The following table presents the Corporation's financial instruments that are eligible for offset, and the effects of offsetting, on the consolidated balance sheets:



	Gross Amounts		Gross Amounts Not Offset
	Recognized		on the Consolidated
	on the		Balance Sheets
	Consolidated		Financial			Cash			Net
	Balance Sheets		Instruments (1)			Collateral (2)			Amount
	(in thousands)
September 30, 2015
Interest rate swap derivative assets	$	37,523	$	(87	)	$	—		$	37,436
Foreign exchange derivative assets with correspondent banks	614		(334		)	—			280
Total	$	38,137	$	(421	)	$	—		$	37,716

Interest rate swap derivative liabilities	$	37,523	$	(87	)	$	(37,436	)	$	—
Foreign exchange derivative liabilities with correspondent banks	334		(334		)	310			310
Total	$	37,857	$	(421	)	$	(37,126	)	$	310

December 31, 2014
Interest rate swap derivative assets	$	19,914	$	(206	)	$	—		$	19,708
Foreign exchange derivative assets with correspondent banks	446		(446		)	—			—
Total	$	20,360	$	(652	)	$	—		$	19,708

Interest rate swap derivative liabilities	$	19,914	$	(206	)	$	(19,210	)	$	498
Foreign exchange derivative liabilities with correspondent banks	876		(446		)	(310		)	120
Total	$	20,790	$	(652	)	$	(19,520	)	$	618


(1)	For interest rate swap and foreign exchange derivative assets, amounts represent any derivative liability fair values that could be offset in the event of counterparty or customer default. For interest rate swap and foreign exchange derivative liabilities, amounts represent any derivative asset fair values that could be offset in the event of counterparty or customer default.


(2)	Amounts represent cash collateral posted on interest rate swap transactions with financial institution counterparties. Interest rate swaps with customers are collateralized by the underlying loans to those borrowers.