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Derivatives (Tables)
12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Credit Value Adjustment Recorded Related to Notional Amount of Derivatives Outstanding
The following table depicts the credit value adjustment recorded related to the notional amount of derivatives outstanding as well as the notional amount of risk participation agreements participated to other banks at December 31:
 
2018
 
2017
 
(dollars in thousands)
Derivatives not Designated as Hedging Instruments
 
 
 
Credit value adjustment
$
(3
)
 
$
(791
)
Notional Amount:
 
 
 
Interest rate derivatives
411,645

 
401,304

Interest rate caps
36,111

 
46,444

Risk participation agreements
162,139

 
197,660

Sold credit protection on risk participation agreements
(59,315
)
 
(46,170
)
Interest rate options
9,900

 

Derivatives Designated as Hedging Instruments
 
 
 
Interest rate swaps:
 
 
 
Fair value adjustment
(133
)
 
459

Notional Amount
65,000

 
150,000

Interest rate forwards:
 
 
 
Fair value adjustment
(170
)
 
19

Notional Amount
15,000

 
17,000

Foreign exchange forwards:
 
 
 
Fair value adjustment
(6
)
 
(70
)
Notional Amount
1,927

 
10,077

Schedule of Change in Fair Value of Derivative Assets and Liabilities
The table below presents the amount representing the change in the fair value of derivative assets and derivative liabilities attributable to credit risk included in “Other income” on the Consolidated Statements of Income for the years ended December 31:
 
2018
 
2017
 
2016
 
(dollars in thousands)
Non-hedging interest rate derivatives:
 
 
 
 
 
Increase (decrease) in other income
$
787

 
$
(473
)
 
$
219

Decrease in other expense
(332
)
 

 

Hedging interest rate derivatives:
 
 
 
 
 
(Decrease) increase in interest income
(590
)
 
452

 
1,627

Increase in other income
10

 
119

 
70

Hedging interest rate forwards:
 
 
 
 
 
Decrease in other expense
(189
)
 
(19
)
 

Hedging interest rate derivatives:
 
 
 
 
 
Increase (decrease) in other expense
15

 
4

 
(5
)