Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 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	Sep 30, 2018		Dec 31, 2017		Balance Sheet Location	Sep 30, 2018		Dec 31, 2017
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate caps	Other assets		$83		$25	Other liabilities		$—		$—
Interest rate swaps	Other assets	1,947		213		Other liabilities	—		14
Interest rate floors	Other assets	14		110		Other liabilities	—		—
Derivatives not Designated as Hedging Instruments:
Loan related derivative contracts:
Interest rate swaps with customers	Other assets	33		268		Other liabilities	17,522		1,295
Mirror swaps with counterparties	Other assets	17,342		1,152		Other liabilities	33		268
Risk participation agreements	Other assets	—		—		Other liabilities	—		—
Foreign exchange contracts	Other assets	37		—		Other liabilities	—		26
Forward loan commitments:
Interest rate lock commitments	Other assets	618		965		Other liabilities	1		20
Forward sale commitments	Other assets	168		26		Other liabilities	266		1,424
Total			$20,242		$2,759			$17,822		$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						Nine Months
Periods ended September 30,	2018			2017			2018		2017
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate caps		$17			($7	)		$66		($64	)
Interest rate swaps	189			74			1,322		(26		)
Interest rate floors	(51		)	(80		)	21		(274		)
Total		$155			($13	)		$1,409		($364	)

(Dollars in thousands)		Amount of Gain (Loss) Recognized in Income on Derivatives
		Three Months						Nine Months
Periods ended September 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		($3,178	)		$1,917		(15,374		)	5,583
Mirror swaps with counterparties	Loan related derivative income	3,415			(505		)	16,384			(2,578		)
Risk participation agreements	Loan related derivative income	25			40			25			(261		)
Foreign exchange contracts	Loan related derivative income	16			—			52			—
Forward loan commitments:
Interest rate lock commitments	Mortgage banking revenues	(504		)	32				($327	)		$639
Forward sale commitments	Mortgage banking revenues	316			59			1,552			(1,321		)
Total			$90			$1,543			$2,312			$2,062