Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2018

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 September 30, 2018 and December 31, 2017. 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 September 30, 2018
Interest rate swap - cash flow hedge	$	17,269	Other assets	$	485		$	—
Interest rate swap - fair value hedge	1,357		Other assets	20			—
Total	$	18,626		$	505		$	—
At December 31, 2017
Interest rate swap - cash flow hedge	$	17,836	Other assets	$	13		$	—
Interest rate swap - fair value hedge	1,388			—		Other liabilities	12
Total	$	19,224		$	13		$	12

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 September 30, 2018 and December 31, 2017:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At September 30, 2018
Interest rate swap	$	445		$	—	Other liabilities	$	20
Credit derivatives	84,709			—		Other liabilities	24
Interest rate locks with customers	23,529		Other assets	305			—
Forward loan sale commitments	23,884		Other assets	53			—
Total	$	132,567		$	358		$	44
At December 31, 2017
Interest rate swap	$	523		$	—	Other liabilities	$	38
Credit derivatives	75,622			—		Other liabilities	36
Interest rate locks with customers	27,411		Other assets	527			—
Forward loan sale commitments	29,037		Other assets	61			—
Total	$	132,593		$	588		$	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   September 30,					Nine Months Ended   September 30,
(Dollars in thousands)		2018		2017			2018			2017
Interest rate swap—cash flow hedge—net interest payments	Interest expense	$	1	$	41		$	27		$	148
Interest rate swap—fair value hedge—ineffectiveness	Other noninterest income	1		—			3			5
Net loss		$	—	$	(41	)	$	(24	)	$	(143	)

Income for Derivatives Not Designated as Hedging Instruments

	Statement of Income Classification	Three Months Ended   September 30,						Nine Months Ended   September 30,
(Dollars in thousands)		2018			2017			2018			2017
Credit derivatives	Other noninterest income	$	48		$	25		$	87		$	149
Interest rate locks with customers	Net (loss) gain on mortgage banking activities	(328		)	(129		)	(223		)	433
Forward loan sale commitments	Net gain (loss) on mortgage banking activities	144			(166		)	(8		)	(258		)
Total		$	(136	)	$	(270	)	$	(144	)	$	324

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 September 30, 2018 and December 31, 2017:

(Dollars in thousands)	Accumulated Other Comprehensive (Loss) Income	At September 30, 2018		At December 31, 2017
Interest rate swap—cash flow hedge	Fair value, net of taxes	$	383	$	9
Total		$	383	$	9