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Financial Instruments with Off-Balance Sheet Risk and Derivative Transactions (Tables)

9 Months Ended

Sep. 30, 2016

Financial Instruments with Off-Balance Sheet Risk and Derivative Transactions

Summary information about the interest rate swap designated as a cash flow hedge

Summary information about the interest rate swap designated as a cash flow hedge is as follows:

		As of
		September 30, 2016				December 31, 2015
Notional amount		$	25,774			$	25,774
Unrealized loss			(4,909)				(631)

Schedule of derivatives not designated as hedging instruments

					Asset Derivatives					Liability Derivatives
		Notional or
		Contractual			Balance Sheet					Balance Sheet
		Amount			Location		Fair Value			Location		Fair Value
Interest rate swap contracts		$	66,880		Other Assets		$	788		Other Liabilities		$	788
Commitments1			253,544		Other Assets			293		N/A			-
Forward contracts2			27,000		N/A			-		Other Liabilities			-
Total							$	1,081				$	788

1 Includes unused loan commitments and interest rate lock commitments.

2 Includes forward MBS contracts and forward loan contracts.

The following table presents derivatives not designated as hedging instruments as of December 31, 2015.

					Asset Derivatives					Liability Derivatives
		Notional or
		Contractual			Balance Sheet					Balance Sheet
		Amount			Location		Fair Value			Location		Fair Value
Interest rate swap contracts net of credit valuation		$	20,708		Other Assets		$	114		Other Liabilities		$	114
Commitments1			226,346		Other Assets			188		N/A			-
Forward contracts2			15,500		N/A			-		Other Liabilities			-
Total							$	302				$	114

1  Includes unused loan commitments and interest rate lock commitments.

2  Includes forward MBS contracts and forward loan contracts.

Schedule of financial instrument commitments

		September 30, 2016									December 31, 2015
		Fixed			Variable			Total			Fixed			Variable			Total
Letters of credit:
Borrower:
Financial standby		$	127		$	3,667		$	3,794		$	60		$	3,572		$	3,632
Commercial standby			-			126			126			-			47			47
Performance standby			83			8,679			8,762			66			7,350			7,416
			210			12,472			12,682			126			10,969			11,095
Non-borrower:
Performance standby			95			534			629			-			575			575
			95			534			629			-			575			575
Total letters of credit		$	305		$	13,006		$	13,311		$	126		$	11,544		$	11,670

X

- Definition

Tabular disclosure of the entity's contractual commitments due to letters of credit commitments that relate to properties held in other real estate owned.

+ References

No definition available.

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- References

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- Definition

Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

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- Definition

Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

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