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Derivatives (Tables)
 9 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivatives
The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Statements of Financial Condition at September 30, 2016:

September 30, 2016

Notional/
Contract
Amount
 
Fair
Value
 
Balance
Sheet
Location
 
Expiration
Date
(Dollars in thousands)
 

 
 

 
 
 
 
Derivatives designated as hedging instruments
Interest rate swaps by effective date:
 

 
 
 
 
 
 
March 15, 2016
$
12,500

 
$
(278
)
 
Other Liabilities
 
2026-03-15
December 15, 2016
5,000

 
(223
)
 
Other Liabilities
 
2026-12-15
June 15, 2017
6,000

 
(280
)
 
Other Liabilities
 
2027-06-15
December 15, 2017
10,000

 
(373
)
 
Other Liabilities
 
2027-12-15
December 15, 2017
5,000

 
(205
)
 
Other Liabilities
 
2027-12-15

 

 
 

 
 
 
 
Total
$
38,500

 
$
(1,359
)
 
 
 
 
Schedule of Derivative Financial Instruments Designated as Cash Flow Hedges
The table below presents the Company’s derivative financial instruments that are designated as cash flow hedgers of interest rate risk and their effect on the Company’s Consolidated Statements of Financial Conditions during the three months ended September 30, 2016:
໿

Three Months Ended September 30, 2016

Amount of Gain
Recognized in OCI
on
Derivatives, net of
Tax
(Effective Portion)
 
Location of Gain
(Loss) Recognized in
Income of
Derivatives
(Ineffective Portion)
 
Amount of Gain (Loss)
Recognized in Income of
Derivatives
(Ineffective Portion)
(Dollars in thousands)
 

 
 
 
 

Derivatives in cash flow hedges
Interest rate swaps by effective
date:
 

 
 
 
 

March 15, 2016
$
66

 
Not applicable
 
$
—

December 15, 2016
16

 
Not applicable
 
—

June 15, 2017
14

 
Not applicable
 
—

December 15, 2017
12

 
Not applicable
 
—

December 15, 2017
6

 
Not applicable
 
—


 
 
 
 
 

Total
$
114

 
 
 
$
—














The table below presents the Company’s derivative financial instruments that are designated as cash flow hedgers of interest rate risk and their effect on the Company’s Consolidated Statements of Financial Conditions during the nine months ended September 30, 2016:
໿

Nine Months Ended September 30, 2016

Amount of Loss
Recognized in OCI
on
Derivatives, net of
Tax
(Effective Portion)
 
Location of Gain
(Loss) Recognized in
Income of
Derivatives
(Ineffective Portion)
 
Amount of Gain (Loss)
Recognized in Income of
Derivatives
(Ineffective Portion)
(Dollars in thousands)
 

 
 
 
 

Derivatives in cash flow hedges
Interest rate swaps by effective
date:
 

 
 
 
 

March 15, 2016
$
(166
)
 
Not applicable
 
$
—

December 15, 2016
(134
)
 
Not applicable
 
—

June 15, 2017
(168
)
 
Not applicable
 
—

December 15, 2017
(224
)
 
Not applicable
 
—

December 15, 2017
(123
)
 
Not applicable
 
—


 

 
 
 
 

Total
$
(815
)
 
 
 
$
—