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Derivatives (Tables)
3 Months Ended
Mar. 31, 2017
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 March 31, 2017 and December 31, 2016:
(In Thousands)
Asset Derivatives


 
March 31, 2017

 
December 31, 2016

Balance Sheet Location

Fair Value


Fair Value


 


 

Commercial interest rate swaps
Other assets
 

$84


 

$71

Interest rate lock commitments
Other assets
 
1,534

 
 
1,137

Total
 
 

$1,618

 
 

$1,208

(In Thousands)
Liability Derivatives


 
March 31, 2017

 
December 31, 2016

Balance Sheet Location

Fair Value


Fair Value


 


 

Commercial interest rate swaps
Other liabilities
 

$84

 
 

$71

Retail interest rate contracts
Other liabilities
 
339

 
 
78

Total
 
 

$423


 

$149

Derivative Instruments, Gain (Loss)
The following table presents the net gains of derivatives not designated as hedging instruments for the three month periods ending March 31, 2017 and 2016, respectively:
(In Thousands)
Income Statement Location
March 31, 2017
March 31, 2016
Interest rate contracts
Mortgage banking income
 

($327
)
 

($692
)
Interest rate lock commitments
Mortgage banking income
 
388

 
324

Total
 
 

$61

 

($368
)
Offsetting Assets
The following table summarizes the derivatives that have a right of offset as of March 31, 2017 and December 31, 2016, respectively:
March 31, 2017
 
 
 
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
$84

$—

$84

$—


$—


$84

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Commercial interest rate swaps
$84

$—

$84

$—

$84

$—

Retail interest rate contracts
339


339



339

 
 
 
 
 
 
 
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

Offsetting Liabilities
The following table summarizes the derivatives that have a right of offset as of March 31, 2017 and December 31, 2016, respectively:
March 31, 2017
 
 
 
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
$84

$—

$84

$—


$—


$84

 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Commercial interest rate swaps
$84

$—

$84

$—

$84

$—

Retail interest rate contracts
339


339



339

 
 
 
 
 
 
 
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