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DERIVATIVE INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments [Table Text Block]
The following table summarizes derivative instruments held by the Company, their notional amount, estimated fair values and their location in the consolidated balance sheets at September 30, 2013 and December 31, 2012:
 
 
 
Derivatives in Other Assets
 
Derivatives in Other Liabilities
 
Notional Amount
 
Fair Value Gain (Loss)
 
Fair Value Loss
 
September 30, 2013
 
December 31, 2012
 
September 30, 2013
 
December 31, 2012
 
September 30, 2013
 
December 31, 2012
 
(dollars expressed in thousands)
Derivative Instruments Not Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
 
 
 
Customer interest rate swap agreements
$
8,731

 
12,149

 
7

 
87

 
(7
)
 
(87
)
Interest rate lock commitments
27,118

 
59,932

 
743

 
1,837

 

 

Forward commitments to sell mortgage-backed securities
39,300

 
107,700

 
(637
)
 
(305
)
 

 

Total
$
75,149

 
179,781

 
113

 
1,619

 
(7
)
 
(87
)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The following table summarizes amounts included in the consolidated statements of operations for the three and nine months ended September 30, 2013 and 2012 related to non-hedging derivative instruments:
Derivative Instruments Not Designated as Hedging Instruments:
 
Location of Gain (Loss) Recognized
in Operations on Derivatives
 
Amount of Gain (Loss) Recognized
in Operations on Derivatives
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2013
 
2012
 
2013
 
2012
 
 
 
 
(dollars expressed in thousands)
Interest rate swap agreements
 
Other noninterest income
 
$

 
(8
)
 

 
(49
)
Customer interest rate swap agreements
 
Other noninterest income
 

 

 

 
3

Interest rate lock commitments
 
Gain on loans sold and held for sale
 
675

 
1,192

 
(1,094
)
 
2,901

Forward commitments to sell mortgage-backed securities
 
Gain on loans sold and held for sale
 
(3,115
)
 
(1,165
)
 
(332
)
 
(1,593
)