XML 65 R48.htm IDEA: XBRL DOCUMENT v3.6.0.2
Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Financial Instruments and Classification on the Balance Sheet
The table below presents the fair value of the Corporation’s derivative financial instruments as well as their classification on the Balance Sheet as of December 31, 2016 and December 31, 2015.
 
Asset Derivatives

Liability Derivatives
 
December 31, 2016

December 31, 2015

December 31, 2016

December 31, 2015
 
Balance Sheet Location

Fair
Value

Balance Sheet Location

Fair
Value

Balance Sheet Location

Fair
Value

Balance Sheet Location

Fair
Value
Derivatives designated as hedging instruments:
 

 

 

 

 

 

 

 
Interest rate contracts
Other Assets

$
15


Other Assets

$
36


Other Liabilities

$
2,182


Other Liabilities

$
2,921

Derivatives not designated as hedging instruments:
 

 

 

 

 

 

 

 
Interest rate contracts
Other Assets

$
6,295


Other Assets

$
4,938


Other Liabilities

$
6,295


Other Liabilities

$
5,149
Effect of Derivative Financial Instruments on the Income Statement
The amount of gain (loss) recognized in other comprehensive income is included in the table below for the periods indicated.
Derivatives in Cash Flow Hedging Relationships
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative
(Effective Portion)
For the Year Ended
2016

2015
Interest rate products
$
(368
)

$
(1,681
)


Effect of Derivative Instruments on the Income Statement

The tables below present the effect of the Corporation’s derivative financial instruments on the Income Statement for the years ended December 31, 2016, 2015 and 2014.
Derivatives Not
Designated as Hedging
Instruments under
FASB ASC 815-10
Location of Gain
(Loss) Recognized in
Income on Derivative
Amount of Gain (Loss) Recognized in Income on Derivative
2016

2015

2014
Interest rate contracts
Other income
$
211


$
(53
)

$
(73
)


Derivatives Designated as Hedging
Instruments under
FASB ASC 815-10
Location of Loss Reclassified from Accumulated Other Comprehensive Income (Effective Portion)
Amount of Loss Reclassified from Other Comprehensive Income into Income (Effective Portion)
2016

2015

2014
Interest rate contracts
Interest expense
$
(1,250
)

$
(1,427
)

$
(1,411
)