Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

DERIVATIVE FINANCIAL INSTRUMENTS

Summary of derivative instruments outstanding

	March 31, 2017
	Notional Amount		Fixed Rate	Floating Rate	Maturity	Fair Value
	(Dollars in thousands)
Non-hedging derivative instruments:
Customer interest rate swap:
receive fixed/pay floating	$	183,067	4.10% - 5.72%	LIBOR 1 month + 2.50% - 4.25%	Wtd. Avg. 3.1. years	$	(26)
Correspondent interest rate swap:
pay fixed/receive floating	$	183,067	4.10% - 5.72%	LIBOR 1 month + 2.50% - 4.25%	Wtd. Avg. 3.1 years	$	(27)

	December 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	$	185,637	2.19 - 5.72%	LIBOR 1 month + 0% - 4.25%	Wtd. Avg. 3.4 years	$	609
Correspondent interest rate swap:
pay fixed/receive floating	$	185,637	2.19 - 5.72%	LIBOR 1 month + 0% - 4.25%	Wtd. Avg. 3.4 years	$	(691)

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

The estimated fair values of non-hedging derivative instruments are reflected within Company’s consolidated balance sheet (included in other assets and other liabilities). The notional amounts and estimated fair values of the non-hedging derivative instruments by classification as the dates set forth were as follows:

	March 31, 2017						December 31, 2016
			Estimated Fair Value						Estimated Fair Value
	Notional Amount		Asset Derivative		Liability Derivative		Notional Amount		Fair Value		Liability Derivative
	(Dollars in thousands)
Non-hedging interest rate derivatives:
Financial institution counterparty:
Interest rate swaps	$	183,067	$	932	$	958	$	185,637	$	698	$	1,389
Interest rate caps and collars		38,118		104		-		16,482		5		-
Commercial customer counterparty:
Interest rate swaps		183,067		905		932		185,637		1,307		698
Interest rate caps and collars		38,118		-		104		16,482		-		5
Gross derivatives				1,941		1,994				2,010		2,092
Offsetting derivatives assets/liabilities				(821)		(821)				(698)		(698)
Net derivatives included in the consolidated balance sheets			$	1,120	$	1,173			$	1,312	$	1,394