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Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Value of Derivative Assets and Derivative Liabilities
The following table indicates the amounts representing the value of derivative assets and derivative liabilities as of the dates presented:
 
Derivatives
(included in Other Assets)
 
Derivatives
(included in Other Liabilities)
(dollars in thousands)
September 30, 2014
December 31, 2013
 
September 30, 2014
December 31, 2013
Derivatives not Designated as Hedging Instruments:


 


Interest Rate Swap Contracts—Commercial Loans


 


Fair value
$
12,125

$
13,698

 
$
12,103

$
13,647

Notional amount
249,159

261,754

 
249,159

261,754

Collateral posted
—

—

 
11,492

12,611

Interest Rate Lock Commitments—Mortgage Loans


 


Fair value
187

85

 
—

—

Notional amount
7,854

3,989

 
—

—

Forward Sale Contracts—Mortgage Loans


 


Fair value
—

34

 
10

—

Notional amount
$
—

$
5,250

 
$
7,948

$
—
Schedule of Gross Amounts of Derivative Assets and Derivative Liabilities
The following table indicates the gross amounts of commercial loan swap derivative assets and derivative liabilities, the amounts offset and the carrying values in the Consolidated Balance Sheets as of the dates presented:
 
Derivatives
(included in Other Assets)
 
Derivatives
(included in Other Liabilities)
(dollars in thousands)
September 30, 2014
December 31, 2013
 
September 30, 2014
December 31, 2013
Derivatives not Designated as Hedging Instruments:


 


Gross amounts recognized
$
12,341

$
14,012

 
$
12,319

$
13,961

Gross amounts offset
(216
)
(314
)
 
(216
)
(314
)
Net amounts presented in the Consolidated Balance Sheets
12,125

13,698

 
12,103

13,647

Gross amounts not offset(1)
—

—

 
(11,492
)
(12,611
)
Net Amount
$
12,125

$
13,698

 
$
611

$
1,036

(1) Amounts represent posted collateral.
Amount of Gain or Loss Recognized in Income on Derivatives
The following table indicates the gain or loss recognized in income on derivatives for the periods presented:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(dollars in thousands)
2014
2013
 
2014
2013
Derivatives not Designated as Hedging Instruments


 


Interest rate swap contracts—commercial loans
$
(10
)
$
(10
)
 
$
(29
)
$
(166
)
Interest rate lock commitments—mortgage loans
(105
)
231

 
102

(261
)
Forward sale contracts—mortgage loans
49

(519
)
 
(43
)
(114
)
Total Derivatives Gain (Loss)
$
(66
)
$
(298
)
 
$
30

$
(541
)