Derivative and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

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 as of December 31, 2015 and 2014 (in thousands):

	As of December 31, 2015:
	Asset Derivatives			Liability Derivatives
	Consolidated Statements of Financial Condition	Fair Value		Consolidated Statements of Financial Condition	Fair Value
Derivatives not designated as a hedging instruments:
Interest rate products	Other assets	$	6,849	Other liabilities	$	6,623
Credit contracts	Other assets	5			—
Total derivatives not designated as hedging instruments		$	6,854		$	6,623
Derivatives designated as a hedging instrument:
Interest rate products	Other assets	$	—	Other liabilities	$	122
Total derivatives designated as hedging instruments		$	—		$	122

Derivative Instruments, Gain (Loss)

The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the year ended December 31, 2015 and 2014 (in thousands).

		Gain (loss) recognized in Income on derivatives
		For the Year Ended December 31,
	Consolidated Statements of Income	2015			2014
Derivatives not designated as a hedging instruments:
Interest rate products	Other income	$	238		$	(3	)
Credit contracts	Other income	(1		)	6
Total derivatives not designated as hedging instruments		$	237		$	3
Derivatives designated as a hedging instruments:
Interest rate products	Other income	(122		)	—
Total derivatives designated as a hedging instruments		$	(122	)	$	—