Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Financial Instruments

Summary of fair values of derivative assets and liabilities recorded in consolidated balance sheet

The fair values of these derivative assets and liabilities recorded in the Consolidated Balance Sheets at March 31, 2017 are summarized as follows (dollars in thousands):

	March 31, 2017
Fair value recorded in other assets	$	2,799
Fair value recorded in other liabilities	3,791

Summary of gross gains and losses on derivative assets and liabilities recorded in non-interest income and expense in consolidated statements of income

The gross gains and losses on these derivative assets and liabilities recorded in non-interest income and expense in the unaudited Consolidated Statements of Income for the three months ended March 31, 2017 are summarized as follows (dollars in thousands):

	March 31, 2017
Gross gains	$	3,865
Gross losses	(3,791		)
Net gains	74

Schedule of notional amount and fair values of open foreign currency forward contracts

The notional amount and fair values, denominated in U.S. dollars, of open foreign currency forward contracts were as follows (dollars in thousands):

	March 31, 2017
Notional amount	$	669
Fair value recorded in other assets	5