Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2013

Aggregate Contractual or Notional Amounts and Fair Value of Derivative Financial Instruments

The following table presents the aggregate contractual or notional amounts, as well as the fair values of the Company’s derivative instruments as of the dates indicated:


	December 31,
	2013						2012
(Amounts in thousands)	Notional or Contractual Amount		Derivative Assets		Derivative Liabilities		Notional or Contractual Amount		Derivative Assets		Derivative Liabilities
Derivatives designated as hedges:
Interest rate swaps	$	3,453	$	43	$	—	$	—	$	—	$	—
Derivatives not designated as hedges:
IRLCs		3,677		—		41		14,841		144		16
Forward sale loan commitments		4,560		41		—		—		—		—

Total derivatives not designated as hedges		8,237		41		41		14,841		144		16

Total derivatives	$	11,690	$	84	$	41	$	14,841	$	144	$	16

Effect of Derivative and Hedging Activity, on Statement of Income

The following table presents the effect of the Company’s derivative and hedging activity, if applicable, on the statement of income in the periods indicated:


		Year Ended December 31,
(Amounts in thousands)	Income Statement Location	2013			2012		2011
Derivatives designated as hedges:
Interest rate swaps	Other income	$	—		$	—	$	—
Derivatives not designated as hedges:
IRLCs	Other income		(169	)		—		160
Forward sale loan commitments	Other income		41			—		—

Total derivatives not designated as hedges			(128	)		—		160

Total derivatives		$	(128	)	$	—	$	160