DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Net Gains (losses) Relating to Free-Standing Derivative Instruments

The net gains (losses) relating to free-standing mortgage banking derivative instruments used for risk management are summarized below as of December 31, 2016, 2015 and 2014:

	Location	December 31, 2016		December 31, 2015		December 31, 2014
		(dollars in thousands)
Forward contracts related to mortgage loans held for sale	Mortgage banking activity	$	1,285	$	(137)	$	(249)
Interest rate lock commitments	Mortgage banking activity	$	3,029	$	2,687	$	1,757

Summary of Derivative Financial Instruments

The following table reflects the amount and market value of mortgage banking derivatives included in the consolidated balance sheets as of December 31, 2016 and 2015:

	2016				2015
	Notional  Amount		Fair   value		Notional  Amount		Fair  value
	(dollars in thousands)
Included in other assets:
Forward contracts related to mortgage loans held for sale	$	150,000	$	1,285	$	-	$	-
Interest rate lock commitments		91,426		3,029		77,710		2,687
Total included in other assets	$	241,426	$	4,314	$	77,710	$	2,687
Included in other liabilities:
Forward contracts related to mortgage loans held for sale	$	-	$	-	$	123,500	$	137
Total included in other liabilities	$	-	$	-	$	123,500	$	137