thousands)
Asset Derivatives


 
June 30, 2016

 
December 31, 2015

Balance Sheet Location

Fair Value


Fair Value


 


 

Interest rate contracts
Other assets
 

$366


 

$125

Interest rate lock commitments
Other assets
 
2,580

 
 
1,514

Total
 
 

$2,946

 
 

$1,639

(In Thousands)
Liability Derivatives


 
June 30, 2016

 
December 31, 2015

Balance Sheet Location

Fair Value


Fair Value


 


 

Interest rate contracts
Other liabilities
 

$950


 

$216

Derivative Instruments, Gain (Loss)
The following table presents the net gains of derivatives not designated as hedging instruments for the three month periods ending June 30, 2016 and 2015, respectively:
(In Thousands)
Income Statement Location
June 30, 2016
June 30, 2015
Interest rate contracts
Mortgage banking income
 

($1,392
)
 

($65
)
Interest rate lock commitments
Mortgage banking income
 
1,020

 
573

Total
 
 

($372
)
 

$508

Offsetting Assets
The following table summarizes the derivatives that have a right of offset as of June 30, 2016 and December 31, 2015, respectively:
June 30, 2016
 
 
 
Gross amounts not offset in the Statement of Financial Position
(In Thousands)
Gross amounts of recognized assets and liabilities
Gross amounts offset in the Statement of Financial Position
Net amounts of assets and liabilities presented in the Statement of Financial Position
Financial Instruments
Collateral Posted
Net Amount
Asset Derivatives
 
 
 
 
 
 
Interest rate contracts
$366

$—

$366

$—


$—


$366

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate contracts
$950

$—

$950

$—

$304

$646

 
 
 
 
 
 
 
December 31, 2015
 
 
 
Gross amounts not offset in the Statement of Financial Position
(In Thousands)
Gross amounts of recognized assets and liabilities
Gross amounts offset in the Statement of Financial Position
Net amounts of assets and liabilities presented in the Statement of Financial Position
Financial Instruments
Collateral Posted
Net Amount
Asset Derivatives
 
 
 
 
 
 
Interest rate contracts
$125

$—

$125

$—


$—


$125

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate contracts
$216

$—

$216

$—


$216


$—

Offsetting Liabilities
The following table summarizes the derivatives that have a right of offset as of June 30, 2016 and December 31, 2015, respectively:
June 30, 2016
 
 
 
Gross amounts not offset in the Statement of Financial Position
(In Thousands)
Gross amounts of recognized assets and liabilities
Gross amounts offset in the Statement of Financial Position
Net amounts of assets and liabilities presented in the Statement of Financial Position
Financial Instruments
Collateral Posted
Net Amount
Asset Derivatives
 
 
 
 
 
 
Interest rate contracts
$366

$—

$366

$—


$—


$366

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate contracts
$950

$—

$950

$—

$304

$646

 
 
 
 
 
 
 
December 31, 2015
 
 
 
Gross amounts not offset in the Statement of Financial Position
(In Thousands)
Gross amounts of recognized assets and liabilities
Gross amounts offset in the Statement of Financial Position
Net amounts of assets and liabilities presented in the Statement of Financial Position
Financial Instruments
Collateral Posted
Net Amount
Asset Derivatives
 
 
 
 
 
 
Interest rate contracts
$125

$—

$125

$—


$—


$125

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate contracts
$216

$—

$216

$—


$216


$—