Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of the notional amount and fair value of the derivative financial instruments

The notional amount and fair value of the Company’s derivative financial instruments as of June 30, 2017 and December 31, 2016 were as follows:

		June 30, 2017						December 31, 2016
(dollars in thousands)	Notional Amount			Fair Value			Notional Amount			Fair Value
Interest Rate Lock Commitments		$	52,710	$	1,039			$	55,223	$	1,067
Forward Commitments		59,169		39				104,962		847
Interest Rate Swap Agreements
Receive Fixed/Pay Variable Swaps		382,524		2,405				357,441		1,381
Pay Fixed/Receive Variable Swaps		382,524		(2,075		)		357,441		(1,395		)
Foreign Exchange Contracts		42,172		(151		)		38,172		(757		)

Derivative financial instruments, their fair values, and balance sheet location

The following table presents the Company’s derivative financial instruments, their fair values, and their location in the consolidated statements of condition as of June 30, 2017 and December 31, 2016:

Derivative Financial Instruments	June 30, 2017				December 31, 2016
Not Designated as Hedging Instruments 1	Asset		Liability		Asset		Liability
(dollars in thousands)	Derivatives		Derivatives		Derivatives		Derivatives
Interest Rate Lock Commitments	$	1,042	$	3	$	1,236	$	169
Forward Commitments	126		87		873		26
Interest Rate Swap Agreements	10,974		10,644		11,569		11,583
Foreign Exchange Contracts	141		292		53		810
Total	$	12,283	$	11,026	$	13,731	$	12,588

¹  Asset derivatives are included in other assets and liability derivatives are included in other liabilities in the consolidated statements of condition.

Derivative financial instruments and the amount and location of the net gains or losses recognized in the statements of income

The following table presents the Company’s derivative financial instruments and the amount and location of the net gains or losses recognized in the consolidated statements of income for the three and six months endedJune 30, 2017 and 2016:

	Location of
Derivative Financial Instruments	Net Gains (Losses)	Three Months Ended						Six Months Ended
Not Designated as Hedging Instruments	Recognized in the	June 30,						June 30,
(dollars in thousands)	Statements of Income	2017			2016			2017			2016
Interest Rate Lock Commitments	Mortgage Banking	$	1,655		$	2,973		$	2,922		$	3,959
Forward Commitments	Mortgage Banking	(465		)	(1,017		)	(889		)	(1,496		)
Interest Rate Swap Agreements	Other Noninterest Income	525			713			680			822
Foreign Exchange Contracts	Other Noninterest Income	796			764			1,846			1,473
Total		$	2,511		$	3,433		$	4,559		$	4,758