Derivatives (Tables)

9 Months Ended

Sep. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative designated as a cash flow hedge

Information concerning the derivatives designated as a cash flow hedges at September 30, 2015 and December 31, 2014 is presented in the following tables:

	September 30, 2015
	Positions (#)	Notional Amount (in thousands)		Asset (in thousands)		Liability (in thousands)		Receive Rate		Pay Rate		Life (Years)
Pay fixed - receive floating interest rate swap	1	$	5,155	$	—	$	312	0.29	%	2.59	%	4.9
Pay fixed - receive floating interest rate swap	1	$	10,000	$	—	$	171	0.20	%	1.43	%	3.1

	December 31, 2014
	Positions (#)	Notional Amount (in thousands)		Asset (in thousands)		Liability (in thousands)		Receive Rate		Pay Rate		Life (Years)
Pay fixed - receive floating interest rate swap	1	$	5,155	$	—	$	213	0.23	%	2.59	%	5.8
Pay fixed - receive floating interest rate swap	1	$	10,000	$	—	$	74	0.16	%	1.43	%	4.0

Two-way client interest rate swaps not designated as either fair value or cash flow hedges

Information concerning two-way client interest rate swaps not designated as either fair value or cash flow hedges is presented in the following table:

	September 30, 2015
	Positions (#)	Notional Amount (in thousands)		Asset (in thousands)		Liability (in thousands)		Receive Rate		Pay Rate		Life (Years)
Pay fixed - receive floating interest rate swap	1	$	3,821	$	—	$	62	1 month LIBOR plus 200 BP		3.90	%	12.0
Pay fixed - receive floating interest rate swap	1	1,716		—		74		1 month LIBOR plus 180 BP		4.09	%	9.0
Pay floating - receive fixed interest rate swap	1	3,821		62		—		3.90	%	1 month LIBOR plus 200 BP		12.0
Pay floating - receive fixed interest rate swap	1	1,716		74		—		4.09	%	1 month LIBOR plus 180 BP		9.0
Total derivatives not designated		$	11,074	$	136	$	136

	December 31, 2014
	Positions (#)	Notional Amount (in thousands)		Asset (in thousands)		Liability (in thousands)		Receive Rate		Pay Rate		Life (Years)
Pay fixed - receive floating interest rate swap	1	$	4,002	$	—	$	19	1 month LIBOR plus 200 BP		3.90	%	12.9
Pay fixed - receive floating interest rate swap	1	1,747		—		31		1 month LIBOR plus 180 BP		4.09	%	9.9
Pay floating - receive fixed interest rate swap	1	4,002		19		—		3.90	%	1 month LIBOR plus 200 BP		12.9
Pay floating - receive fixed interest rate swap	1	1,747		31		—		4.09	%	1 month LIBOR plus 180 BP		9.9
Total derivatives not designated		$	11,498	$	50	$	50

Summary of interest rate cap agreement

The details of the interest rate cap agreement as of September 30, 2015 is summarized below:

September 30, 2015
(Dollars in thousands)
Notional Amount		Termination Date	3-Month LIBOR Strike Rate		Premium Paid		Unamortized Premium at September 30, 2015		Fair Value September 30, 2015		Cumulative Cash Flows Received
$	10,000	September 8, 2018	2.00	%	$	70	$	70	$	35	$	—