Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 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:

(Dollars in thousands)	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
December 31,	Balance Sheet Location	2014		2013		Balance Sheet Location	2014		2013
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contract:
Interest rate swap contracts	Other assets		$—		$—	Other liabilities		$497		$1,012
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Other assets	1,212		392		Other liabilities	20		—
Commitments to sell mortgage loans	Other assets	13		10		Other liabilities	2,028		583
Customer related derivative contracts:
Interest rate swaps with customers	Other assets	4,554		2,403		Other liabilities	23		297
Mirror swaps with counterparties	Other assets	28		330		Other liabilities	4,748		2,406
Total			$5,807		$3,135			$7,316		$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 Corporations’ Consolidated Statements of Income and Changes in Shareholders’ Equity:

(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)
Years ended December 31,	2014		2013		2012			2014		2013		2012
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate swap contracts		$331		$388		$121	Interest Expense		$—		$—		$—
Total		$331		$388		$121			$—		$—		$—

(Dollars in thousands)		Amount of Gain (Loss) Recognized in Income on Derivative
Years ended December 31,	Statement of Income Location	2014			2013			2012
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Net gains on loan sales & commissions on loans originated for others		$800			($2,121	)		$649
Commitments to sell mortgage loans	Net gains on loan sales & commissions on loans originated for others	(1,442		)	3,618			(1,611		)
Customer related derivative contracts:
Interest rate swaps with customers	Net gains on interest rate swaps	4,989			396			1,147
Mirror swaps with counterparties	Net gains on interest rate swaps	(3,853		)	555			(892		)
Total			$494			$2,448			($707	)