Derivatives (Tables)

9 Months Ended

Sep. 30, 2013

Summary of Notional Amount, Effective Dates and Maturity Dates

The following table summarizes the notional amount, effective dates and maturity dates of the IR contracts the Company had outstanding with counterparties as of February 3, 2011.  

(Dollars in thousands)
Description	Notional Amount		Effective Date		Maturity
Forward starting interest rate swap	$	75,000		March 1, 2012		September 1, 2012
Forward starting interest rate swap	$	75,000		September 4, 2012		September 1, 2013
Forward starting interest rate swap	$	75,000		September 3, 2013		September 1, 2014
Forward starting interest rate swap	$	75,000		September 2, 2014		September 1, 2015
Forward starting interest rate swap	$	75,000		September 1, 2015		March 1, 2017

The following table summarizes the notional amount, effective dates and maturity dates of the IR contracts the Company had outstanding with counterparties as of September 30, 2013.  

(Dollars in thousands)
Description	Notional Amount		Effective Date		Maturity
Forward starting interest rate swap(1)	$	75,000		August 1, 2013		August 1, 2014
Forward starting interest rate swap	$	75,000		August 1, 2014		August 3, 2015
Forward starting interest rate swap	$	75,000		August 3, 2015		August 1, 2016
Forward starting interest rate swap	$	75,000		August 1, 2016		August 1, 2017

(1) Terminated

Summary of Types of Derivatives by Their Locations within Statements of Operations

The following table summarizes the types of derivatives, their locations within the Consolidated Statements of Operations, and the gains (losses) recorded for the three and nine months ended September 30, 2013 and 2012:

(Dollars in thousands)		Three months ended September 30,				Nine months ended September 30,
Description	Income Sheet Location	2013		2012		2013		2012
Forward starting interest rate swaps (1)	Interest on FHLB borrowings	$	150	$	150	$	450	$	350

(1) Cash flow designation removed. Gains represent amounts reclassified from accumulated OCI pertaining to the terminated forward starting interest rate swap.

Designated as Hedging Instrument [Member]

Summary of Types of Derivatives by Assets and Liabilities

The following table summarizes the types of derivatives, separately by assets and liabilities, their locations on the Consolidated Balance Sheets, and the fair values of such derivatives as of September 30, 2013, and December 31, 2012.  

(Dollars in thousands)		Asset Derivatives				Liability Derivatives
Description	Balance Sheet Location	September 30, 2013		December 31, 2012		September 30, 2013		December 31, 2012
Forward starting interest rate swaps (1)	Other assets/Other liabilities	$	0	$	0	$	2,844	$	4,085

(1) Derivative designated as hedging instrument.