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Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2012
Derivative Instruments [Abstract]  
Amounts and locations of activity related to the interest rate swaps designated as cash flow hedges within the Corporation's consolidated balance sheet and statement of income

The following tables provide information about the amounts and locations of activity related to the interest rate swaps designated as cash flow hedges within the Corporation’s consolidated balance sheet and statement of income as of June 30, 2012 and December 31, 2011 and for the three and six months ended June 30, 2012 and 2011 (in thousands):

 

                     
    Liability Derivative  
        Fair value  
     Balance Sheet Location   June 30,
2012
    December
31, 2011
 

As of June 30, 2012:

                   

Interest rate contracts

  Accrued interest and

other liabilities

  ($ 1,779   ($ 1,669

 

                                 

For the Three Months

Ended June 30, 2012

  (a)     (b)   (c)     (d)   (e)  

Interest rate contracts

  ($ 135   Interest expense – subordinated debentures   ($ 98   Other income     0  

 

                                 

For the Six Months

Ended June 30, 2012

  (a)     (b)   (c)     (d)   (e)  

Interest rate contracts

  ($ 72   Interest expense – subordinated debentures   ($ 192   Other income     0  

 

                                 

For the Three Months

Ended June 30, 2011

  (a)     (b)   (c)     (d)   (e)  

Interest rate contracts

  ($ 145   Interest expense – subordinated debentures   ($ 101   Other income   $ 0  

 

                                 

For the Six Months

Ended June 30, 2011

  (a)     (b)   (c)     (d)   (e)  

Interest rate contracts

  ($ 78   Interest expense – subordinated debentures   ($ 201   Other income   $ 0  

 

(a) Amount of Gain or (Loss) Recognized in Other Comprehensive Loss on Derivative (Effective Portion), net of tax
(b) Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)
(c) Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)
(d) Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
(e) Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)