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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments

The location of the asset and liability, and their respective fair values are summarized in the table below:

 

    December 31, 2014  
    Asset Derivatives     Liability Derivatives  
    Balance Sheet
Location
    Fair Value     Balance Sheet
Location
    Fair Value  
    (Dollars in thousands)  

Derivatives not designated as hedging instruments:

       

Interest rate swaps

    Other assets      $ 10,080        Other liabilities      $ 10,080   
   

 

 

     

 

 

 

Total derivatives

    $ 10,080        $ 10,080   
   

 

 

     

 

 

 
    December 31, 2013  
    Asset Derivatives     Liability Derivatives  
    Balance Sheet
Location
    Fair Value     Balance Sheet
Location
    Fair Value  
    (Dollars in thousands)  

Derivatives not designated as hedging instruments:

       

Interest rate swaps

    Other assets      $ 10,846        Other liabilities      $ 10,846   
   

 

 

     

 

 

 

Total derivatives

    $ 10,846        $ 10,846   
   

 

 

     

 

 

 
Effect of Derivative Instruments on Consolidated Statement of Earnings

The following table summarizes the effect of derivative financial instruments on the consolidated statements of earnings for the years ended December 31, 2014, 2013, and 2012:

 

Derivatives Not

Designated as Hedging

Instruments

 

Location of Gain

Recognized in Income on

Derivative Instruments

  Amount of Gain Recognized in
Income on Derivative  Instruments
 
        For the Year Ended Dec 31,  
            2014             2013             2012      
        (Dollars in thousands)  

Interest rate swaps

  Other income     $                 133        $                 —          $               1,252   
   

 

 

   

 

 

   

 

 

 

Total

      $ 133        $ —          $ 1,252