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Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2014
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 June 30, 2014 and December 31, 2013:

 

            Derivative Assets      Derivative Liabilities  
(Dollars in thousands)    Notional
Amount
     Balance Sheet
Classification
     Fair
Value
     Balance Sheet
Classification
     Fair
Value
 

At June 30, 2014

              

Interest rate locks with customers

   $ 25,847         Other Assets       $ 769         —         $  —     

Forward loan sale commitments

     26,721         —           —           Other Liabilities         188   
  

 

 

       

 

 

       

 

 

 

Total

   $ 52,568          $ 769          $ 188   
  

 

 

       

 

 

       

 

 

 

At December 31, 2013

              

Interest rate locks with customers

   $ 15,176         Other Assets       $ 321         —         $ —     

Forward loan sale commitments

     17,425         Other Assets         25         —           —     
  

 

 

       

 

 

       

 

 

 

Total

   $ 32,601          $ 346          $ —     
  

 

 

       

 

 

       

 

 

 

 

Income for Derivatives Not Designated as Hedging Instruments

For the three and six months ended June 30, 2014 and 2013, 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
June 30,
    Six Months Ended
June 30,
 
(Dollars in thousands)       2014     2013     2014     2013  

Interest rate locks with customers

   Net gain (loss) on mortgage banking activities    $ 350      $ (1,549   $ 448      $ (1,611

Forward loan sale commitments

   Net (loss) gain on mortgage banking activities      (200     994        (213     826   
     

 

 

   

 

 

   

 

 

   

 

 

 

Total

      $ 150      $ (555   $ 235      $ (785
     

 

 

   

 

 

   

 

 

   

 

 

 

 

Income for Derivatives Designated as Hedging Instruments

For the three and six months ended June 30, 2014 and 2013, 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
June 30,
    Six Months Ended
June 30,
 
(Dollars in thousands)       2014      2013     2014      2013  

Interest rate swap—cash flow hedge—loss on termination

   Net loss on termination of interest rate swap    $  —         $ (1,866   $  —         $ (1,866

Interest rate swap—cash flow hedge—interest payments

   Interest expense      —           9        —           124   

Interest rate swap—cash flow hedge—ineffectiveness

   Interest expense      —           —          —           —     
     

 

 

    

 

 

   

 

 

    

 

 

 

Net loss

      $ —         $ (1,875   $ —         $ (1,990