Derivative and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of Notional Amounts and Gross Fair Values of Derivative Assets and Derivative Liabilities

The following table presents notional amounts and gross fair values of all derivative assets and derivative liabilities held by the Corporation:

	September 30, 2015						December 31, 2014
	Notional		Fair Value				Notional		Fair Value
	Amount		Asset		Liability		Amount		Asset		Liability
Gross Derivatives
Subject to master netting arrangements:
Interest rate contracts – designated	$	250,000	$	4,918	$	855	$	200,000	$	2,109	$	2,330
Interest rate swaps – not designated		1,193,598		1		61,753		972,002		140		43,655
Equity contracts – not designated		1,180		12		—		1,210		47		—
Total subject to master netting arrangements		1,444,778		4,931		62,608		1,173,212		2,296		45,985
Not subject to master netting arrangements:
Interest rate swaps – not designated		1,193,598		61,348		1		972,002		43,602		128
Credit risk contracts – not designated		111,976		14		185		68,632		—		—
Equity contracts – not designated		1,180		—		12		1,210		—		47
Total not subject to master netting arrangements		1,306,754		61,362		198		1,041,844		43,602		175
	$	2,751,532	$	66,293	$	62,806	$	2,215,056	$	45,898	$	46,160

Derivative Liabilities

The following table presents information about derivative liabilities that are subject to enforceable master netting arrangements as well as those not subject to enforceable master netting arrangements:

Derivative Liabilities
Subject to master netting arrangements:
Interest rate contracts
Designated	$	855	—	$	855
Not designated		61,753	—		61,753
Not subject to master netting arrangements:
Interest rate contracts – not designated		1	—		1
Credit contracts – not designated		185	—		185
Equity contracts – not designated		12	—		12
	$	62,806	—	$	62,806

Derivative Liabilities
Subject to master netting arrangements:
Interest rate contracts
Designated	$	2,330	—	$	2,330
Not designated		43,655	—		43,655
Not subject to master netting arrangements:
Interest rate contracts – not designated		128	—		128
Equity contracts – not designated		47	—		47
	$	46,160	—	$	46,160

Derivative Assets

The following table presents information about derivative assets and derivative liabilities that are subject to enforceable master netting arrangements as well as those not subject to enforceable master netting arrangements:

	Gross Amount		Gross Amounts Offset in the Balance Sheet		Net Amount Presented in the Balance Sheet
September 30, 2015
Derivative Assets
Subject to master netting arrangements:
Interest rate contracts
Designated	$	4,918		—	$	4,918
Not designated		1		—		1
Equity contracts – not designated		12		—		12
Not subject to master netting arrangements:
Interest rate contracts – not designated		61,348		—		61,348
Credit contracts – not designated		14		—		14
	$	66,293		—	$	66,293

December 31, 2014
Derivative Assets
Subject to master netting arrangements:
Interest rate contracts
Designated	$	2,109	—	$	2,109
Not designated		140	—		140
Equity contracts – not designated		47	—		47
Not subject to master netting arrangements:
Interest rate contracts – not designated		43,602	—		43,602
	$	45,898	—	$	45,898

Effect of Corporation's Derivative Financial Instruments on Income Statement

The following table presents the effect of certain of the Corporation’s derivative financial instruments on the income statement:

	Income	Nine Months Ended
	Statement	September 30,
	Location	2015			2014
Interest Rate Contracts	Interest income - loans and leases	$	2,440		$	2,479
Interest Rate Contracts	Interest expense – short-term borrowings		115			—
Interest Rate Swaps	Other income		(364	)		(9	)
Credit Risk Contracts	Other income		(170	)		—

Collateral Held By Counterparty [Member]

Derivative Liabilities

The following table presents a reconciliation of the net amounts of  derivative liabilities presented in the balance sheet to the net amounts that would result in the event of offset:

Derivative Liabilities
Interest rate contracts:
Designated	$	855	$	—	$	—	$	855
Not designated		61,753		31,827		28,290		1,636
	$	62,608	$	31,827	$	28,290	$	2,491

Derivative Liabilities
Interest rate contracts:
Designated	$	2,330	$	2,330	$	—	$	—
Not designated		43,655		28,646		13,243		1,766
	$	45,985	$	30,976	$	13,243	$	1,766

Derivative Assets

The following table presents a reconciliation of the net amounts of derivative assets presented in the balance sheet to the net amounts that would result in the event of offset:

	Net Amount Presented in		Amount Not Offset in the Balance Sheet
	the Balance Sheet		Financial Instruments		Cash Collateral		Net Amount
September 30, 2015
Derivative Assets
Interest rate contracts:
Designated	$	4,918	$	2,557	$	2,361		—
Not designated		1		1		—		—
Equity contracts – not designated		12		12		—		—
	$	4,931	$	2,570	$	2,361		—

December 31, 2014
Derivative Assets
Interest rate contracts:
Designated	$	2,109	$	810	$	1,299	—
Not designated		140		138		2	—
Equity contracts – not designated		47		47		—	—
	$	2,296	$	995	$	1,301	—