Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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 Unaudited Consolidated Balance Sheets:

(Dollars in thousands)	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
	Balance Sheet Location	Sep 30, 2017		Dec 31, 2016		Balance Sheet Location	Sep 30, 2017		Dec 31, 2016
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate swaps	Other assets		$—		$—	Other liabilities		$418		$378
Interest rate caps	Other assets	31		134		Other liabilities	—		—
Interest rate floors	Other assets	252		—		Other liabilities	—		—
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Other assets	1,712		1,133		Other liabilities	28		88
Commitments to sell mortgage loans	Other assets	28		279		Other liabilities	2,419		1,349
Loan related derivative contracts:
Interest rate swaps with customers	Other assets	3,269		2,036		Other liabilities	—		—
Mirror swaps with counterparties	Other assets	—		—		Other liabilities	3,456		2,228
Risk participation agreements	Other assets	—		—		Other liabilities	—		—
Total			$5,292		$3,582			$6,321		$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 Unaudited Consolidated Statements of Income and Changes in Shareholders’ Equity:

(Dollars in thousands)	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)
	Three months						Nine months
Periods ended September 30,	2017			2016			2017			2016
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate swaps		$74			$—			($26	)		$—
Interest rate caps	(7		)	(4		)	(64		)	(94		)
Interest rate floors	(80		)	—			(274		)	—
Total		($13	)		($4	)		($364	)		($94	)

(Dollars in thousands)		Amount of Gain (Loss) Recognized in Income on Derivatives						Amount of Gain (Loss) Recognized in Income on Derivatives
		Three months						Nine months
Periods ended September 30,	Statement of Income Location	2017			2016			2017			2016
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Mortgage banking revenues		$32			$641			$639			$2,387
Commitments to sell mortgage loans	Mortgage banking revenues	59			(665		)	(1,321		)	(2,845		)
Customer related derivative contracts:
Interest rate swaps with customers	Loan related derivative income	1,917			32			5,583			17,064
Mirror swaps with counterparties	Loan related derivative income	(505		)	1,250			(2,578		)	(14,527		)
Risk participation agreements	Loan related derivative income	40			(104		)	(261		)	(206		)
Total			$1,543			$1,154			$2,062			$1,873