Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivatives by Balance Sheet Location

The following table presents the fair values of derivative instruments in the Corporation’s Consolidated Balance Sheets:

(Dollars in thousands)	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
	Balance Sheet Location	Mar 31, 2017		Dec 31, 2016		Balance Sheet Location	Mar 31, 2017		Dec 31, 2016
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate swap contracts	Other assets		$—		$—	Other liabilities		$174		$378
Interest rate caps	Other assets		$81		$134	Other liabilities		$—		$—
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Other assets	1,664		1,133		Other liabilities	2		88
Commitments to sell mortgage loans	Other assets	39		279		Other liabilities	2,138		1,349
Loan related derivative contracts:
Interest rate swaps with customers	Other assets	495		2,036		Other liabilities	—		—
Mirror swaps with counterparties	Other assets	—		—		Other liabilities	671		2,228
Risk participation agreements	Other assets	—		—		Other liabilities	—		—
Total			$2,279		$3,582			$2,985		$4,043

Derivative Instruments Effect in Statements of Income and Changes in Shareholders' Equity

The following tables present the effect of derivative instruments in the Corporation’s Consolidated Statements of Income and Changes in Shareholders’ Equity:

(Dollars in thousands)	Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)						Location of Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Gain (Loss) Recognized in Income (Ineffective Portion)
Three months ended March 31,	2017			2016				2017		2016
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate swap contracts		$131			$—		Interest Expense		$—		$—
Interest rate caps	(33		)	(66		)	Interest Expense	—		—
Total		$98			($66	)			$—		$—

(Dollars in thousands)		Amount of Gain (Loss) Recognized in Income on Derivatives
Three months ended March 31,	Statement of Income Location	2017			2016
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Mortgage banking revenues		$617			$1,245
Commitments to sell mortgage loans	Mortgage banking revenues	(1,029		)	(1,007		)
Customer related derivative contracts:
Interest rate swaps with customers	Loan related derivative income	(255		)	9,901
Mirror swaps with counterparties	Loan related derivative income	478			(9,251		)
Risk participation agreements	Loan related derivative income	(75		)	(5		)
Total			($264	)		$883