Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Financial Instruments with Off Balance Sheet Risk

The contractual and notional amounts of financial instruments with off-balance sheet risk are as follows:



(Dollars in thousands)	Sep 30, 2014		Dec 31, 2013
Financial instruments whose contract amounts represent credit risk:
Commitments to extend credit:
Commercial loans		$344,316		$259,061
Home equity lines	199,336		198,432
Other loans	49,324		35,175
Standby letters of credit	5,351		1,363
Financial instruments whose notional amounts exceed the amount of credit risk:
Forward loan commitments:
Interest rate lock commitments	49,545		17,910
Commitments to sell residential real estate mortgage loans	84,203		29,364
Customer related derivative contracts:
Interest rate swaps with customers	125,645		105,582
Mirror swaps with counterparties	125,645		105,582
Interest rate risk management contracts:
Interest rate swaps	22,681		22,681

Schedule of Future Minimum Operating Lease Payments

Leases

As of September 30, 2014 and December 31, 2013, the Corporation was obligated under various non-cancellable operating leases for properties used as banking offices and other office facilities. Rental expense under the operating leases amounted to $799 thousand and $2.3 million, respectively, for the three and nine months ended September 30, 2014, compared to $699 thousand and $2.0 million, respectively, for the same periods in 2013. Rental expense is recorded as a component of net occupancy expense in the accompanying Consolidated Statements of Income.

As of September 30, 2014, the minimum annual lease payments under the terms of these leases, exclusive of renewal provisions, are as follows:



(Dollars in thousands)
October 1, 2014 to December 31, 2014		$629
2015	2,622
2016	2,483
2017	2,347
2018	2,081
Thereafter	25,967
Total minimum lease payments		$36,129