Derivatives (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives [Table Text Block]

Summary information about the interest rate swaps designated as cash flow hedges as of March 31, 2016, December 31, 2015 and March 31, 2015 are presented in the following table.

	March 31,		December 31,		March 31,
(dollars in thousands)	2016		2015		2015
Notional amount	$	75,000	$	75,000	$	50,000
Weighted average pay rates		1.57%		1.56%		1.58%
Weighted average receive rates		0.56%		0.44%		0.24%
Weighted average maturity	3.6 years			3.8 years		4.2 years
Fair value	$	(1,568)	$	(131)	$	(486)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table presents the net gains (losses), recorded in other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the following periods:

	Three Months Ended March 31, 2016
					Amount of
					loss
					recognized
					in other
	Amount of loss				Non-
	recognized		Amount of loss		interest
	in OCI		reclassified		income
	(Effective		from OCI to interest		(Ineffective
(in thousands)	Portion)		income		Portion)
Interest rate contracts	$	(1,437)	$	-	$	-
	Three Months Ended March 31, 2015
					Amount of
					loss
					recognized
					in other
	Amount of loss				non-
	recognized		Amount of loss		interest
	in OCI		reclassified		income
	(effective		from OCI to interest		(ineffective
(in thousands)	Portion)		income		portion)
Interest rate contracts	$	(534)	$	-	$	-

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table reflects the cash flow hedges included in the consolidated statements of condition as of March 31, 2016 and December 31, 2015:

	2016				2015
	Notional				Notional
(in thousands)	Amount		Fair Value		Amount		Fair Value
Included in other assets/(liabilities):
Interest rate swaps related to FHLB Advances	$	75,000	$	(1,568)	$	75,000	$	(131)