Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2015

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


	March 31, 2015		December 31, 2014		March 31, 2014
(Amounts in thousands)	Notional or Contractual Amount		Notional or Contractual Amount		Notional or Contractual Amount
Derivatives designated as hedges:
Interest rate swaps	$	5,604	$	4,363	$	7,872
Derivatives not designated as hedges:
IRLCs		4,777		1,391		2,039
Forward sale loan commitments		5,951		3,183		3,782

Total derivatives not designated as hedges		10,728		4,574		5,821

Total derivatives	$	16,332	$	8,937	$	13,693

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


	March 31, 2015				December 31, 2014				March 31, 2014
(Amounts in thousands)	Derivative Assets		Derivative Liabilities		Derivative Assets		Derivative Liabilities		Derivative Assets		Derivative Liabilities
Derivatives designated as hedges:
Interest rate swaps	$	—	$	318	$	—	$	209	$	—	$	59
Derivatives not designated as hedges:
IRLCs		21		—		5		—		—		7
Forward sale loan commitments		—		21		—		5		7		—

Total derivatives not designated as hedges		21		21		5		5		7		7

Total derivatives	$	21	$	339	$	5	$	214	$	7	$	66