Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Effect of Derivative Financial Instruments on Income Statement

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, 2012, and December 31, 2011.

Asset Derivatives

Liability Derivatives

September 30, 2012

December 31, 2011

September 30, 2012

December 31, 2011

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

$

206

Other Assets

$

424

Other Liabilities

$

3,617

Other Liabilities

$

2,305

Derivatives not designated as hedging instruments:

Interest rate contracts

Other Assets

$

6,412

Other Assets

$

5,241

Other Liabilities

$

6,789

Other Liabilities

$

5,492

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

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, 2012, and 2011.

Derivatives Not Designated as Hedging Instruments under 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, 2012			Nine Months Ended  September 30, 2012
Interest rate contracts	Other income	$	(70	)	$	(125	)
Derivatives Not Designated as Hedging Instruments under 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, 2011			Nine Months Ended September 30, 2011
Interest rate contracts	Other income	$	(95	)	$	(93	)