Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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, 2017 and December 31, 2016. The Corporation pledges cash or securities to cover the negative fair value of derivative instruments. Cash collateral associated with derivative instruments are not added to or netted against the fair value amounts.

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At June 30, 2017
Interest rate swap - cash flow hedge	$	18,204		$	—	Other liabilities	$	195
Interest rate swap - fair value hedge	1,408			—		Other liabilities	31
Total	$	19,612		$	—		$	226
At December 31, 2016
Interest rate swap - cash flow hedge	$	18,566		$	—	Other liabilities	$	217
Interest rate swap - fair value hedge	1,427			—		Other liabilities	37
Total	$	19,993		$	—		$	254

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, 2017 and December 31, 2016:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At June 30, 2017
Interest rate swap	$	574		$	—	Other liabilities	$	52
Credit derivatives	66,599			—		Other liabilities	157
Interest rate locks with customers	42,955		Other assets	1,363			—
Forward loan sale commitments	45,168		Other assets	164			—
Total	$	155,296		$	1,527		$	209
At December 31, 2016
Interest rate swap	$	622		$	—	Other liabilities	$	65
Credit derivatives	27,919			—		Other liabilities	9
Interest rate locks with customers	36,541		Other assets	801			—
Forward loan sale commitments	42,366		Other assets	257			—
Total	$	107,448		$	1,058		$	74

Income for Derivatives Designated as Hedging Instruments

The following table presents amounts included in the consolidated statements of income for derivatives designated as hedging instruments for the periods indicated:

	Statement of Income Classification	Three Months Ended   June 30,						Six Months Ended   June 30,
(Dollars in thousands)		2017			2016			2017			2016
Interest rate swap—cash flow hedge—net interest payments	Interest expense	$	36		$	80		$	107		$	161
Interest rate swap—fair value hedge—ineffectiveness	Other noninterest income	2			—			5			—
Net loss		$	(34	)	$	(80	)	$	(102	)	$	(161	)

Income for Derivatives Not Designated as Hedging Instruments

	Statement of Income Classification	Three Months Ended   June 30,					Six Months Ended   June 30,
(Dollars in thousands)		2017		2016			2017			2016
Credit derivatives	Other noninterest income	$	53	$	—		$	124		$	—
Interest rate locks with customers	Net gain on mortgage banking activities	155		711			562			1,343
Forward loan sale commitments	Net loss on mortgage banking activities	162		(267		)	(92		)	(408		)
Total		$	370	$	444		$	594		$	935

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table presents amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments at June 30, 2017 and December 31, 2016:

(Dollars in thousands)	Accumulated Other Comprehensive (Loss) Income	At June 30, 2017			At December 31, 2016
Interest rate swap—cash flow hedge	Fair value, net of taxes	$	(127	)	$	(141	)
Total		$	(127	)	$	(141	)