Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018 and December 31, 2017.

Asset Derivatives

Liability Derivatives

December 31, 2018

December 31, 2017

December 31, 2018

December 31, 2017

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

$

135

Other Assets

$

18

Other Liabilities

$

688

Other Liabilities

$

1,383

Derivatives not designated as hedging instruments:

Interest rate contracts

Other Assets

$

11,948

Other Assets

$

7,305

Other Liabilities

$

11,948

Other Liabilities

$

7,305

Amount of Gain (Loss) Recognized in Other Comprehensive Income

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 December 31,
	2018		2017
Interest rate products	$	247	$	13

Effect of Derivative Financial 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, 2018, 2017 and 2016.

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
		2018	2017	2016
Interest rate contracts	Other income			$	211

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)
		2018			2017			2016
Interest rate contracts	Interest expense	$	(470	)	$	(985	)	$	(1,250	)