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Derivative Instruments and Hedging Activities
 12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments and Hedging Activities
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
The following table indicates the amount representing the value of derivative assets and derivative liabilities at December 31:
 
Derivatives (included in
Other Assets)
Derivatives (included
in Other Liabilities)
(dollars in thousands)
2014
2013
2014
2013
Derivatives not Designated as Hedging Instruments
 
 
 
 
Interest Rate Swap Contracts—Commercial Loans
 
 
 
 
Fair value
$
12,981

$
13,698

$
12,953

$
13,647

Notional amount
245,152

261,754

245,152

261,754

Collateral posted
—

—

12,059

12,611

Interest Rate Lock Commitments—Mortgage Loans
 
 
 
 
Fair value
235

85

—

—

Notional amount
8,822

3,989

—

—

Forward Sale Contracts—Mortgage Loans
 
 
 
 
Fair value
—

34

57

—

Notional amount
—

5,250

7,789

—


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 at December 31:
 
Derivatives (included
in Other Assets)
Derivatives (included
in Other Liabilities)
(dollars in thousands)
2014
2013
2014
2013
Derivatives not Designated as Hedging Instruments
 
 
 
 
Gross amounts recognized
$
13,203

$
14,012

$
13,175

$
13,961

Gross amounts offset
(222
)
(314
)
(222
)
(314
)
Net amounts presented in the Consolidated Balance Sheets
12,981

13,698

12,953

13,647

Gross amounts not offset(1)
—

—

(12,059
)
(12,611
)
Net Amount
$
12,981

$
13,698

$
894

$
1,036

(1)
Amounts represent posted collateral.
The following table indicates the gain or loss recognized in income on derivatives for the years ended December 31:
(dollars in thousands)
2014

2013

2012

Derivatives not Designated as Hedging Instruments
 
 
 
Interest rate swap contracts—commercial loans
$
(24
)
$
(174
)
$
101

Interest rate lock commitments—mortgage loans
150

(382
)
223

Forward sale contracts—mortgage loans
(90
)
82

47

Total Derivative Gain (Loss)
$
36

$
(474
)
$
371