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Derivatives (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
As of December 31, 2016 and 2015, the notional values or contractual amounts and fair values of the Company’s derivatives not designated in hedge relationships were as follows (dollars in thousands).
 
 
Asset Derivatives
 
Liability Derivatives
 
 
2016
 
2015
 
2016
 
2015
 
 
Notional/
Contract Amount
 
Fair Value (1)
 
Notional/
Contract Amount
 
Fair Value (1)
 
Notional/
Contract Amount
 
Fair Value (2)
 
Notional/
Contract Amount
 
Fair Value (2)
Interest rate swaps
 
$
256,950

 
$
5,239

 
$
169,720

 
$
8,646

 
$
256,950

 
$
5,239

 
$
169,720

 
$
8,646

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)- Included in other assets on the consolidated balance sheet
(2)- Included in other liabilities on the consolidated balance sheet
Offsetting Assets and Liabilities
The following table illustrates the potential effect of the Company’s derivative master netting arrangements, by type of financial instrument, on the Company’s balance sheet as of December 31, 2016 and 2015 (dollars in thousands):
 
 
December 31, 2016
 
 
 
 
 
 
 
 
Gross Amounts of Financial Instruments Not Offset in the Balance Sheet
 
 
Gross Amounts Recognized
 
Amounts offset in the Balance Sheet
 
Net Amounts in the Balance Sheet
 
Netting Adjustment Per Applicable Master Netting Agreements
 
Fair Value of Financial Collateral in the Balance Sheet
 
Net Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset Derivatives
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
5,239

 
$

 
$
5,239

 
$

 
$

 
$
5,239

 
 
 
 
 
 
 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
5,239

 
$

 
$
5,239

 
$

 
$
5,000

 
$
239

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 
 
 
 
 
 
 
Gross Amounts of Financial Instruments Not Offset in the Balance Sheet
 
 
Gross Amounts Recognized
 
Amounts offset in the Balance Sheet
 
Net Amounts in the Balance Sheet
 
Netting Adjustment Per Applicable Master Netting Agreements
 
Fair Value of Financial Collateral in the Balance Sheet
 
Net Amount
Asset Derivatives
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
8,646

 
$

 
$
8,646

 
$

 
$

 
$
8,646

 
 
 
 
 
 
 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
8,646

 
$

 
$
8,646

 
$

 
$
8,595

 
$
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