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Derivative and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Derivative Instrument Contracts at Fair Value and Balance Sheet Classification
The Company’s derivative instrument contracts at fair value as well as their classification on the Company's balance sheet is presented below:

(Dollars in thousands)
 
 
 
March 31, 2016
 
December 31, 2015
 
Number of instruments
 
Balance Sheet Location
Fair Value
 
Notional
Amount
 
Fair Value
 
Notional
Amount
Asset derivatives
 
 
 
 
 
 
 
 
 
 
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
Interest rate swap
4
 
Other assets
$
5,667

 
$
235,000

 
$
893

 
$
165,000

 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
Forward loan sales contracts
29
 
Other assets
16

 
6,316

 
40

 
6,967

 
 
 
 
 
 
 
 
 
 
 
Total asset derivatives
 
 
 
$
5,683

 
$
241,316

 
$
933

 
$
171,967

 
 
 
 
 
 
 
 
 
 
 
Liability derivatives
 
 
 
 
 
 
 
 
 
 
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
Interest rate swap
—
 
Other liabilities
$
—

 
$
—

 
$
108

 
$
70,000

 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
Forward loan sales contracts
6
 
Other liabilities
3

 
1,368

 
2

 
1,213

 
 
 
 
 
 
 
 
 
 
 
Total liability derivatives
 
 
 
$
3

 
$
1,368

 
$
110

 
$
71,213



Summary of Derivative Instrument on the Consolidated Statements of Income
The table below presents the effect of the Company's derivative financial instruments on the Consolidated Statements of Income for the three months ended March 31, 2016:

(Dollars in thousands)
 
Three Months Ended March 31, 2016
Derivatives in Cash Flow Hedging Relationship
 
Amount of Gain or (Loss) Recognized in Accumulated OCI on Derivative (Effective Portion)
 
Location of Gain Reclassified from Accumulated OCI into Income (Effective Portion)
 
Amount of Gain Reclassified from Accumulated OCI on Derivative (Effective Portion)
 
Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)
 
Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion)
Interest rate swap
 
$
5,526

 
Interest income
 
$
644

 
N/A
 
$
—


Offsetting Derivative Assets
The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of March 31, 2016:
 
 
 
 
 
 
Gross Amounts Not Offset in the Balance Sheets
 
 
(Dollars in thousands)
Gross Amount of Recognized Assets
 
Gross Amount Offset in the Balance Sheets
 
Net Amount of Assets Presented in the Balance Sheets
 
Financial Instruments
 
Cash Collateral Received
 
Net Amount
Offsetting of derivative assets:
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap
$
5,667

 
$
—

 
$
5,667

 
$
—

 
$
5,061

 
$
606

Total
$
5,667

 
$
—

 
$
5,667

 
$
—

 
$
5,061

 
$
606

 
 
 
 
 
 
 
 
 
 
 
 
Offsetting of derivative liabilities:
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Total
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Offsetting Derivative Liabilities
The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of March 31, 2016:
 
 
 
 
 
 
Gross Amounts Not Offset in the Balance Sheets
 
 
(Dollars in thousands)
Gross Amount of Recognized Assets
 
Gross Amount Offset in the Balance Sheets
 
Net Amount of Assets Presented in the Balance Sheets
 
Financial Instruments
 
Cash Collateral Received
 
Net Amount
Offsetting of derivative assets:
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap
$
5,667

 
$
—

 
$
5,667

 
$
—

 
$
5,061

 
$
606

Total
$
5,667

 
$
—

 
$
5,667

 
$
—

 
$
5,061

 
$
606

 
 
 
 
 
 
 
 
 
 
 
 
Offsetting of derivative liabilities:
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Total
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—