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Commitments And Contingencies (Tables)
 12 Months Ended
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
Summary of Contractual and Notional Amounts of Financial Instruments
The following is a summary of the contractual and notional amounts of the Company’s financial instruments:
 
December 31,
  
2015
 
2014
Lending-Related Instruments:
  

 
  

Loan origination commitments and unadvanced lines of credit:
  

 
  

Home equity
$
464,701

 
$
303,815

Commercial and commercial real estate
94,791

 
47,066

Residential
16,256

 
10,975

Letters of credit
4,468

 
3,103

Other commitments
433

 
1,305

Derivative Financial Instruments:
 
 
 
Customer interest rate swaps
285,888

 
58,234

Forward-starting interest rate swaps
50,000

 
—

Interest rate swaps
43,000

 
43,000
Summary of Contractual and Notional Amounts of Company's Financial Instruments
The details of its interest rate swap agreements are outlined in the table below:
 
 
 
 
 
 
 
 
 
 
December 31,
 
 
 
 
 
 
 
 
 
 
2015
 
2014
Notional
 Amount
 
Trade
 Date
 
Maturity Date
 
Variable Index
Received
 
Fixed Rate
Paid
 
Fair Value(1)
 
Fair Value(1)
$
10,000

 
3/18/2009
 
6/30/2021
 
3-Month USD LIBOR
 
5.09%
 
$
(1,038
)
 
$
(1,092
)
10,000

 
7/8/2009
 
6/30/2029
 
3-Month USD LIBOR
 
5.84%
 
(2,537
)
 
(2,511
)
10,000

 
5/6/2010
 
6/30/2030
 
3-Month USD LIBOR
 
5.71%
 
(2,477
)
 
(2,434
)
5,000

 
3/14/2011
 
3/30/2031
 
3-Month USD LIBOR
 
4.35%
 
(1,301
)
 
(1,279
)
8,000

 
5/4/2011
 
7/7/2031
 
3-Month USD LIBOR
 
4.14%
 
(1,876
)
 
(1,827
)
$
43,000

 
 
 
 
 
 
 
 
 
$
(9,229
)
 
$
(9,143
)

(1) Presented within accrued interest and other liabilities on the consolidated statements of condition.
The terms of the forward-starting interest rate swap agreements are as follows:
 
 
 
 
 
 
 
 
 
 
December 31, 2015
Notional
Amount
 
Trade
Date
 
Maturity Date
 
Variable Index
Received
 
Fixed Rate
Paid
 
Fair Value(1)
$
25,000

 
2/25/2015
 
2/25/2018
 
1-Month USD LIBOR
 
1.54%
 
$
(230
)
25,000

 
2/25/2015
 
2/25/2019
 
1-Month USD LIBOR
 
1.74%
 
(346
)
$
50,000

 
 
 
 
 
 
 
 
 
$
(576
)
(1) Presented within accrued interest and other liabilities on the consolidated statements of condition.
Schedule of Interest Rate Derivatives
The following table presents the total positions, notional and fair value of the Company's customer loans swaps with its commercial customers and the corresponding interest rate swap agreements with counterparty for the periods indicated:
 
 
December 31,
 
 
2015
 
2014
 
 
Number of Positions
 
Notional
 
Fair Value
 
Number of Positions
 
Notional
 
Fair Value
Receive fixed, pay variable(1)
 
28

 
$
142,944

 
$
3,166

 
10

 
$
29,117

 
$
1,140

Pay fixed, received variable(2)
 
28

 
142,944

 
(3,166
)
 
10

 
29,117

 
(1,140
)
(1) Presented within other assets on the consolidated statements of condition.
(2) Presented within accrued interest and other liabilities on the consolidated statements of condition.
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The table below presents the effect of the Company’s derivative financial instruments included in OCI and current earnings for the periods indicated:
 
 
For The Years Ended
December 31,
 
 
2015
 
2014
 
2013
Derivatives designated as cash flow hedges
 
 
 
 
 
 
(Loss) gain in OCI on derivatives (effective portion), net of tax
 
$
(431
)
 
$
(3,401
)
 
$
4,663

Loss reclassified from OCI into interest expense (effective portion), gross
 
$
1,695

 
$
1,714

 
$
1,611