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Financial Derivatives (Tables)
3 Months Ended
Mar. 31, 2013
Financial Derivatives [Abstract]  
Schedule of Derivative Instruments [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

Amount Expected to

 

 

 

 

 

 

 

 

 

 

be Expensed into

Notional

 

Maturity

 

Interest Rate

 

 

Earnings within the

Amount

 

Date

 

Fixed

 

Variable

 

 

next 12 Months

 

 

 

 

 

 

 

 

 

 

 

$

10,000 

 

5/30/2013

 

3.60% 

 

0.09% 

 

$

59 

$

10,000 

 

5/30/2015

 

3.87% 

 

0.09% 

 

$

379 

 

Schedule of Fair Value of Derivative Instruments in the Consolidated Balance Sheets [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value of Derivative Instruments

(Dollars in thousands)

 

 

 

Balance Sheet

 

 

 

Date

 

Type

 

Location

 

Fair Value

March 31, 2013

 

Interest rate contracts

 

Other liabilities

 

$

922 

December 31, 2012

 

Interest rate contracts

 

Other liabilities

 

$

1,103 

 

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives in ASC Topic 815 Cash Flow Hedging Relationships

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

Amount of Gain

 

 

 

 

 

 

 

 

 

Location of

 

or (Loss)

 

 

 

 

 

 

 

 

 

Gain or (Loss)

 

Recognized in

 

 

 

 

 

 

 

 

 

Recognized in

 

Income on

 

 

 

 

Location of

 

Amount of Gain

 

Income on

 

Derivatives

 

Amount of Gain

 

Gain or (Loss)

 

or (Loss)

 

Derivative (Ineffective

 

(Ineffective Portion

 

or (Loss)

 

Reclassified from

 

Reclassified from

 

Portion and Amount

 

and Amount

 

Recognized in OCI

 

Accumulated OCI

 

Accumulated OCI

 

Excluded from

 

Excluded from

 

net of tax on Derivative

 

into Income

 

into Income

 

Effectiveness

 

Effectiveness

Date / Type

(Effective Portion)

 

(Effective Portion)

 

(Effective Portion)

 

Testing)

 

Testing)

Interest rate contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2013

$

120 

 

Interest Expense

 

$

(180)

 

Other income (expense)

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2012

$

139 

 

Interest Expense

 

$

(181)

 

Other income (expense)

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule Of Derivative Instruments Subject To Master Netting Arrangement Or Repurchase Agreement [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Amounts

 

 

Gross Amounts Not Offset in the

 

 

Gross

 

 

Gross Amounts

 

 

of Liabilities

 

 

Statements of Condition

 

 

Amounts of

 

 

Offset in the

 

 

Presented in the

 

 

 

 

 

 

 

 

 

 

 

Recognized

 

 

Statements of

 

 

Statements of

 

 

Financial

 

 

Cash Collateral

 

 

Net 

(Dollars in thousands)

 

Liabilities

 

 

Condition

 

 

Condition

 

 

Instruments

 

 

Pledged

 

 

Amount

Interest Rate Swap Agreements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2013

$

922 

 

$

 -

 

$

922 

 

$

922 

 

$

 -

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

$

1,103 

 

$

 -

 

$

1,103 

 

$

1,103 

 

$

 -

 

$

 -