Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 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 Consolidated Balance Sheets:

(Dollars in thousands)	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
	Balance Sheet Location	Dec 31, 2018		Dec 31, 2017		Balance Sheet Location	Dec 31, 2018		Dec 31, 2017
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate caps	Other assets		$20		$25	Other liabilities		$—		$—
Interest rate swaps	Other assets	903		213		Other liabilities	—		14
Interest rate floors	Other assets	37		110		Other liabilities	—		—
Derivatives not Designated as Hedging Instruments:
Loan related derivative contracts:
Interest rate swaps with customers	Other assets	—		268		Other liabilities	2,379		1,295
Mirror swaps with counterparties	Other assets	2,200		1,152		Other liabilities	—		268
Risk participation agreements	Other assets	—		—		Other liabilities	—		—
Foreign exchange contracts	Other assets	—		—		Other liabilities	7		26
Forward loan commitments:
Interest rate lock commitments	Other assets	806		965		Other liabilities	—		20
Forward sale commitments	Other assets	—		26		Other liabilities	816		1,424
Total			$3,966		$2,759			$3,202		$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 Consolidated Statements of Changes in Shareholders’ Equity and Consolidated Statements of Income:

(Dollars in thousands)	Gain (Loss) Recognized in Other Comprehensive Income, Net of Tax (Effective Portion)
Years ended December 31,	2018		2017			2016
Derivatives Designated as Cash Flow Hedging Instruments:
Interest rate risk management contracts:
Interest rate caps		$30		($64	)		($33	)
Interest rate swaps	515		358			(224		)
Interest rate floors	74		(346		)	—
Total		$619		($52	)		($257	)

(Dollars in thousands)		Amount of Gain (Loss) Recognized in Income on Derivatives
Years ended December 31,	Statement of Income Location	2018			2017			2016
Derivatives not Designated as Hedging Instruments:
Loan related derivative contracts:
Interest rate swaps with customers	Loan related derivative income		($290	)		$2,243			($598	)
Mirror swaps with counterparties	Loan related derivative income	2,709			1,198			3,854
Risk participation agreements	Loan related derivative income	(27		)	(233		)	(13		)
Foreign exchange contracts	Loan related derivative income	69			6			—
Forward loan commitments:
Interest rate lock commitments	Mortgage banking revenues	(139		)	(100		)	(175		)
Forward sale commitments	Mortgage banking revenues	997			(328		)	942
Total			$3,319			$2,786			$4,010