Derivatives (Tables)

6 Months Ended

Jun. 30, 2016

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 June 30, 2016 and December 31, 2015 is presented in the following tables:

	June 30, 2016
	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	$	—	$	375	0.64	%	2.59	%	4.2
Pay fixed - receive floating interest rate swap	1	$	10,000	$	—	$	202	0.44	%	1.43	%	2.4

	December 31, 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	$	—	$	226	0.32	%	2.59	%	4.8
Pay fixed - receive floating interest rate swap	1	$	10,000	$	—	$	71	0.23	%	1.43	%	3.0

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:

	June 30, 2016
	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	$	3,635	$	—	$	178	1 month LIBOR plus 200 BP		3.90	%	11.3
Pay fixed - receive floating interest rate swap	1	1,685		—		144		1 month LIBOR plus 180 BP		4.09	%	8.3
Pay floating - receive fixed interest rate swap	1	3,635		178		—		3.90	%	1 month LIBOR plus 200 BP		11.3
Pay floating - receive fixed interest rate swap	1	1,685		144		—		4.09	%	1 month LIBOR plus 180 BP		8.3
Total derivatives not designated		$	10,640	$	322	$	322

	December 31, 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	$	3,760	$	—	$	21	1 month LIBOR plus 200 BP		3.90	%	11.9
Pay fixed - receive floating interest rate swap	1	1,706		—		52		1 month LIBOR plus 180 BP		4.09	%	8.9
Pay floating - receive fixed interest rate swap	1	3,760		21		—		3.90	%	1 month LIBOR plus 200 BP		11.9
Pay floating - receive fixed interest rate swap	1	1,706		52		—		4.09	%	1 month LIBOR plus 180 BP		8.9
Total derivatives not designated		$	10,932	$	73	$	73

Summary of interest rate cap agreement

The details of the interest rate cap agreement as of June 30, 2016 and December 31, 2015 are summarized below:

June 30, 2016
(Dollars in thousands)
Notional Amount		Termination Date	3-Month LIBOR Strike Rate		Premium Paid		Unamortized Premium at June 30, 2016		Fair Value June 30, 2016		Cumulative Cash Flows Received
$	10,000	September 8, 2018	2.00	%	$	70	$	70	$	3	$	—

December 31, 2015
(Dollars in thousands)
Notional Amount		Termination Date	3-Month LIBOR Strike Rate		Premium Paid		Unamortized Premium at December 31, 2015		Fair Value December 31, 2015		Cumulative Cash Flows Received
$	10,000	September 8, 2018	2.00	%	$	70	$	70	$	39	$	—