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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017 and 2016.
 
 
 
 
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
 
$
756,550

 
Other assets
 
$
5,167

 
Other liabilities
 
$
5,262

Loan commitments
 
8,504

 
Mortgages held for sale
 
66

 
N/A
 

Forward contracts - mortgage loan
 
19,390

 
N/A
 

 
Mortgages held for sale
 
10

Total - December 31, 2017
 
$
784,444

 
 
 
$
5,233

 
 
 
$
5,272

 
 
 
 
 
 
 
 
 
 
 
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

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, 2017, 2016 and 2015.
 
 
 
 
Gain (loss)
(Dollars in thousands)
 
Statement of Income classification
 
2017
 
2016
 
2015
Interest rate swap contracts
 
Other expense
 
$
26

 
$
64

 
$
(8
)
Interest rate swap contracts
 
Other income
 
1,585

 
730

 
1,045

Loan commitments
 
Mortgage banking
 
23

 
(4
)
 
45

Forward contracts - mortgage loan
 
Mortgage banking
 
(232
)
 
209

 
155

Total
 
 
 
$
1,402

 
$
999

 
$
1,237

Schedule of offsetting of financial assets and derivative assets
The following table shows the offsetting of financial assets and derivative assets at December 31, 2017 and 2016.
 
 
 
 
 
 
 
 
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, 2017
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
5,194

 
$
27

 
$
5,167

 
$

 
$

 
$
5,167

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
6,681

 
$
60

 
$
6,621

 
$

 
$

 
$
6,621

Schedule of offsetting of financial liabilities and derivative liabilities
The following table shows the offsetting of financial liabilities and derivative liabilities at December 31, 2017 and 2016.
 
 
 
 
 
 
 
 
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, 2017
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
5,289

 
$
27

 
$
5,262

 
$

 
$
2,705

 
$
2,557

Repurchase agreements
 
149,835

 

 
149,835

 
149,835

 

 

Total
 
$
155,124

 
$
27

 
$
155,097

 
$
149,835

 
$
2,705

 
$
2,557

 
 
 
 
 
 
 
 
 
 
 
 
 
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