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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Financial Instruments and Classification on the 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 December 31, 2017 and December 31, 2016.
 
Asset Derivatives

Liability Derivatives
 
December 31, 2017

December 31, 2016

December 31, 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

$
18


Other Assets

$
15


Other Liabilities

$
1,383


Other Liabilities

$
2,182

Derivatives not designated as hedging instruments:
 

 

 

 

 

 

 

 
Interest rate contracts
Other Assets

$
7,305


Other Assets

$
6,295


Other Liabilities

$
7,305


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)
For the Year Ended
2017

2016
Interest rate products
$
13


$
(368
)
Effect of Derivative Financial Instruments on the Income Statement
The tables below present the effect of the Corporation’s derivative financial instruments on the Income Statement for the years ended December 31, 2017, 2016 and 2015.
Derivatives Not
Designated as Hedging
Instruments under
FASB ASC 815-10
Location of Gain
(Loss) Recognized in
Income on Derivative
Amount of Gain (Loss) Recognized in Income on Derivative
2017

2016

2015
Interest rate contracts
Other income
$
—


$
211


$
(53
)


Derivatives Designated as Hedging
Instruments under
FASB ASC 815-10
Location of Loss Reclassified from Accumulated Other Comprehensive Income (Effective Portion)
Amount of Loss Reclassified from Other Comprehensive Income into Income (Effective Portion)
2017

2016

2015
Interest rate contracts
Interest expense
$
(985
)

$
(1,250
)

$
(1,427
)