Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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	Jun 30, 2018		Dec 31, 2017		Balance Sheet Location	Jun 30, 2018		Dec 31, 2017
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate caps	Other assets		$71		$25	Other liabilities		$—		$—
Interest rate swaps	Other assets	1,699		213		Other liabilities	—		14
Interest rate floors	Other assets	125		110		Other liabilities	—		—
Derivatives not Designated as Hedging Instruments:
Loan related derivative contracts:
Interest rate swaps with customers	Other assets	60		268		Other liabilities	14,229		1,295
Mirror swaps with counterparties	Other assets	14,037		1,152		Other liabilities	60		268
Risk participation agreements	Other assets	—		—		Other liabilities	—		—
Foreign exchange contracts	Other assets	—		—		Other liabilities	21		26
Forward loan commitments:
Interest rate lock commitments	Other assets	1,130		965		Other liabilities	9		20
Forward sale commitments	Other assets	14		26		Other liabilities	614		1,424
Total			$17,136		$2,759			$14,933		$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					Six Months
Periods ended June 30,	2018		2017			2018		2017
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate caps		$11		($22	)		$49		($56	)
Interest rate swaps	294		(232		)	1,133		(100		)
Interest rate floors	60		(194		)	72		(194		)
Total		$365		($448	)		$1,254		($350	)

(Dollars in thousands)		Amount of Gain (Loss) Recognized in Income on Derivatives
		Three Months						Six Months
Periods ended June 30,	Statement of Income Location	2018			2017			2018			2017
Derivatives not Designated as Hedging Instruments:
Loan related derivative contracts:
Interest rate swaps with customers	Loan related derivative income		($3,001	)		$3,921		(12,196		)	3,666
Mirror swaps with counterparties	Loan related derivative income	3,645			(2,551		)	12,969			(2,073		)
Risk participation agreements	Loan related derivative income	—			(226		)	—			(301		)
Foreign exchange contracts	Loan related derivative income	24			—			36			—
Forward loan commitments:
Interest rate lock commitments	Mortgage banking revenues	191			(11		)		$177			$607
Forward sale commitments	Mortgage banking revenues	(82		)	(350		)	1,236			(1,380		)
Total			$777			$783			$2,222			$519