Derivatives and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Financial Instruments

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Statements of Financial Condition at March 31, 2016 and December 31, 2015 (in thousands):

	At March 31, 2016
	Asset Derivatives			Liability Derivatives
	Consolidated Statements of Financial Condition	Fair Value		Consolidated Statements of Financial Condition	Fair Value
Derivatives not designated as a hedging instruments:
Interest rate products	Other assets	$	14,399	Other liabilities	$	14,714
Credit contracts	Other assets	8			26
Total derivatives not designated as hedging instruments		$	14,407		$	14,740
Derivatives designated as a a hedging instrument:
Interest rate products	Other assets	$	—	Other liabilities	$	825
Total derivatives designated as a hedging instrument		$	—		$	825

	At December 31, 2015
	Asset Derivatives			Liability Derivatives
	Consolidated Statements of Financial Condition	Fair Value		Consolidated Statements of Financial Condition	Fair Value
Derivatives not designated as a hedging instruments:
Interest rate products	Other assets	$	6,849	Other liabilities	$	6,623
Credit contracts	Other assets	5			—
Total derivatives not designated as hedging instruments		$	6,854		$	6,623
Derivatives designated as a a hedging instrument:
Interest rate products	Other assets	$	—	Other liabilities	$	122
Total derivatives designated as a hedging instrument		$	—		$	122

Effect of the derivative financial instruments on the Income Statement

The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income during the three months ended March 31, 2016 (in thousands).

		Gain (loss) recognized in income on derivatives for the three months ended
	Consolidated Statements of Income	March 31, 2016			March 31, 2015
Derivatives not designated as a hedging instruments:
Interest rate products	Other income	$	(540	)	$	(65	)
Credit contracts	Other income	104			1
Total		$	(436	)	$	(64	)
Derivatives designated as a hedging instruments:
Interest Rate Products	Other income	$	(145	)	$	—
Total		$	(145	)	$	—