Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

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	Mar 31, 2014		Dec 31, 2013		Balance Sheet Location	Mar 31, 2014		Dec 31, 2013
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate swap contracts	Other assets		$—		$—	Other liabilities		$895		$1,012
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Other assets	672		392		Other liabilities	3		—
Commitments to sell mortgage loans	Other assets	3		10		Other liabilities	889		583
Customer related derivative contracts:
Interest rate swaps with customers	Other assets	2,755		2,403		Other liabilities	200		297
Mirror swaps with counterparties	Other assets	220		330		Other liabilities	2,777		2,406
Total			$3,650		$3,135			$4,764		$4,298

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

The following tables present the effect of derivative instruments in the Corporation’s 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 (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Gain (Loss) Recognized in Income (Ineffective Portion)
Three months ended March 31,		2014		2013				2014		2013
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate swap contracts			$76		$120	Interest Expense			$—		$—
Total			$76		$120				$—		$—

(Dollars in thousands)		Amount of Gain (Loss) Recognized in Income
Three months ended March 31,	Statement of Income Location	2014			2013
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Net gains on loan sales & commissions on loans originated for others		$277			($918	)
Commitments to sell mortgage loans	Net gains on loan sales & commissions on loans originated for others	(313		)	1,971
Customer related derivative contracts:
Interest rate swaps with customers	Net gains (losses) on interest rate swaps	1,030			(4		)
Mirror swaps with counterparties	Net gains (losses) on interest rate swaps	(770		)	23
Total			$224			$1,072