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Derivatives (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table presents the fair value of derivatives not designated as hedging instruments at December 31, 2015 and December 31, 2014:
(In thousands)
Asset Derivatives


 
December 31, 2015

 
December 31, 2014

Balance Sheet Location

Fair Value


Fair Value


 


 

Interest rate contracts
Other assets
 

$125


 

$78

Interest rate lock commitments
Other assets
 
1,514

 
 
841

Total
 
 

$1,639

 
 

$919

(In thousands)
Liability Derivatives


 
December 31, 2015

 
December 31, 2014

Balance Sheet Location

Fair Value


Fair Value


 


 

Interest rate contracts
Other liabilities
 

$216


 

$158

Total
 
 

$216

 
 

$158

Derivative Instruments, Gain (Loss)
The following table presents the gains of derivatives not designated as hedging instruments at December 31, 2015 and 2014:
(In thousands)
Income Statement Location
December 31, 2015
 
December 31, 2014
 
 
 
 
 
 
 
Interest rate contracts
Mortgage banking income
 

($422
)
 
 

($306
)
Interest rate lock commitments
Mortgage banking income
 
626

 
 
173

Total
 
 

$204

 
 

($133
)
Offsetting Assets
The following table summarizes the derivatives that have a right of offset as of December 31, 2015 and 2014:
December 31, 2015
 
 
 
Gross amounts not offset in the Statement of Financial Position
 
(In Thousands)
Gross amounts of recognized assets and liabilities
Gross amounts offset in the Statement of Financial Position
Net amounts of assets and liabilities presented in the Statement of Financial Position
Financial Instruments
Collateral Posted
Net Amount
Asset Derivatives
 
 
 
 
 
 
Interest rate contracts
$125

$—

$125

$—


$—

$125
 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate contracts
$216

$—

$216

$—

$216

$—

 
 
 
 
 
 
 
December 31, 2014
 
 
 
Gross amounts not offset in the Statement of Financial Position
 
(In Thousands)
Gross amounts of recognized assets and liabilities
Gross amounts offset in the Statement of Financial Position
Net amounts of assets and liabilities presented in the Statement of Financial Position
Financial Instruments
Collateral Posted
Net Amount
Asset Derivatives
 
 
 
 
 
 
Interest rate contracts
$78

$—

$78

$—


$—

$78
 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate contracts
$158

$—

$158

$—


$—

$158
Offsetting Liabilities
The following table summarizes the derivatives that have a right of offset as of December 31, 2015 and 2014:
December 31, 2015
 
 
 
Gross amounts not offset in the Statement of Financial Position
 
(In Thousands)
Gross amounts of recognized assets and liabilities
Gross amounts offset in the Statement of Financial Position
Net amounts of assets and liabilities presented in the Statement of Financial Position
Financial Instruments
Collateral Posted
Net Amount
Asset Derivatives
 
 
 
 
 
 
Interest rate contracts
$125

$—

$125

$—


$—

$125
 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate contracts
$216

$—

$216

$—

$216

$—

 
 
 
 
 
 
 
December 31, 2014
 
 
 
Gross amounts not offset in the Statement of Financial Position
 
(In Thousands)
Gross amounts of recognized assets and liabilities
Gross amounts offset in the Statement of Financial Position
Net amounts of assets and liabilities presented in the Statement of Financial Position
Financial Instruments
Collateral Posted
Net Amount
Asset Derivatives
 
 
 
 
 
 
Interest rate contracts
$78

$—

$78

$—


$—

$78
 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
Interest rate contracts
$158

$—

$158

$—


$—

$158