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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2016
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 March 31, 2016 and December 31, 2015:
 
 
 
Derivative Assets
 
Derivative Liabilities
(Dollars in thousands)
Notional
Amount
 
Balance Sheet
Classification
 
Fair
Value
 
Balance Sheet
Classification
 
Fair
Value
At March 31, 2016
 
 
 
 
 
 
 
 
 
Interest rate locks with customers
$
44,520

 
Other Assets
 
$
1,721

 
 
 
$

Forward loan sale commitments
48,492

 
 
 

 
Other Liabilities
 
243

Total
$
93,012

 
 
 
$
1,721

 
 
 
$
243

At December 31, 2015
 
 
 
 
 
 
 
 
 
Interest rate locks with customers
$
34,450

 
Other Assets
 
$
1,089

 
 
 
$

Forward loan sale commitments
39,545

 
 
 

 
Other Liabilities
 
102

Total
$
73,995

 
 
 
$
1,089

 
 
 
$
102

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 March 31, 2016 and December 31, 2015:
 
 
 
Derivative Assets
 
Derivative Liabilities
(Dollars in thousands)
Notional
Amount
 
Balance Sheet
Classification
 
Fair
Value
 
Balance Sheet
Classification
 
Fair
Value
At March 31, 2016
 
 
 
 
 
 
 
 
 
Interest rate swap - cash flow hedge
$
19,096

 
 
 
$

 
Other Liabilities
 
$
983

Total
$
19,096

 

 
$

 

 
$
983

At December 31, 2015
 
 

 
 
 

 
 
Interest rate swap - cash flow hedge
$
19,269

 
 
 
$

 
Other Liabilities
 
$
438

Total
$
19,269

 

 
$

 

 
$
438

Income for Derivatives Not Designated as Hedging Instruments
For the three months ended March 31, 2016 and 2015, 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 
 March 31,
(Dollars in thousands)
2016
 
2015
Interest rate locks with customers
Net gain on mortgage banking activities
 
$
632

 
$
449

Forward loan sale commitments
Net loss on mortgage banking activities
 
(141
)
 
(56
)
Total
 
 
$
491

 
$
393

Income for Derivatives Designated as Hedging Instruments
For the three months ended March 31, 2016 and 2015, 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 
 March 31,
(Dollars in thousands)
2016
 
2015
Interest rate swap—cash flow hedge—net interest payments
Interest expense
 
$
81

 
$
96

Net loss
 
 
$
(81
)
 
$
(96
)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)






At March 31, 2016 and December 31, 2015, 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 March 31, 2016
 
At December 31, 2015
Interest rate swap—cash flow hedge
Fair value, net of taxes
 
$
(639
)
 
$
(285
)
Total
 
 
$
(639
)
 
$
(285
)