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DERIVATIVE INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2015
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 June 30, 2015 and December 31, 2014:

(dollars in thousands)
 
 
Derivatives in Other Assets
Notional Amount
 
Fair Value Gain (Loss)
June 30,
2015
 
December 31, 2014
 
June 30,
2015
 
December 31, 2014
Derivative Instruments Not Designated as Hedging Instruments:
 
 
 
 
 
 
 
Interest rate lock commitments
$
30,704

 
20,762

 
655

 
580

Forward commitments to sell mortgage-backed securities
51,200

 
38,300

 
448

 
(294
)
Total
$
81,904

 
59,062

 
1,103

 
286

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 income for the three and six months ended June 30, 2015 and 2014 related to non-hedging derivative instruments:

(dollars in thousands)
 
Location of Gain (Loss) Recognized
in Operations on Derivatives
 
Amount of Gain (Loss) Recognized
in Operations on Derivatives
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Derivative Instruments Not Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
 
 
Interest rate lock commitments
 
Gain on loans sold and held for sale
 
$
(613
)
 
203

 
75

 
318

Forward commitments to sell mortgage-backed securities
 
Gain on loans sold and held for sale
 
732

 
(455
)
 
742

 
(737
)