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Derivatives (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2016 and December 31, 2015:
(In thousands)
Asset Derivatives


 
December 31, 2016

 
December 31, 2015

Balance Sheet Location

Fair Value


Fair Value


 


 

Commercial interest rate swaps
Other assets
 

$71


 

$125

Interest rate lock commitments
Other assets
 
1,137

 
 
1,514

Total
 
 

$1,208

 
 

$1,639

(In thousands)
Liability Derivatives


 
December 31, 2016

 
December 31, 2015

Balance Sheet Location

Fair Value


Fair Value


 


 

Commercial interest rate swaps
Other liabilities
 

$71


 

$125

Retail interest rate contracts
Other liabilities
 
78

 
 
91

Total
 
 

$149

 
 

$216

Derivative Instruments, Gain (Loss)
The following table presents the gains of derivatives not designated as hedging instruments at December 31, 2016 and 2015:
(In thousands)
Income Statement Location
December 31, 2016
 
December 31, 2015
 
 
 
 
 
 
 
Interest rate contracts
Mortgage banking income
 

($530
)
 
 

($422
)
Interest rate lock commitments
Mortgage banking income
 
(367
)
 
 
626

Total
 
 

($897
)
 
 

$204

Offsetting Assets
The following table summarizes the derivatives that have a right of offset as of December 31, 2016 and 2015:
December 31, 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
 
 
 
 
 
 
Commercial interest rate swaps
$71

$—

$71

$—


$—

$71
 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Commercial interest rate swaps
$71

$—

$71

$—

$71

$—

Retail interest rate contracts
78


78



78

 
 
 
 
 
 
 
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
 
 
 
 
 
 
Commercial interest rate swaps
$125

$—

$125

$—


$—

$125
 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Commercial interest rate swaps
$125

$—

$125

$—


$125


$—

Retail interest rate contracts
91

91


91
Offsetting Liabilities
The following table summarizes the derivatives that have a right of offset as of December 31, 2016 and 2015:
December 31, 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
 
 
 
 
 
 
Commercial interest rate swaps
$71

$—

$71

$—


$—

$71
 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Commercial interest rate swaps
$71

$—

$71

$—

$71

$—

Retail interest rate contracts
78


78



78

 
 
 
 
 
 
 
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
 
 
 
 
 
 
Commercial interest rate swaps
$125

$—

$125

$—


$—

$125
 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Commercial interest rate swaps
$125

$—

$125

$—


$125


$—

Retail interest rate contracts
91

91


91