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Derivatives (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Financial Instruments and Classification
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 December 31, 2016:

December 31, 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

 
$
629

 
Other Assets
 
2026-03-15
December 15, 2016
5,000

 
163

 
Other Assets
 
2026-12-15
June 15, 2017
6,000

 
201

 
Other Assets
 
2027-06-15
December 15, 2017
10,000

 
448

 
Other Assets
 
2027-12-15
December 15, 2017
5,000

 
206

 
Other Assets
 
2027-12-15

 

 
 

 
 
 
 
Total
$
38,500

 
$
1,647

 
 
 
 
Schedule of Derivative 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 year ended December 31, 2016:
໿

Year Ended December 31, 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
$
377

 
Not applicable
 
$

December 15, 2016
98

 
Not applicable
 

June 15, 2017
120

 
Not applicable
 

December 15, 2017
269

 
Not applicable
 

December 15, 2017
124

 
Not applicable
 


 

 
 
 
 

Total
$
988

 
 
 
$