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Derivative Financial Instruments (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
DERIVATIVE FINANCIAL INSTRUMENTS    
Summary of derivative instruments outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

    

Notional Amount

    

Fixed Rate

    

Floating Rate

    

Maturity

    

Fair Value

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-hedging derivative instruments:

 

 

 

 

 

 

 

 

 

 

 

 

Customer interest rate swap:

 

 

 

 

 

 

 

 

 

 

 

 

receive fixed/pay floating

 

$

24,300 

 

4.87% - 5.99%

 

LIBOR 1 month +
3.25% - 4.50%

 

Wtd. Avg.

2.2 years

 

$

350 

 

 

 

 

 

 

 

 

 

 

 

 

 

Correspondent interest rate swap:

 

 

 

 

 

 

 

 

 

 

 

 

pay fixed/receive floating

 

$

24,300 

 

4.87% - 5.99%

 

LIBOR 1 month +
3.25% - 4.50%

 

Wtd. Avg.

2.2 years

 

$

(362)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

    

Notional
Amount

    

Fixed Rate

    

Floating Rate

    

Maturity

    

Fair Value

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-hedging derivative instruments:

 

 

 

 

 

 

 

 

 

 

 

 

Customer interest rate swap:

 

 

 

 

 

 

 

 

 

 

 

 

receive fixed/pay floating

 

$

24,485 

 

4.87% - 5.99%

 

LIBOR 1 month +

3.25% - 4.50%

 

Wtd. Avg.

2.5 years

 

$

274 

 

 

 

 

 

 

 

 

 

 

 

 

 

Correspondent interest rate swap:

 

 

 

 

 

 

 

 

 

 

 

 

pay fixed/receive floating

 

$

24,485 

 

4.87% - 5.99%

 

LIBOR 1 month +

3.25% - 4.50%

 

Wtd. Avg.

2.5 years

 

$

(287)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

    

Notional Amount

    

Fixed Rate

    

Floating Rate

    

Maturity

    

Fair Value

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-hedging derivative instruments:

 

 

 

 

 

 

 

 

 

 

 

 

Customer interest rate swap:

 

 

 

 

 

 

 

 

 

 

 

 

receive fixed/pay floating

 

$

24,485 

 

4.87% - 5.99%

 

LIBOR 1 month +
3.25% - 4.50%

 

Wtd. Avg.

2.5 years

 

$

274 

 

 

 

 

 

 

 

 

 

 

 

 

 

Correspondent interest rate swap:

 

 

 

 

 

 

 

 

 

 

 

 

pay fixed/receive floating

 

$

24,485 

 

4.87% - 5.99%

 

LIBOR 1 month +
3.25% - 4.50%

 

Wtd. Avg.

2.5 years

 

$

(287)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

    

Notional
Amount

    

Fixed Rate

    

Floating Rate

    

Maturity

    

Fair Value

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-hedging derivative instruments:

 

 

 

 

 

 

 

 

 

 

 

 

Customer interest rate swap:

 

 

 

 

 

 

 

 

 

 

 

 

receive fixed/pay floating

 

$

30,145 

 

4.87% - 6.02%

 

LIBOR 1 month +
3.75% - 4.50%

 

Wtd. Avg.
3.1 years

 

$

433 

 

 

 

 

 

 

 

 

 

 

 

 

 

Correspondent interest rate swap:

 

 

 

 

 

 

 

 

 

 

 

 

pay fixed/receive floating

 

$

30,145 

 

4.87% - 6.02%

 

LIBOR 1 month +
3.75% - 4.50%

 

Wtd. Avg.
3.1 years

 

$

(456)

 

Notional amounts and estimated fair values of non-hedging derivative instruments by classification

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

    

Notional
Amount

    

Fair Value

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Customer interest rate swaps (commercial customer counterparty):

Assets

 

$

24,300 

 

$

350 

 

 

 

 

 

 

 

Correspondent interest rate swaps (financial institution counterparty):

Liabilities

 

$

24,300 

 

$

(362)

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

    

Notional
Amount

    

Fair Value

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Customer interest rate swaps (commercial customer counterparty):

Assets

 

$

24,485 

 

$

274 

 

 

 

 

 

 

 

Correspondent interest rate swaps (financial institution counterparty):

Liabilities

 

$

24,485 

 

$

(287)

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

    

Notional
Amount

    

Fair Value

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Customer interest rate swaps (commercial customer counterparty):

Assets

 

$

24,485 

 

$

274 

 

 

 

 

 

 

 

Correspondent interest rate swaps (financial institution counterparty):

Liabilities

 

$

24,485 

 

$

(287)

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

    

Notional
Amount

    

Fair Value

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Customer interest rate swaps (commercial customer counterparty):

Assets

 

$

28,190 

 

$

437 

Liabilities

 

 

1,955 

 

 

(4)

 

 

$

30,145 

 

$

433 

 

 

 

 

 

 

 

Correspondent interest rate swaps (financial institution counterparty):

Assets

 

$

1,955 

 

$

        4

Liabilities

 

 

28,190 

 

 

(460)

 

 

$

30,145 

 

$

(456)