XML 32 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2012
Derivative Instruments and Hedging Activities [Abstract]  
Notional amounts and fair values of derivatives not designated as hedging instruments
                                 
          Derivative Assets     Derivative Liabilities  

(Dollars in thousands)

  Notional
Amount
    Balance Sheet
Classification
  Fair
Value
    Balance Sheet
Classification
  Fair
Value
 
           

At June 30, 2012

                               

Interest rate locks with customers

  $ 66,147     Other Assets   $ 2,026     —     $ —    

Forward loan commitments

    67,472     —       —       Other Liabilities     412  
   

 

 

       

 

 

       

 

 

 

Total

  $ 133,619         $ 2,026         $ 412  
   

 

 

       

 

 

       

 

 

 
           

At December 31, 2011

                               

Interest rate locks with customers

  $ 35,934     Other Assets   $ 1,079     —     $ —    

Forward loan commitments

    39,080     —       —       Other Liabilities     302  
   

 

 

       

 

 

       

 

 

 

Total

  $ 75,014         $ 1,079         $ 302  
   

 

 

       

 

 

       

 

 

 
Notional amounts and fair values of derivatives designated as hedging instruments
                                 
          Derivative Assets     Derivative Liabilities  

(Dollars in thousands)

  Notional
Amount
    Balance
Sheet
Classification
  Fair
Value
    Balance Sheet
Classification
  Fair
Value
 
           

At June 30, 2012

                               

Interest rate swap—cash flow hedge

  $ 20,000     —     $ —       Other Liabilities   $ 1,824  
   

 

 

       

 

 

       

 

 

 

Total

  $ 20,000         $ —           $ 1,824  
   

 

 

       

 

 

       

 

 

 
           

At December 31, 2011

                               

Interest rate swap—cash flow hedge

  $ 20,000     —     $ —       Other Liabilities   $ 1,435  
   

 

 

       

 

 

       

 

 

 

Total

  $ 20,000         $ —           $ 1,435  
   

 

 

       

 

 

       

 

 

 
Income for derivatives not designated as hedging instruments
                                     
        Three Months Ended
June  30,
    Six Months Ended
June  30,
 

(Dollars in thousands)

 

Statement of Income Classification

  2012     2011     2012     2011  
           

Interest rate locks with customers

 

Net gain (loss) on mortgage banking activities

  $ 725     $ 109     $ 947     $ (231

Forward loan commitments

 

Net gain (loss) on mortgage banking activities

    (483     36       (110     (237
       

 

 

   

 

 

   

 

 

   

 

 

 

Total

      $ 242     $ 145     $ 837     $ (468
       

 

 

   

 

 

   

 

 

   

 

 

 
Income for derivatives designated as hedging instruments
                                     
        Three Months Ended
June 30,
    Six Months Ended
June 30,
 

(Dollars in thousands)

 

Statement of Income Classification

  2012     2011     2012     2011  
           

Interest rate swap—cash flow hedge—interest payments

 

Interest expense

  $ 110     $ 120     $ 218     $ 237  

Interest rate swap—cash flow hedge— ineffectiveness

 

Interest expense

    —         —         —         —    
       

 

 

   

 

 

   

 

 

   

 

 

 

Total

      $ 110     $ 120     $ 218     $ 237  
       

 

 

   

 

 

   

 

 

   

 

 

 
Amounts included in accumulated other comprehensive income for derivatives designated as hedging instruments
                     

(Dollars in thousands)

 

Accumulated other comprehensive (loss)
income

  At
June 30,
2012
    At
December 31,
2011
 
       

Interest rate swap—cash flow hedge

 

Fair value, net of taxes

  $ (1,185   $ (932
       

 

 

   

 

 

 

Total

      $ (1,185   $ (932