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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments

As of June 30, 2016 and December 31, 2015, the total notional amount of the Company’s swaps was $201.4 million, and $189.0 million, respectively. The location of the asset and liability, and their respective fair values are summarized in the tables below.

 

    June 30, 2016  
    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       $   15,161          Other liabilities       $ 15,161     
   

 

 

     

 

 

 

Total derivatives

     $ 15,161           $   15,161     
   

 

 

     

 

 

 
    December 31, 2015  
    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       $ 9,344          Other liabilities       $ 9,344     
   

 

 

     

 

 

 

Total derivatives

     $ 9,344           $ 9,344     
   

 

 

     

 

 

 
Effect of Derivative Instruments on Consolidated Statement of Earnings

The following table summarizes the effect of derivative financial instruments on the condensed consolidated statement of earnings for the periods presented.

 

     Location of Gain                        
Derivatives Not Designated    Recognized in Income on   Amount of Gain Recognized in Income on Derivative  

  as Hedging Instruments

  

Derivative Instruments

  Instruments  
         For the Three Months Ended
June 30,
    For the Six Months Ended
June 30,
 
         2016     2015     2016     2015  
               (Dollars in thousands)        

Interest rate swaps

   Other income     $ 327          $ 199          $ 385          $ 199     
    

 

 

   

 

 

   

 

 

   

 

 

 

Total

       $ 327          $ 199          $ 385          $ 199