DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Net Gains (losses) Relating to Free-Standing Derivative Instruments

The net gains (losses) relating to free-standing derivative instruments used for risk management are summarized below as of December 31, 2015, 2014 and 2013:

		December 31,		December 31,		December 31,
	Location	2015		2014		2013
		(Dollars in Thousands)
Forward contracts related to mortgage loans held for sale	Mortgage banking activity	$	(137)	$	(249)	$	98
Interest rate lock commitments	Mortgage banking activity	$	2,687	$	1,757	$	1,082

Summary of Derivative Financial Instruments

The following table reflects the amount and market value of mortgage banking derivatives included in the Consolidated Balance Sheets as of December 31, 2015 and 2014:

	2015				2014
	Notional				Notional
	Amount		Fair Value		Amount		Fair Value
	(Dollars in Thousands)
Included in other assets:
Forward contracts related to mortgage loans held for sale	$	-	$	-	$	-	$	-
Interest rate lock commitments		77,710		2,687		38,868		1,757
Total included in other assets	$	77,710	$	2,687	$	38,868	$	1,757
Included in other liabilities:
Forward contracts related to mortgage loans held for sale	$	123,500	$	137	$	46,500	$	249
Interest rate lock commitments		-		-		-		-
Total included in other liabilities	$	123,500	$	137	$	46,500	$	249