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Derivative Financial Instruments (Notes)
 6 Months Ended
Jun. 30, 2016
Derivative Financial Instruments [Abstract]  
Derivative Instruments and Hedging Activities Disclosure [Text Block]
Derivative Financial Instruments

The Company offers a loan hedging program to certain loan customers.  Through this program, the Company originates a variable rate loan with the customer.  The Company and the customer will then enter into a fixed interest rate swap. Lastly, an identical offsetting swap is entered into by the Company with a correspondent bank. These “back-to-back” swap arrangements are intended to offset each other and allow the Company to book a variable rate loan, while providing the customer with a contract for fixed interest payments. In these arrangements, the Company’s net cash flow is equal to the interest income received from the variable rate loan originated with the customer. These customer swaps are not designated as hedging instruments and are recorded at fair value in other assets and other liabilities.  The changes in fair value are recognized in the income statement in other income and fees.

At June 30, 2016, the following interest rate swaps related to our loan hedging program were outstanding:

 
 
As of June 30, 2016
Interest rate swaps on loans with loan customers
 
 
Notional amount (in thousands)
 
$
152,505

Weighted average remaining term
 
7.5 years

Received fixed rate (weighted average)
 
4.37
%
Pay variable rate (weighted average)
 
2.87
%
Estimated fair value (in thousands)
 
$
9,092

Back to back interest rate swaps with correspondent banks
 
 
Notional amount (in thousands)
 
$
152,505

Weighted average remaining term
 
7.5 years

Received variable rate (weighted average)
 
2.87
%
Pay fixed rate (weighted average)
 
4.37
%
Estimated fair value (in thousands)
 
$
(9,092
)