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DERIVATIVES (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table presents information regarding our derivative financial instruments, at December 31:
2015
 
Number of Instruments
 
Notional Amount
 
Weighted Average Maturity
(in years)
 
Weighted Average Interest Rate Received
 
Weighted Average Contract Pay Rate
 
Fair Value Other Assets/ (Other Liabilities)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swap agreements on loans with commercial loan customers
 
1

 
$
1,934

 
5.9
 
4.33
%
 
3.02
%
 
$
15

Reverse interest rate swaps on loans with commercial loan customers
 
1

 
1,934

 
5.9
 
3.02
%
 
4.33
%
 
(16
)
Risk participation agreements
 
4

 
10,528

 
26.2
 
 
 
 
 
(47
)
Total
 
6

 
$
14,396

 
 
 
 
 
 
 
$
(48
)

2014
 
Number of Instruments
 
Notional Amount
 
Weighted Average Maturity
(in years)
 
Weighted Average Interest Rate Received
 
Weighted Average Contract Pay Rate
 
Fair Value Other Assets/ (Other Liabilities)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
 
Risk participation agreements
 
3

 
$
8,335

 
31.5
 
N/A
 
N/A
 
$
(18
)
Total
 
3

 
$
8,335

 
 
 
 
 
 
 
$
(18
)
Schedule of Derivatives Not Designated as Hedging Instruments, Statements of Income
Amounts included in the Consolidated Statements of Income related to derivatives not designated as hedging were as follows:

 
 
Years Ended December 31,
 
 
2015
 
2014
Derivatives not designated as hedging instruments
 
 
 
 
Interest rate swap agreements with commercial loan customers:
 
 
 
 
   Unrealized gain (loss) recognized in other non-interest income
 
$
15

 
$

 
 
 
 
 
Reverse interest rate swap agreements with commercial loan customers:
 
 
 
 
   Unrealized gain (loss) recognized in other non-interest income
 
(16
)
 

 
 
 
 
 
Risk participation agreements:
 
 
 
 
   Unrealized gain (loss) recognized in other non-interest income
 
(29
)
 
(18
)
 
 
 
 
 
Unrealized gain (loss) recognized in non-interest income
 
$
(30
)
 
$
(18
)