Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018

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 Unaudited Consolidated Balance Sheets:

(Dollars in thousands)	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
	Balance Sheet Location	Mar 31, 2018		Dec 31, 2017		Balance Sheet Location	Mar 31, 2018		Dec 31, 2017
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate caps	Other assets		$67		$25	Other liabilities		$—		$—
Interest rate swaps	Other assets	1,313		213		Other liabilities	—		14
Interest rate floors	Other assets	90		110		Other liabilities	—		—
Derivatives not Designated as Hedging Instruments:
Loan related derivative contracts:
Interest rate swaps with customers	Other assets	137		268		Other liabilities	10,978		1,295
Mirror swaps with counterparties	Other assets	10,787		1,152		Other liabilities	137		268
Risk participation agreements	Other assets	—		—		Other liabilities	—		—
Foreign exchange contracts	Other assets	20		—		Other liabilities	—		26
Forward loan commitments:
Interest rate lock commitments	Other assets	931		965		Other liabilities	—		20
Forward sale commitments	Other assets	144		26		Other liabilities	453		1,424
Total			$13,489		$2,759			$11,568		$3,047

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 Unaudited Consolidated Statements of Changes in Shareholders’ Equity and Unaudited Consolidated Statements of Income:

(Dollars in thousands)	Gain (Loss) Recognized in Other Comprehensive Income, Net of Tax (Effective Portion)
Three months ended March 31,	2018		2017
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate caps		$38		($33	)
Interest rate swaps	839		131
Interest rate floors	12		—
Total		$889		$98

(Dollars in thousands)		Amount of Gain (Loss) Recognized in Income on Derivatives
Three months ended March 31,	Statement of Income Location	2018			2017
Derivatives not Designated as Hedging Instruments:
Loan related derivative contracts:
Interest rate swaps with customers	Loan related derivative income		($9,195	)		($255	)
Mirror swaps with counterparties	Loan related derivative income	9,324			478
Risk participation agreements	Loan related derivative income	—			(75		)
Foreign exchange contracts	Loan related derivative income	12			—
Forward loan commitments:
Interest rate lock commitments	Mortgage banking revenues	(14		)	617
Forward sale commitments	Mortgage banking revenues	1,318			(1,029		)
Total			$1,445			($264	)