Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 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
December 31,	Balance Sheet Location	2015		2014		Balance Sheet Location	2015		2014
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contract:
Interest rate swap contracts	Other assets		$—		$—	Other liabilities		$—		$497
Interest rate caps	Other assets	187		—		Other liabilities	—		—
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Other assets	1,220		1,212		Other liabilities	—		20
Commitments to sell mortgage loans	Other assets	—		13		Other liabilities	2,012		2,028
Loan related derivative contracts:
Interest rate swaps with customers	Other assets	8,027		4,554		Other liabilities	—		23
Mirror swaps with counterparties	Other assets	—		28		Other liabilities	8,266		4,748
Risk participation agreements	Other assets	56		—		Other liabilities	69		—
Total			$9,490		$5,807			$10,347		$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 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,	2015			2014		2013			2015		2014		2013
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate swap contracts		$288			$331		$388	Interest Expense		$—		$—		$—
Interest rate caps	(44		)	—		—		Interest Expense	—		—		—
Total		$244			$331		$388			$—		$—		$—

(Dollars in thousands)		Amount of Gain (Loss) Recognized in Income on Derivative
Years ended December 31,	Statement of Income Location	2015			2014			2013
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Mortgage banking revenues		$28			$800			($2,121	)
Commitments to sell mortgage loans	Mortgage banking revenues	3			(1,442		)	3,618
Loan related derivative contracts:
Interest rate swaps with customers	Loan related derivative income	7,569			4,989			396
Mirror swaps with counterparties	Loan related derivative income	(4,904		)	(3,853		)	555
Risk participation agreements	Loan related derivative income	(224		)	—			—
Total			$2,472			$494			$2,448