Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 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	Sep 30, 2015		Dec 31, 2014		Balance Sheet Location	Sep 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		$88		$497
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Other assets	2,194		1,212		Other liabilities	—		20
Commitments to sell mortgage loans	Other assets	—		13		Other liabilities	3,014		2,028
Customer related derivative contracts:
Interest rate swaps with customers	Other assets	10,436		4,554		Other liabilities	—		23
Mirror swaps with counterparties	Other assets	—		28		Other liabilities	10,742		4,748
Risk participation agreements	Other assets	79		—		Other liabilities	32		—
Total			$12,709		$5,807			$13,876		$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				Nine months					Three months				Nine months
Periods ended September 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		$81		$93		$255		$248	Interest Expense		$—		$—		$—		$—
Total		$81		$93		$255		$248			$—		$—		$—		$—

(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						Nine months
Periods ended September 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		$864			$498			$1,002			$1,101
Commitments to sell mortgage loans	Net gains on loan sales & commissions on loans originated for others	(1,470		)	(672		)	(999		)	(1,737		)
Customer related derivative contracts:
Interest rate swaps with customers	Loan related derivative income	6,448			317			8,717			2,467
Mirror swaps with counterparties	Loan related derivative income	(6,081		)	22			(6,799		)	(1,905		)
Risk participation agreements	Loan related derivative income	(40		)	—			(229		)	—
Total			($279	)		$165			$1,692			($74	)