Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

DERIVATIVE FINANCIAL INSTRUMENTS

Summary of derivative instruments outstanding

	December 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	$	115,459	3.99% - 5.99%	LIBOR 1 month + 2.5% - 4.50%	Wtd. Avg. 3.1 years	$	1,528
Correspondent interest rate swap:
pay fixed/receive floating	$	115,459	3.99% - 5.99%	LIBOR 1 month + 2.5% - 4.50%	Wtd. Avg. 3.1 years	$	(1,612)

	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)

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

	December 31, 2015				December 31, 2014
	Notional Amount		Fair Value		Notional Amount		Fair Value
	(Dollars in thousands)
Included in other assets:
Commercial customer counterparty:
Interest rate swap	$	115,459	$	1,528	$	24,485	$	274
Financial institution counterparty:
Interest rate cap		16,929		25		-		-
Total included in other assets	$	132,388	$	1,553	$	24,485	$	274
Included in other liabilities:
Financial institution counterparty:
Interest rate swap	$	115,459	$	(1,612)	$	24,485	$	(287)
Commercial customer counterparty:
Interest rate cap		16,929		(25)		-		-
Total included in other liabilities	$	132,388	$	(1,637)	$	24,485	$	(287)

The strike rate for the outstanding caps was 6.00% at December 31, 2015.