Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2016

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, 2016		Dec 31, 2015		Balance Sheet Location	Sep 30, 2016		Dec 31, 2015
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate caps	Other assets		$38		$187	Other liabilities		$—		$—
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Other assets	3,629		1,220		Other liabilities	22		—
Commitments to sell mortgage loans	Other assets	34		—		Other liabilities	4,891		2,012
Loan related derivative contracts:
Interest rate swaps with customers	Other assets	21,143		8,027		Other liabilities	—		—
Mirror swaps with counterparties	Other assets	—		—		Other liabilities	21,761		8,266
Risk participation agreements	Other assets	3		56		Other liabilities	126		69
Total			$24,847		$9,490			$26,800		$10,347

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,	2016			2015		2016			2015			2016		2015		2016		2015
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate swap contracts		$—			$81		$—			$255	Interest Expense		$—		$—		$—		$—
Interest rate caps	(4		)	—		(94		)	—		Interest Expense	—		—		—		—
Total		($4	)		$81		($94	)		$255			$—		$—		$—		$—

(Dollars in thousands)		Amount of Gain (Loss) Recognized in Income on Derivatives						Amount of Gain (Loss) Recognized in Income on Derivatives
		Three months						Nine months
Periods ended September 30,	Statement of Income Location	2016			2015			2016			2015
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Mortgage banking revenues		$641			$864			$2,387			$1,002
Commitments to sell mortgage loans	Mortgage banking revenues	(665		)	(1,470		)	(2,845		)	(999		)
Customer related derivative contracts:
Interest rate swaps with customers	Loan related derivative income	32			6,448			17,064			8,717
Mirror swaps with counterparties	Loan related derivative income	1,250			(6,081		)	(14,527		)	(6,799		)
Risk participation agreements	Loan related derivative income	(104		)	(40		)	(206		)	(229		)
Total			$1,154			($279	)		$1,873			$1,692