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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2013
Derivative Financial Instruments [Abstract]  
Fair value of derivative financial instruments
                         
    Asset Derivative     Liability Derivatives  
   

June 30, 2013

   

June 30, 2013

 
Derivatives designated as hedging instruments (Unaudited)  

Balance Sheet
Location

  Fair Value    

Balance Sheet
Location

  Fair Value  

Interest rate contracts

  Loans   $ 42     Other liabilities   $ 368  

Interest rate contracts

  Other Assets     326     Other liabilities     3,474  
       

 

 

       

 

 

 

Total derivatives designated as hedging instruments

        368           3,842  
       

 

 

       

 

 

 

Derivatives not designated as hedging instruments

                       

Mortgage loan contracts

  Other assets     450     Other liabilities     —    
       

 

 

       

 

 

 

Total derivatives not designated as hedging instruments

        450           —    
       

 

 

       

 

 

 

Total derivatives

      $ 818         $ 3,842  
       

 

 

       

 

 

 
     
    Asset Derivative     Liability Derivatives  
   

December 31, 2012

   

December 31, 2012

 
Derivatives designated as hedging instruments (Unaudited)  

Balance Sheet
Location

  Fair Value    

Balance Sheet
Location

  Fair Value  

Interest rate contracts

  Loans   $ 279     Other liabilities   $ 2,214  

Interest rate contracts

  Other Assets     1,935     Other liabilities     5,493  
       

 

 

       

 

 

 

Total derivatives designated as hedging instruments

        2,214           7,707  
       

 

 

       

 

 

 

Derivatives not designated as hedging instruments

                       

Mortgage loan contracts

  Other assets     858     Other liabilities     —    
       

 

 

       

 

 

 

Total derivatives not designated as hedging instruments

        858           —    
       

 

 

       

 

 

 

Total derivatives

      $ 3,072         $ 7,707  
       

 

 

       

 

 

 
Effect of the derivative instruments on the consolidated statement of income Derivative in cash flow hedging relationship
                                 
   

Amount of Loss Recognized in

Other Comprehensive Income on Derivative
(Effective Portion)

   

Amount of Loss Recognized in

Other Comprehensive Income on Derivative
(Effective Portion)

 
    Three Months Ended June 30     Six Months Ended June 30  
Derivative in cash flow hedging relationship   2013     2012     2013     2012  
  (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)  

Interest rate contracts

  $ 1,028     $ (785   $ 1,313     $ (419
Effect of the derivative instruments on the consolidated statement of income Derivative in fair value hedging relationship
                                     
        Amount of Gain (Loss)
Recognized on Derivative
    Amount of Gain (Loss)
Recognized on Derivative
 
        Three Months Ended June 30     Six Months Ended June 30  

Derivative in fair value

hedging relationship

  Location of gain (loss)   2013     2012     2013     2012  
 

recognized on derivative

  (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)  

Interest rate contracts

  Interest income - loans   $ (1,444   $ 298     $ (1,846   $ 224  

Interest rate contracts

  Interest income - loans     1,444       (298     1,846       (224
       

 

 

   

 

 

   

 

 

   

 

 

 

Total

      $ —       $ —       $ —       $ —    
       

 

 

   

 

 

   

 

 

   

 

 

 
       
        Amount of Gain (Loss)
Recognized on Derivative
    Amount of Gain (Loss)
Recognized on Derivative
 
        Three Months Ended June 30     Six Months Ended June 30  

Derivative not designated

as hedging relationship

  Location of gain (loss)   2013     2012     2013     2012  
 

recognized on derivative

  (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)  

Mortgage contracts

  Other income - gain on sale of loans   $ (396   $ 503     $ (408   $ 280