Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

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
	Balance Sheet Location	Jun 30, 2015		Dec 31, 2014		Balance Sheet Location	Jun 30, 2015		Dec 31, 2014
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate swap contracts	Other assets		$—		$—	Other liabilities		$226		$497
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Other assets	1,336		1,212		Other liabilities	5		20
Commitments to sell mortgage loans	Other assets	112		13		Other liabilities	1,657		2,028
Customer related derivative contracts:
Interest rate swaps with customers	Other assets	5,148		4,554		Other liabilities	51		23
Mirror swaps with counterparties	Other assets	145		28		Other liabilities	5,224		4,748
Risk participation agreements	Other assets	39		—		Other liabilities	21		—
Total			$6,780		$5,807			$7,184		$7,316

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:

(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				Six months					Three months				Six months
Periods ended June 30,	2015		2014		2015		2014			2015		2014		2015		2014
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate swap contracts		$89		$79		$174		$155	Interest Expense		$—		$—		$—		$—
Total		$89		$79		$174		$155			$—		$—		$—		$—

(Dollars in thousands)		Amount of Gain (Loss) Recognized in Income on Derivative						Amount of Gain (Loss) Recognized in Income on Derivative
	Statement of Income Location	Three months						Six months
Periods ended June 30,		2015			2014			2015			2014
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Net gains on loan sales & commissions on loans originated for others		($432	)		$326			$139			$603
Commitments to sell mortgage loans	Net gains on loan sales & commissions on loans originated for others	1,410			(753		)	470			(1,066		)
Customer related derivative contracts:
Interest rate swaps with customers	Net gains on interest rate swap contracts	(1,365		)	1,120			2,268			2,150
Mirror swaps with counterparties	Net gains on interest rate swap contracts	2,118			(1,157		)	(718		)	(1,927		)
Risk participation agreements	Net gains on interest rate swap contracts	(36		)	—			(188		)	—
Total			$1,695			($464	)		$1,971			($240	)