Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2017

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, 2017, and December 31, 2016.

Asset Derivatives

Liability Derivatives

September 30, 2017

December 31, 2016

September 30, 2017

December 31, 2016

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

$

1

Other Assets

$

15

Other Liabilities

$

1,934

Other Liabilities

$

2,182

Derivatives not designated as hedging instruments:

Interest rate contracts

Other Assets

$

7,060

Other Assets

$

6,295

Other Liabilities

$

7,060

Other Liabilities

$

6,295

Amount of gain (loss) recognized in other comprehensive income

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, 2017			September 30, 2016		September 30, 2017			September 30, 2016
Interest Rate Products	$	(10	)	$	384	$	(380	)	$	(2,383	)

Schedule of derivative instruments, gain (loss) in Income Statement

The tables below present the effect of the Corporation’s derivative financial instruments on the Income Statement for the three and nine months ended September 30, 2017 and 2016.

Derivatives Not Designated as Hedging Instruments under FASB ASC 815-10	Location of Gain (Loss) Recognized Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative
		Three Months Ended September 30, 2017	Three Months Ended September 30, 2016
Interest rate contracts	Other income		$	211

Derivatives Not Designated as Hedging Instruments under FASB ASC 815-10	Location of Gain (Loss) Recognized Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative
		Nine Months Ended September 30, 2017	Nine Months Ended September 30, 2016
Interest rate contracts	Other income		$	698

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

Derivatives Designated as Hedging Instruments under FASB ASC 815-10	Location of Gain (Loss) Recognized Income on Derivative	Amount of Gain (Loss) Reclassed from Other Comprehensive Income into Income (Effective Portion)
		Three Months Ended September 30, 2017			Three Months Ended September 30, 2016
Interest rate contracts	Interest Expense	$	(240	)	$	(317	)

Derivatives Designated as Hedging Instruments under FASB ASC 815-10	Location of Gain (Loss) Recognized Income on Derivative	Amount of Gain (Loss) Reclassed from Other Comprehensive Income into Income (Effective Portion)
		Nine Months Ended September 30, 2017			Nine Months Ended September 30, 2016
Interest rate contracts	Interest Expense	$	(759	)	$	(959	)