Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

DERIVATIVE FINANCIAL INSTRUMENTS

Summary of derivative instruments outstanding

	March 31, 2016
	Notional Amount		Fixed Rate	Floating Rate	Maturity	Fair Value
	(Dollars in thousands)
Non-hedging derivative instruments:
Customer interest rate swap:
receive fixed/pay floating	$	137,251	3.99% - 5.99%	LIBOR 1 month + 2.5% - 4.50%	Wtd. Avg. 3.2 years	$	3,152
Correspondent interest rate swap:
pay fixed/receive floating	$	137,251	3.99% - 5.99%	LIBOR 1 month + 2.5% - 4.50%	Wtd. Avg. 3.2 years	$	(3,321)

	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)

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

	March 31, 2016				December 31, 2015
	Notional Amount		Fair Value		Notional Amount		Fair Value
	(Dollars in thousands)
Included in other assets:
Commercial customer counterparty:
Interest rate swap	$	137,251	$	3,152	$	115,459	$	1,528
Financial institution counterparty:
Interest rate cap		16,848		7		16,929		25
Total included in other assets	$	154,099	$	3,159	$	132,388	$	1,553
Included in other liabilities:
Financial institution counterparty:
Interest rate swap	$	137,251	$	(3,321)	$	115,459	$	(1,612)
Commercial customer counterparty:
Interest rate cap		16,848		(7)		16,929		(25)
Total included in other liabilities	$	154,099	$	(3,328)	$	132,388	$	(1,637)

The strike rate for the outstanding caps was 6.00% at both March 31, 2016 and December 31, 2015.