Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Undesignated

Derivative financial instruments

Schedule of outstanding interest rate swap contracts

	Receiving						Paying
	December 31,			December 31,			December 31,		December 31,
(dollar amounts in thousands)	2013			2012			2013		2012
Notional amount	$	5,159		$	4,459		$	5,159	$	4,459
Weighted average maturity (years)	6.4			6.3			6.4		6.3
Fair value	$	(275	)	$	(415	)	$	275	$	415

Designated as hedges | Cash flow hedges

Derivative financial instruments

Schedule of outstanding interest rate swap contracts

The following table details Bancorp’s derivative positions designated as cash flow hedges as of December 31, 2013.

(dollars in thousands)

Notional		Effective	Maturity	Receive (variable)	Pay fixed		Fair value
amount		date	date	index	swap rate		of asset
$	10,000	12/6/2013	12/6/2016	US 3 Month LIBOR	0.715	%	$	24