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Derivative Instruments and Hedging Activities (Tables)
9 Months Ended
Sep. 30, 2015
Aggregate Contractual or Notional Amounts and Fair Value 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:

 

    September 30, 2015     December 31, 2014     September 30, 2014  
(Amounts in thousands)   Notional or Contractual
Amount
    Notional or Contractual
Amount
    Notional or Contractual
Amount
 

Derivatives designated as hedges:

     

Interest rate swaps

  $ 5,479      $ 4,363      $ 7,819   

Derivatives not designated as hedges:

     

IRLCs

    4,925        1,391        2,948   

Forward sale loan commitments

    5,448        3,183        4,094   
 

 

 

   

 

 

   

 

 

 

Total derivatives not designated as hedges

    10,373        4,574        7,042   
 

 

 

   

 

 

   

 

 

 

Total derivatives

  $ 15,852      $ 8,937      $ 14,861   
 

 

 

   

 

 

   

 

 

 
Fair Values of Company's Derivatives

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

 

     September 30, 2015      December 31, 2014      September 30, 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       $ —         $ 189   

Derivatives not designated as hedges:

                 

IRLCs

     27         —           5         —           —           7   

Forward sale loan commitments

     —           27         —           5         7         —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total derivities not designated as hedges

     27         27         5         5         7         7   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total derivaties

   $ 27       $ 345       $ 5       $ 214       $ 7       $ 196