Derivative Instruments And Hedging Activities

12 Months Ended

Dec. 31, 2011

Derivative Instruments And Hedging Activities [Abstract]

Derivative Instruments And Hedging Activities

NOTE 11. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

In the normal course of business, we use derivative instruments and hedging activities as discussed under Derivative Financial Instruments in Note 1 Summary of Significant Accounting Policies.

The following table indicates the amount representing the value of derivative assets and derivative liabilities at December 31:

	Derivatives (included in Other Assets)				Derivatives (included in Other Liabilities)
	2011		2010		2011		2010
(in thousands)
Derivatives not Designated as Hedging Instruments
Interest Rate Swaps—Commercial Loans
Fair value	$	23,764	$	17,518	$	23,639	$	17,355
Notional amount		189,868		211,078		189,868		211,078
Collateral posted		—		—		20,273		13,928
Interest Rate Lock Commitments—Mortgage Loans
Fair value		244		217		—		—
Notional amount		7,093		17,033		—		—
Forward Sale Contracts—Mortgage Loans
Fair value		—		412		95		—
Notional amount		—		21,785		7,729		—

The following table indicates the gain or loss recognized in income on derivatives for the year ended December 31:

	2011			2010		2009
(in thousands)
Derivatives not Designated as Hedging Instruments
Interest rate swaps—commercial loans	$	(38	)	$	96	$	(616	)
Interest rate lock commitments—mortgage loans		27			62		6
Forward sale contracts—mortgage loans		(507	)		220		242
Total Derivative (Loss) Gain	$	(518	)	$	378	$	(368	)