Derivatives and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2016

Derivatives and Hedging Activities [Abstract]

Schedule of derivative financial instruments on consolidated balance sheet

Derivatives designated as hedging instruments under ASC 815

		Fair Value
Interest Rate Products	Balance Sheet Location	June 30, 2016		December 31, 2015
Fair value hedge of brokered CD's	Derivative assets	$	182	$	-
Fair value hedge of corporate bonds	Derivative assets		-		31
		$	182	$	31
Fair value hedge of brokered CD's	Derivative liabilities	$	864	$	2,169
Fair value hedge of corporate bonds	Derivative liabilities		2,376		-
		$	3,240	$	2,169

Derivatives not designated as hedging instruments under ASC 815

		Fair Value
Interest Rate Products	Balance Sheet Location	June 30, 2016		December 31, 2015
Customer swap positions	Derivative assets	$	17,401	$	6,185
Dealer offsets to customer swap positions	Derivative assets		-		31
Mortgage banking - loan commitment	Derivative assets		188		188
Mortgage banking - forward sales commitment	Derivative assets		2		1
Bifurcated embedded derivatives	Derivative assets		2,469		9,230
Offsetting positions for de-designated cash flow hedges	Derivative assets		6,638		4,416
		$	26,698	$	20,051
Customer swap positions	Derivative liabilities	$	-	$	31
Dealer offsets to customer swap positions	Derivative liabilities		17,525		6,339
Mortgage banking - forward sales commitment	Derivative liabilities		-		22
Dealer offsets to bifurcated embedded derivatives	Derivative liabilities		7,531		15,794
De-designated cash flow hedges	Derivative liabilities		6,634		4,470
		$	31,690	$	26,656

Schedule of effect of cash flow hedging derivative financial instruments on other comprehensive income

	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)					Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)							Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
	2016		2015			Location	2016			2015			Location	2016		2015
Three Months Ended June 30,
Interest rate swaps	$	-	$	-		Interest expense	$	(460	)	$	(455	)	Interest expense	$	-	$	-
Six Months Ended June 30,
Interest rate swaps	$	-	$	(471	)	Interest expense	$	(960	)	$	(880	)	Interest expense	$	-	$	(7	)

Schedule of effect of fair value hedging derivative financial instruments on the consolidated statement of operations

	Location of Gain	Amount of Gain (Loss)						Amount of Gain (Loss)
	(Loss) Recognized	Recognized in Income						Recognized in Income
	in Income on	on Derivative						on Hedged Item
	Derivative	2016			2015			2016			2015
Three Months Ended June 30,
Fair value hedges of brokered CD's	Interest expense	$	720		$	(3,145	)	$	(413	)	$	3,287
Fair value hedges of corporate bonds	Interest revenue		(793	)		1,315			702			(1,250	)
		$	(73	)	$	(1,830	)	$	289		$	2,037
Six Months Ended June 30,
Fair value hedges of brokered CD's	Interest expense	$	3,271		$	(775	)	$	(2,213	)	$	882
Fair value hedges of corporate bonds	Interest revenue		(2,407	)		970			2,203			(907	)
		$	864		$	195		$	(10	)	$	(25	)