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Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2016
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)
March 31, 2016
December 31, 2015
 
March 31, 2016
December 31, 2015
Derivatives not Designated as Hedging Instruments:


 


Interest Rate Swap Contracts- Commercial Loans


 


Fair value
$
15,281

$
11,295

 
$
15,165

$
11,276

Notional amount
242,708

245,595

 
242,708

245,595

Collateral posted
—

—

 
13,293

12,753

Interest Rate Lock Commitments- Mortgage Loans


 


Fair value
526

261

 
—

—

Notional amount
16,641

9,894

 
—

—

Forward Sale Contracts- Mortgage Loans


 


Fair value
—

—

 
72

5

Notional amount
$
—

$
—

 
$
13,400

$
9,800
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)
March 31, 2016
December 31, 2015
 
March 31, 2016
December 31, 2015
Derivatives not Designated as Hedging Instruments:


 


Gross amounts recognized
$
15,281

$
11,295

 
$
15,165

$
11,276

Gross amounts offset
—

—

 
—

—

Net amounts presented in the Consolidated Balance Sheets
15,281

11,295

 
15,165

11,276

Gross amounts not offset(1)
—

—

 
(13,293
)
(12,573
)
Net Amount
$
15,281

$
11,295

 
$
1,872

$
(1,297
)
(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 March 31,
(dollars in thousands)
2016
2015
Derivatives not Designated as Hedging Instruments


Interest rate swap contracts—commercial loans
$
97

$
13

Interest rate lock commitments—mortgage loans
265

136

Forward sale contracts—mortgage loans
(67
)
(17
)
Total Derivatives Gain
$
295

$
132