Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivatives by Balance Sheet Location

The following table presents the fair values of derivative instruments in the Corporation’s Consolidated Balance Sheets as of the dates indicated.

(Dollars in thousands)	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
	Balance Sheet Location	Dec 31 2013		Dec 31 2012		Balance Sheet Location	Dec 31 2013		Dec 31 2012
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contract:
Interest rate swap contracts			$—		$—	Other liabilities		$1,012		$1,619
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Commitments to originate fixed rate mortgage loans to be sold	Other assets	392		2,513		Other liabilities	—		—
Commitments to sell fixed rate mortgage loans	Other assets	10		—		Other liabilities	583		4,191
Customer related derivative contracts:
Interest rate swaps with customers	Other assets	2,403		3,851			297		—
Mirror swaps with counterparties		330		—		Other liabilities	2,406		3,952
Total			$3,135		$6,364			$4,298		$9,762

Derivative Instruments Effect in Statements of Income and Changes in Shareholders' Equity

The following tables present the effect of derivative instruments in the Corporations’ Consolidated Statements of Income and Changes in Shareholders’ Equity for the periods indicated.

(Dollars in thousands)	Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)							Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
Years ended December 31,	2013		2012		2011				2013		2012		2011
Derivatives in Cash Flow Hedging Relationships:
Interest rate risk management contracts:
Interest rate swap contracts		$388		$121		($456	)	Interest Expense		$—		$—		$—
Total		$388		$121		($456	)			$—		$—		$—

(Dollars in thousands)		Amount of Gain (Loss) Recognized in Income on Derivative
Years ended December 31,	Statement of Income Location	2013			2012			2011
Derivatives not designated as hedging instruments:
Forward loan commitments:
Commitments to originate fixed rate mortgage loans to be sold	Net gains on loan sales & commissions on loans originated for others		($2,121	)		$649			$1,968
Commitments to sell fixed rate mortgage loans	Net gains on loan sales & commissions on loans originated for others	3,618			(1,611		)	(3,119		)
Customer related derivative contracts:
Interest rate swaps with customers	Net gains on interest rate swaps	396			1,147			2,658
Mirror swaps with counterparties	Net gains on interest rate swaps	555			(892		)	(2,652		)
Total			$2,448			($707	)		($1,145	)