Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Financial Instruments and Their Classification on Balance Sheet

The table below presents the fair value of the Corporation’s derivative financial instruments, as well as their classification on the Balance Sheet, as of September 30, 2014, and December 31, 2013.

Asset Derivatives

Liability Derivatives

September 30, 2014

December 31, 2013

September 30, 2014

December 31, 2013

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Derivatives designated as hedging instruments:

Interest rate contracts

Other Assets

$

236

Other Assets

$

1,162

Other Liabilities

$

1,620

Other Liabilities

$

1,021

Derivatives not designated as hedging instruments:

Interest rate contracts

Other Assets

$

2,873

Other Assets

$

2,847

Other Liabilities

$

2,927

Other Liabilities

$

2,932

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The tables below present the effect of the Corporation’s derivative financial instruments on the Income Statement for three and nine months ended September 30, 2014, and 2013.

Derivatives Not Designated as Hedging Instruments under FASB ASC 815-10	Location of Gain (Loss) Recognized Income on Derivative	Amount of Gain (Loss) Recognized Income on Derivative		Amount of Gain (Loss) Recognized Income on Derivative
		Three Months Ended September 30, 2014		Nine Months Ended September 30, 2014
Interest rate contracts	Other income	$	43	$	31

Derivatives Not Designated as Hedging Instruments under FASB ASC 815-10	Location of Gain (Loss) Recognized Income on Derivative	Amount of Gain (Loss) Recognized Income on Derivative			Amount of Gain (Loss) Recognized Income on Derivative
		Three Months Ended September 30, 2013			Nine Months Ended September 30, 2013
Interest rate contracts	Other income	$	(16	)	$	249

The amount of gain (loss) recognized in other comprehensive income is included in the table below for the periods indicated.

Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)
	Three Months ended					Nine Months ended
	September 30, 2014		September 30, 2013			September 30, 2014			September 30, 2013
Interest Rate Products	$	28	$	(248	)	$	(2,530	)	$	1,550

The amount of gain (loss) reclassified from other comprehensive income into income is included in the table below for the periods indicated.

Location of Loss Reclassified from Accumulated Other Comprehensive Income (Effective Portion)	Amount of Gain (Loss) Reclassified from Other Comprehensive Income into Income (Effective Portion)
	Three Months ended						Nine Months ended
	September 30, 2014			September 30, 2013			September 30, 2014			September 30, 2013
Interest Expense	$	(356	)	$	(207	)	$	(1,051	)	(587	)