Interest Rate Swap Derivatives (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative instruments

The table below identifies the balance sheet category and fair values of the Company’s designated cash flow hedge derivative instruments as of June 30, 2017 and December 31, 2016.

June 30, 2017	Swap Number			Notional Amount		Fair Value			Balance Sheet Category	Receive Rate	Pay Rate			Maturity
(dollars in thousands)
Interest rate swap		(1	)	$	75,000	$	18		Other Assets	1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points		1.71	%		March 31, 2020
Interest rate swap		(2	)		100,000		(138	)	Other Liabilities	Federal Funds Effective Rate +10 basis points		1.74	%		April 15, 2021
Interest rate swap		(3	)		75,000		19		Other Assets	1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points		1.92	%		March 31, 2022
		Total		$	250,000	$	(101	)

December 31, 2016	Swap Number			Notional Amount		Fair Value			Balance Sheet Category	Receive Rate	Pay Rate			Maturity
(dollars in thousands)
Interest rate swap		(1	)	$	75,000	$	(197	)	Other Liabilities	1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points		1.71	%		March 31, 2020
Interest rate swap		(2	)		100,000		(514	)	Other Liabilities	Federal Funds Effective Rate +10 basis points		1.74	%		April 15, 2021
Interest rate swap		(3	)		75,000		19		Other Assets	1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points		1.92	%		March 31, 2022
		Total		$	250,000	$	(692	)

Schedule of pretax net gain (loss) of derivative instruments

The table below presents the pre-tax net gains (losses) of the Company’s cash flow hedges for the six months ended June 30, 2017 and for the year ended December 31, 2016.

				Six Months Ended June 30, 2017
				Effective Portion							Ineffective Portion
				Amount of			Reclassified from AOCI into income				Recognized in Income on Derivatives
	Swap Number			Pre-tax gain (loss) Recognized in OCI			Category	Amount of Gain (Loss)			Category	Amount of Gain (Loss)
(dollars in thousands)
Interest rate swap		(1	)	$	18		Interest Expense	$	(112	)	Other Expense	$	—
Interest rate swap		(2	)		(138	)	Interest Expense		(172	)	Other Expense		—
Interest rate swap		(3	)		19		Interest Expense		(152	)	Other Expense		—
		Total		$	(101	)		$	(436	)		$	—

				Year Ended December 31, 2016
				Effective Portion							Ineffective Portion
				Amount of			Reclassified from AOCI into income				Recognized in Income on Derivatives
	Swap Number			Pre-tax gain (loss) Recognized in OCI			Category	Amount of Gain (Loss)			Category	Amount of Gain (Loss)
(dollars in thousands)
Interest rate swap		(1	)	$	(197	)	Interest Expense	$	(628	)	Other Expense	$	—
Interest rate swap		(2	)		(514	)	Interest Expense		(880	)	Other Expense		—
Interest rate swap		(3	)		19		Interest Expense		(747	)	Other Expense		1
		Total		$	(692	)		$	(2,255	)		$

Schedule of offsetting liabilities of derivatives

The Company generally offsets such financial instruments for financial reporting purposes.

Six Months Ended June 30, 2017
Offsetting of Derivative Liabilities (dollars in thousands)
											Gross Amounts Not Offset in the Balance Sheet
		Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Balance Sheet			Net Amounts of Liabilities presented in the Balance Sheet			Financial Instruments		Cash Collateral Posted			Net Amount
Counterparty 1	$	138		$	(19	)	$	119		$	—	$	(1,360	)	$	(1,241	)
Counterparty 2		(18	)		—			(18	)		—		(330	)		(348	)
	$	120		$	(19	)	$	101		$	—	$	(1,690	)	$	(1,589	)

Year Ended December 31, 2016
Offsetting of Derivative Liabilities (dollars in thousands)
									Gross Amounts Not Offset in the Balance Sheet
		Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Balance Sheet			Net Amounts of Liabilities presented in the Balance Sheet		Financial Instruments		Cash Collateral Posted			Net Amount
Counterparty 1	$	514	$	(19	)	$	495	$	—	$	(380	)	$	115
Counterparty 2		197		—			197		—		(170	)		27
	$	711	$	(19	)	$	692	$	—	$	(550	)	$	142