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Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Amounts and Fair Values of Derivatives Not Designated as Hedging Instruments
The following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the consolidated balance sheets at June 30, 2015 and December 31, 2014:
 
 
 
Derivative Assets
 
Derivative Liabilities
(Dollars in thousands)
Notional
Amount
 
Balance Sheet
Classification
 
Fair
Value
 
Balance Sheet
Classification
 
Fair
Value
At June 30, 2015
 
 
 
 
 
 
 
 
 
Interest rate locks with customers
$
38,548

 
Other Assets
 
$
925

 
 
 
$

Forward loan sale commitments
43,575

 
Other Assets
 
137

 
 
 

Total
$
82,123

 
 
 
$
1,062

 
 
 
$

At December 31, 2014
 
 
 
 
 
 
 
 
 
Interest rate locks with customers
$
27,007

 
Other Assets
 
$
788

 
 
 
$

Forward loan sale commitments
30,537

 
 
 

 
Other Liabilities
 
112

Total
$
57,544

 
 
 
$
788

 
 
 
$
112

Notional Amounts and Fair Value of Derivatives Designated as Hedging Instruments
The following table presents the notional amounts and fair values of derivatives designated as hedging instruments recorded on the consolidated balance sheets at June 30, 2015 and December 31, 2014:
 
 
 
Derivative Assets
 
Derivative Liabilities
(Dollars in thousands)
Notional
Amount
 
Balance Sheet
Classification
 
Fair
Value
 
Balance Sheet
Classification
 
Fair
Value
At June 30, 2015
 
 
 
 
 
 
 
 
 
Interest rate swap - cash flow hedge
$
19,610

 
 
 
$

 
Other Liabilities
 
$
202

Total
$
19,610

 

 
$

 

 
$
202

At December 31, 2014
 
 

 
 
 

 
 
Interest rate swap - cash flow hedge
$
19,945

 
 
 
$

 
Other Liabilities
 
$
241

Total
$
19,945

 

 
$

 

 
$
241

Income for Derivatives Not Designated as Hedging Instruments
For the three and six months ended June 30, 2015 and 2014, the amounts included in the consolidated statements of income for derivatives not designated as hedging instruments are shown in the table below:
 
Statement of Income Classification
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
(Dollars in thousands)
2015
 
2014
 
2015
 
2014
Interest rate locks with customers
Net gain on mortgage banking activities
 
$
(312
)
 
$
350

 
$
137

 
$
448

Forward loan sale commitments
Net loss on mortgage banking activities
 
305

 
(200
)
 
249

 
(213
)
Total
 
 
$
(7
)
 
$
150

 
$
386

 
$
235

Income for Derivatives Designated as Hedging Instruments
For the three and six months ended June 30, 2015 and 2014, the amounts included in the consolidated statements of income for derivatives designated as hedging instruments are shown in the table below:
 
Statement of Income Classification
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
(Dollars in thousands)
2015
 
2014
 
2015
 
2014
Interest rate swap—cash flow hedge—interest payments
Interest expense
 
$
95

 

 
$
191

 

Net loss
 
 
$
(95
)
 
$

 
$
(191
)
 
$

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
At June 30, 2015 and December 31, 2014, the amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments are shown in the table below:
(Dollars in thousands)
Accumulated Other
Comprehensive (Loss) Income
 
At June 30, 2015
 
At December 31, 2014
Interest rate swap—cash flow hedge
Fair value, net of taxes
 
$
(131
)
 
$
(157
)
Total
 
 
$
(131
)
 
$
(157
)