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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of amounts of non-hedging derivative financial instruments
The following table shows the amounts of non-hedging derivative financial instruments at December 31, 2016 and 2015.
 
 
 
 
Asset derivatives
 
Liability derivatives
(Dollars in thousands)
 
Notional or contractual amount
 
Statement of Financial Condition classification
 
Fair value
 
Statement of Financial Condition classification
 
Fair value
Interest rate swap contracts
 
$
570,004

 
Other assets
 
$
6,621

 
Other liabilities
 
$
6,743

Loan commitments
 
5,527

 
Mortgages held for sale
 
43

 
N/A
 

Forward contracts - mortgage loan
 
16,525

 
Mortgages held for sale
 
222

 
N/A
 

Total - December 31, 2016
 
$
592,056

 
 
 
$
6,886

 
 
 
$
6,743

 
 
 
 
 
 
 
 
 
 
 
Interest rate swap contracts
 
$
554,083

 
Other assets
 
$
9,859

 
Other liabilities
 
$
10,044

Loan commitments
 
12,440

 
Mortgages held for sale
 
47

 
N/A
 

Forward contracts - mortgage loan
 
16,416

 
Mortgages held for sale
 
13

 
N/A
 

Total - December 31, 2015
 
$
582,939

 
 
 
$
9,919

 
 
 
$
10,044

Schedule of amounts included in the consolidated statements of income for non-hedging derivative financial instruments
The following table shows the amounts included in the Statements of Income for non-hedging derivative financial instruments at December 31, 2016, 2015 and 2014.
 
 
 
 
Gain (loss)
(Dollars in thousands)
 
Statement of Income classification
 
2016
 
2015
 
2014
Interest rate swap contracts
 
Other expense
 
$
64

 
$
(8
)
 
$
16

Interest rate swap contracts
 
Other income
 
730

 
1,045

 
357

Loan commitments
 
Mortgage banking
 
(4
)
 
45

 
(10
)
Forward contracts - mortgage loan
 
Mortgage banking
 
209

 
155

 
(263
)
Forward contracts - foreign exchange
 
Other income
 

 

 
79

Total
 
 
 
$
999

 
$
1,237

 
$
179

Schedule of offsetting of financial assets and derivative assets
The following table shows the offsetting of financial assets and derivative assets at December 31, 2016 and 2015.
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Statement of Financial Condition
 
 
(Dollars in thousands)
 
Gross Amounts of Recognized Assets
 
Gross Amounts Offset in the Statement of Financial Condition
 
Net Amounts of Assets Presented in the Statement of Financial Condition
 
Financial Instruments
 
Cash Collateral Received
 
Net Amount
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
6,681

 
$
60

 
$
6,621

 
$

 
$

 
$
6,621

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
10,016

 
$
157

 
$
9,859

 
$

 
$

 
$
9,859

Schedule of offsetting of financial liabilities and derivative liabilities
The following table shows the offsetting of financial liabilities and derivative liabilities at December 31, 2016 and 2015.
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Statement of Financial Condition
 
 
(Dollars in thousands)
 
Gross Amounts of Recognized Liabilities
 
Gross Amounts Offset in the Statement of Financial Condition
 
Net Amounts of Liabilities Presented in the Statement of Financial Condition
 
Financial Instruments
 
Cash Collateral Pledged
 
Net Amount
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
6,803

 
$
60

 
$
6,743

 
$

 
$
3,794

 
$
2,949

Repurchase agreements
 
162,913

 

 
162,913

 
162,913

 

 

Total
 
$
169,716

 
$
60

 
$
169,656

 
$
162,913

 
$
3,794

 
$
2,949

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
10,201

 
$
157

 
$
10,044

 
$

 
$
9,833

 
$
211

Repurchase agreements
 
130,662

 

 
130,662

 
130,662

 

 

Total
 
$
140,863

 
$
157

 
$
140,706

 
$
130,662

 
$
9,833

 
$
211