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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2015
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)
June 30, 2015
December 31, 2014
 
June 30, 2015
December 31, 2014
Derivatives not Designated as Hedging Instruments:


 


Interest Rate Swap Contracts- Commercial Loans


 


Fair value
$
11,013

$
12,981

 
$
10,994

$
12,953

Notional amount
233,777

245,152

 
233,777

245,152

Collateral posted
—

—

 
12,489

12,059

Interest Rate Lock Commitments- Mortgage Loans


 


Fair value
366

235

 
—

—

Notional amount
14,034

8,822

 
—

—

Forward Sale Contracts- Mortgage Loans


 


Fair value
17

—

 
—

57

Notional amount
$
13,812

$
—

 
$
—

$
7,789
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)
June 30, 2015
December 31, 2014
 
June 30, 2015
December 31, 2014
Derivatives not Designated as Hedging Instruments:


 


Gross amounts recognized
$
11,030

$
13,203

 
$
11,011

$
13,175

Gross amounts offset
(17
)
(222
)
 
(17
)
(222
)
Net amounts presented in the Consolidated Balance Sheets
11,013

12,981

 
10,994

12,953

Gross amounts not offset(1)
—

—

 
(12,489
)
(12,059
)
Net Amount
$
11,013

$
12,981

 
$
(1,495
)
$
894

(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 June 30,
 
Six Months Ended June 30,
(dollars in thousands)
2015
2014
 
2015
2014
Derivatives not Designated as Hedging Instruments


 


Interest rate swap contracts—commercial loans
$
(21
)
$
(11
)
 
$
(8
)
$
(19
)
Interest rate lock commitments—mortgage loans
(8
)
199

 
128

207

Forward sale contracts—mortgage loans
92

(64
)
 
74

(93
)
Total Derivatives Gain (Loss)
$
63

$
124

 
$
194

$
95