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Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of amounts of non-hedging derivative financial instruments
The following table shows the amounts of non-hedging derivative financial instruments.
 
 
 
 
Asset derivatives
 
Liability derivatives
(Dollars in thousands)
 
Notional or contractual amount
 
Statement of Financial Condition classification
 
Fair value
 
Statement of Financial Condition classification
 
Fair value
June 30, 2016
 
 

 
 
 
 

 
 
 
 

Interest rate swap contracts
 
$
562,698

 
Other assets
 
$
17,012

 
Other liabilities
 
$
17,334

Loan commitments
 
13,349

 
Mortgages held for sale
 
168

 
N/A
 
—

Forward contracts - mortgage loan
 
25,078

 
N/A
 
—

 
Mortgages held for sale
 
307

Total
 
$
601,125

 
 
 
$
17,180

 
 
 
$
17,641

 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 

 
 
 
 

 
 
 
 

Interest rate swap contracts
 
$
554,083

 
Other assets
 
$
9,859

 
Other liabilities
 
$
10,044

Loan commitments
 
12,440

 
Mortgages held for sale
 
47

 
N/A
 
—

Forward contracts - mortgage loan
 
16,416

 
Mortgages held for sale
 
13

 
N/A
 
—

Total
 
$
582,939

 
 
 
$
9,919

 
 
 
$
10,044
Schedule of amounts included in the consolidated statements of income for non-hedging derivative financial instruments
The following table shows the amounts included in the Statements of Income for non-hedging derivative financial instruments.
 
 
 
 
Gain (loss)
 
 
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
(Dollars in thousands)
 
Statement of Income classification
 
2016
 
2015
 
2016
 
2015
Interest rate swap contracts
 
Other expense
 
$
(43
)
 
$
41

 
$
(136
)
 
$
22

Interest rate swap contracts
 
Other income
 
110

 
221

 
314

 
297

Loan commitments
 
Mortgage banking
 
73

 
(52
)
 
121

 
87

Forward contracts - mortgage loan
 
Mortgage banking
 
(175
)
 
372

 
(320
)
 
346

Total
 
 
 
$
(35
)
 
$
582

 
$
(21
)
 
$
752
Schedule of offsetting of financial assets and derivative assets
The following table shows the offsetting of financial assets and derivative assets.
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Statement of Financial Condition
 
 
(Dollars in thousands)
 
Gross Amounts of Recognized Assets
 
Gross Amounts Offset in the Statement of Financial Condition
 
Net Amounts of Assets Presented in the Statement of Financial Condition
 
Financial Instruments
 
Cash Collateral Received
 
Net Amount
June 30, 2016
 
 

 
 

 
 

 
 

 
 

 
 

Interest rate swaps
 
$
17,245

 
$
233

 
$
17,012

 
$
—

 
$
—

 
$
17,012

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 

 
 

 
 

 
 

 
 

 
 

Interest rate swaps
 
$
10,016

 
$
157

 
$
9,859

 
$
—

 
$
—

 
$
9,859
Schedule of offsetting of financial liabilities and derivative liabilities
The following table shows the offsetting of financial liabilities and derivative liabilities.
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Statement of Financial Condition
 
 
(Dollars in thousands)
 
Gross Amounts of Recognized Liabilities
 
Gross Amounts Offset in the Statement of Financial Condition
 
Net Amounts of Liabilities Presented in the Statement of Financial Condition
 
Financial Instruments
 
Cash Collateral Pledged
 
Net Amount
June 30, 2016
 
 

 
 

 
 

 
 

 
 

 
 

Interest rate swaps
 
$
17,567

 
$
233

 
$
17,334

 
$
—

 
$
17,334

 
$
—

Repurchase agreements
 
161,826

 
—

 
161,826

 
161,826

 
—

 
—

Total
 
$
179,393

 
$
233

 
$
179,160

 
$
161,826

 
$
17,334

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 

 
 

 
 

 
 

 
 

 
 

Interest rate swaps
 
$
10,201

 
$
157

 
$
10,044

 
$
—

 
$
9,833

 
$
211

Repurchase agreements
 
130,662

 
—

 
130,662

 
130,662

 
—

 
—

Total
 
$
140,863

 
$
157

 
$
140,706

 
$
130,662

 
$
9,833

 
$
211