Derivatives and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2017

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, 2017 and December 31, 2016 (in thousands):

	At March 31, 2017
	Asset Derivatives			Liability Derivatives
	Consolidated Statements of Financial Condition	Fair Value		Consolidated Statements of Financial Condition	Fair Value
Derivatives not designated as a hedging instrument:
Interest rate products	Other assets	$	7,053	Other liabilities	$	6,872
Credit contracts	Other assets	2		Other liabilities	—
Total derivatives not designated as a hedging instrument		$	7,055		$	6,872
Derivatives designated as a a hedging instrument:
Interest rate products	Other assets	$	374	Other liabilities	$	—
Total derivatives designated as a hedging instrument		$	374		$	—

	At December 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 instrument:
Interest rate products	Other assets	$	7,156	Other liabilities	$	6,750
Credit contracts	Other assets	3		Other liabilities	—
Total derivatives not designated as a hedging instrument		$	7,159		$	6,750
Derivatives designated as a a hedging instrument:
Interest rate products	Other assets	$	282	Other liabilities	$	—
Total derivatives designated as a hedging instrument		$	282		$	—

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, 2017 and 2016 (in thousands).

		Gain (loss) recognized in Income on derivatives for the three months ended
	Consolidated Statements of Income	March 31, 2017			March 31, 2016
Derivatives not designated as a hedging instrument:
Interest rate products	Other income	$	(226	)	$	(540	)
Credit contracts	Other income	1			104
Total		$	(225	)	$	(436	)
Derivatives designated as a hedging instrument:
Interest rate products	Interest expense	$	(57	)	$	(145	)
Total		$	(57	)	$	(145	)