XML 68 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
DERIVATIVE INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
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 December 31, 2013 and 2012:
 
 
 
Derivatives in Other Assets
 
Derivatives in Other Liabilities
 
Notional Amount
 
Fair Value Gain (Loss)
 
Fair Value Loss
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
(dollars expressed in thousands)
Derivative Instruments Not Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
 
 
 
Customer interest rate swap agreements
$

 
12,149

 

 
87

 

 
(87
)
Interest rate lock commitments
14,237

 
59,932

 
217

 
1,837

 

 

Forward commitments to sell mortgage-backed securities
29,100

 
107,700

 
296

 
(305
)
 

 

Total
$
43,337

 
179,781

 
513

 
1,619

 

 
(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 years December 31, 2013, 2012 and 2011 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
2013
 
2012
 
2011
 
 
(dollars expressed in thousands)
Interest rate swap agreements
Other noninterest income
$

 
(43
)
 
(194
)
Customer interest rate swap agreements
Other noninterest income

 
3

 
1

Interest rate lock commitments
Gain on loans sold and held for sale
(1,620
)
 
456

 
1,105

Forward commitments to sell mortgage-backed securities
Gain on loans sold and held for sale
601

 
424

 
(2,267
)