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Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 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:

		June 30, 2014				December 31, 2013				June 30, 2013
(Amounts in thousands)		Notional or Contractual Amount				Notional or Contractual Amount				Notional or Contractual Amount
Derivatives designated as hedges:
Interest rate swaps		$	7,920			$	3,453			$	—
Derivatives not designated as hedges:
IRLCs			2,664				3,677				9,072
Forward sale loan commitments			3,123				4,560				—
Total derivatives not designated as hedges			5,787				8,237				9,072
Total derivatives		$	13,707			$	11,690			$	9,072

Fair Values of Company's Derivatives

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

		June 30, 2014								December 31, 2013								June 30, 2013
(Amounts in thousands)		Derivative Assets				Derivative Liabilities				Derivative Assets				Derivative Liabilities				Derivative Assets				Derivative Liabilities
Derivatives designated as hedges:
Interest rate swaps		$	—			$	200			$	43			$	—			$	—			$	—
Derivatives not designated as hedges:
IRLCs			—				31				—				41				17				163
Forward sale loan commitments			31				—				41				—				—				—
Total derivatives not designated as hedges			31				31				41				41				17				163
Total derivatives		$	31			$	231			$	84			$	41			$	17			$	163

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:

		Income Statement Location		Three Months Ended June 30,								Six Months Ended June 30,
(Amounts in thousands)				2014				2013				2014				2013
Derivatives designated as hedges:
Interest rate swaps		Other income		$	—			$	—			$	—			$	—
Derivatives not designated as hedges:
IRLCs		Other income			—				(439	)			—				(435	)
Forward sale loan commitments		Other income			—				—				—				—
Total derivatives not designated as hedges					—				(439	)			—				(435	)
Total derivatives				$	—			$	(439	)		$	—			$	(435	)

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4A

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959



Reference 2: 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=35706170&loc=SL5624171-113959

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X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging 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 4B

-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624163-113959

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X

- Definition

Tabular disclosure of the notional amounts of outstanding derivative positions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 1A

-Subparagraph (d)

-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579245-113959

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