Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019 and December 31, 2018. 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, 2019
Interest rate swap - cash flow hedge	$	16,487		$	—	Other liabilities	$	326
Interest rate swap - fair value hedge	—			—			—
Total	$	16,487		$	—		$	326
At December 31, 2018
Interest rate swap - cash flow hedge	$	17,076	Other assets	$	185		$	—
Interest rate swap - fair value hedge	1,346		Other assets	4			—
Total	$	18,422		$	189		$	—

Notional Amounts and Fair Value 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, 2019 and December 31, 2018:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At September 30, 2019
Interest rate swap	$	332		$	—	Other liabilities	$	17
Credit derivatives	221,384			—		Other liabilities	263
Interest rate locks with customers	57,727		Other assets	907			—
Forward loan sale commitments	60,469		Other assets	169			—
Total	$	339,912		$	1,076		$	280
At December 31, 2018
Interest rate swap	$	418		$	—	Other liabilities	$	20
Credit derivatives	122,410			—		Other liabilities	72
Interest rate locks with customers	21,494		Other assets	490			—
Forward loan sale commitments	23,227			—		Other liabilities	150
Total	$	167,549		$	490		$	242

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				Nine Months Ended
		September 30,				September 30,
(Dollars in thousands)		2019		2018		2019		2018
Interest rate swap—cash flow hedge—net interest payments	Interest expense	$	(4)	$	1	$	(34)	$	27
Interest rate swap—fair value hedge—effectiveness	Interest income	(6)		—		(5)		—
Interest rate swap—fair value hedge—ineffectiveness	Other noninterest income	—		1		—		3
Total net (loss) gain		$	(2)	$	—	$	29	$	(24)

Income for Derivatives Not Designated as Hedging Instruments

The following table presents amounts included in the consolidated statements of income for derivatives not designated as hedging instruments for the periods indicated:

	Statement of Income Classification	Three Months Ended				Nine Months Ended
		September 30,				September 30,
(Dollars in thousands)		2019		2018		2019		2018
Credit derivatives	Other noninterest income	$	186	$	48	$	768	$	87
Interest rate locks with customers	Net gain (loss) on mortgage banking activities	109		(328)		417		(223)
Forward loan sale commitments	Net gain (loss) on mortgage banking activities	366		144		319		(8)
Total net gain (loss)		$	661	$	(136)	$	1,504	$	(144)

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, 2019 and December 31, 2018:

(Dollars in thousands)	Accumulated Other Comprehensive (Loss) Income	At September 30, 2019		At December 31, 2018
Interest rate swap—cash flow hedge	Fair value, net of taxes	$	(257)	$	80
Total		$	(257)	$	80