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Derivatives (Tables)
 3 Months Ended
Mar. 31, 2017
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 March 31, 2017 and December 31, 2016:

March 31, 2017

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

 
$
651

 
 Other Assets
 
March 15, 2026
December 15, 2016
5,000

 
176

 
 Other Assets
 
December 15, 2026
June 15, 2017
6,000

 
203

 
 Other Assets
 
June 15, 2027
December 15, 2017
10,000

 
450

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

 
207

 
 Other Assets
 
December 15, 2027

 

 
 

 
 
 
 
Total
$
38,500

 
$
1,687

 
 
 
 


 
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
 
March 15, 2026
December 15, 2016
5,000

 
163

 
 Other Assets
 
December 15, 2026
June 15, 2017
6,000

 
201

 
 Other Assets
 
June 15, 2027
December 15, 2017
10,000

 
448

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

 
206

 
 Other Assets
 
December 15, 2027

 

 
 
 
 
 
 
Total
$
38,500

 
$
1,647

 
 
 
 
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 March 31, 2017 and 2016:
໿

Three Months Ended March 31, 2017

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
$
13

 
Not applicable
 
$
—

December 15, 2016
8

 
Not applicable
 
—

June 15, 2017
1

 
Not applicable
 
—

December 15, 2017
1

 
Not applicable
 
—

December 15, 2017
1

 
Not applicable
 
—


 
 
 
 
 

Total
$
24

 
 
 
$
—


 
Three Months Ended March 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
$
(38
)
 
Not applicable
 
$
—

December 15, 2016
(58
)
 
Not applicable
 
—

June 15, 2017
(68
)
 
Not applicable
 
—

December 15, 2017
(43
)
 
Not applicable
 
—

December 15, 2017
(32
)
 
Not applicable
 
—


 
 
 
 
 

Total
$
(239
)
 
 
 
$
—