Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2014

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,
	2014						2013
(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	$	4,363	$	—	$	209	$	3,453	$	43	$	—
Derivatives not designated as hedges:
IRLCs		1,391		5		—		3,677		—		41
Forward sale loan commitments		3,183		—		5		4,560		41		—

Total derivatives not designated as hedges		4,574		5		5		8,237		41		41

Total derivatives	$	8,937	$	5	$	214	$	11,690	$	84	$	41

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		2014		2013			2012
Derivatives designated as hedges:
Interest rate swaps		Other income	$	—	$	—		$	—
Derivatives not designated as hedges:
IRLCs		Other income		—		(169	)		—
Forward sale loan commitments		Other income		—		41			—

Total derivatives not designated as hedges				—		(128	)		—

Total derivatives			$	—	$	(128	)	$	—