Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 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
December 31,	Balance Sheet Location	2016		2015		Balance Sheet Location	2016		2015
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate swaps	Other assets		$—		$—	Other liabilities		$378		$—
Interest rate caps	Other assets	134		187		Other liabilities	—		—
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Other assets	1,133		1,220		Other liabilities	88		—
Commitments to sell mortgage loans	Other assets	279		—		Other liabilities	1,349		2,012
Loan related derivative contracts:
Interest rate swaps with customers	Other assets	2,036		8,027		Other liabilities	—		—
Mirror swaps with counterparties	Other assets	—		—		Other liabilities	2,228		8,266
Risk participation agreements	Other assets	—		56		Other liabilities	—		69
Total			$3,582		$9,490			$4,043		$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 Corporations’ Consolidated Statements of Income and Changes in Shareholders’ Equity:

(Dollars in thousands)	Gain (Loss) Recognized in Other Comprehensive Income, Net of Tax (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,	2016			2015			2014			2016		2015		2014
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate swaps		($224	)		$288			$331	Interest Expense		$—		$—		$—
Interest rate caps	(33		)	(44		)	—		Interest Expense	—		—		—
Total		($257	)		$244			$331			$—		$—		$—

(Dollars in thousands)		Amount of Gain (Loss) Recognized in Income on Derivative
Years ended December 31,	Statement of Income Location	2016			2015			2014
Derivatives not Designated as Hedging Instruments:
Forward loan commitments:
Interest rate lock commitments	Mortgage banking revenues		($175	)		$28			$800
Commitments to sell mortgage loans	Mortgage banking revenues	942			3			(1,442		)
Loan related derivative contracts:
Interest rate swaps with customers	Loan related derivative income	(598		)	7,569			4,989
Mirror swaps with counterparties	Loan related derivative income	3,854			(4,904		)	(3,853		)
Risk participation agreements	Loan related derivative income	(13		)	(224		)	—
Total			$4,010			$2,472			$494