Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2014

Aggregate Contractual or Notional Amounts of Derivative Financial Instruments

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


	March 31, 2014		December 31, 2013		March 31, 2013
(Amounts in thousands)	Notional or Contractual Amount		Notional or Contractual Amount		Notional or Contractual Amount
Derivatives designated as hedges:
Interest rate swaps	$	7,872	$	3,453	$	—
Derivatives not designated as hedges:
IRLCs		2,039		3,677		14,097
Forward sale loan commitments		3,782		4,560		—

Total derivatives not designated as hedges		5,821		8,237		14,097

Total derivatives	$	13,693	$	11,690	$	14,097

Fair Values of Company's Derivatives

The following table presents the fair values of the Company’s derivative instruments as of the dates indicated:


	March 31, 2014				December 31, 2013				March 31, 2013
(Amounts in thousands)	Derivative Assets		Derivative Liabilities		Derivative Assets		Derivative Liabilities		Derivative Assets		Derivative Liabilities
Derivatives designated as hedges:
Interest rate swaps	$	—	$	59	$	43	$	—	$	—	$	—
Derivatives not designated as hedges:
IRLCs		—		7		—		41		142		10
Forward sale loan commitments		7		—		41		—		—		—

Total derivities not designated as hedges		7		7		41		41		142		10

Total derivaties	$	7	$	66	$	84	$	41	$	142	$	10

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:


		Three Months Ended
		March 31,
(Amounts in thousands)	Income Statement Location	2014		2013
Derivatives designated as hedges:
Interest rate swaps	Other income	$	—	$	—
Derivatives not designated as hedges:
IRLCs	Other income		—		4
Forward sale loan commitments	Other income		—		—

Total derivatives not designated as hedges			—		4

Total derivatives		$	—	$	4