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Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2017
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, 2017
 
December 31, 2016
 
September 30, 2017
 
December 31, 2016
Derivatives not Designated as Hedging Instruments:

 

 

 

Interest Rate Swap Contracts- Commercial Loans

 

 

 

Fair value
$
4,814

 
$
6,960

 
$
4,786

 
$
6,958

Notional amount
209,572

 
232,396

 
209,572

 
232,396

Collateral posted
—

 
—

 
3,046

 
14,340

Interest Rate Lock Commitments- Mortgage Loans

 

 

 

Fair value
452

 
236

 
—

 
—

Notional amount
13,939

 
8,490

 
—

 
—

Forward Sale Contracts- Mortgage Loans

 

 

 

Fair value
—

 
—

 
16

 
27

Notional amount
$
—

 
$
—

 
$
14,564

 
$
8,216
Schedule of Offsetting Derivative Assets
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, 2017
 
December 31, 2016
 
September 30, 2017
 
December 31, 2016
Derivatives not Designated as Hedging Instruments:

 

 

 

Gross amounts recognized
$
6,124

 
$
8,590

 
$
6,096

 
$
8,588

Gross amounts offset
(1,310
)
 
(1,630
)
 
(1,310
)
 
(1,630
)
Net amounts presented in the Consolidated Balance Sheets
4,814

 
6,960

 
4,786

 
6,958

Gross amounts not offset(1)
—

 
—

 
(3,505
)
 
(14,340
)
Net Amount
$
4,814

 
$
6,960

 
$
1,281

 
$
(7,382
)
(1) Amounts represent posted collateral.
Schedule of Offsetting 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, 2017
 
December 31, 2016
 
September 30, 2017
 
December 31, 2016
Derivatives not Designated as Hedging Instruments:

 

 

 

Gross amounts recognized
$
6,124

 
$
8,590

 
$
6,096

 
$
8,588

Gross amounts offset
(1,310
)
 
(1,630
)
 
(1,310
)
 
(1,630
)
Net amounts presented in the Consolidated Balance Sheets
4,814

 
6,960

 
4,786

 
6,958

Gross amounts not offset(1)
—

 
—

 
(3,505
)
 
(14,340
)
Net Amount
$
4,814

 
$
6,960

 
$
1,281

 
$
(7,382
)
(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)
2017
 
2016
 
2017
 
2016
Derivatives not Designated as Hedging Instruments

 

 

 

Interest rate swap contracts—commercial loans
$
9

 
$
(87
)
 
$
25

 
$
34

Interest rate lock commitments—mortgage loans
(4
)
 
97

 
216

 
478

Forward sale contracts—mortgage loans
(30
)
 
106

 
10

 
(93
)
Total Derivatives (Loss)/Gain
$
(25
)
 
$
116

 
$
251

 
$
419