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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2016
Aggregate Contractual or Notional Amounts and Fair Value of Derivative Financial Instruments

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

 

     March 31, 2016      December 31, 2015  
(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

   $ 5,429       $ —         $ 416       $ 5,335       $ —         $ 251   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total derivatives

   $ 5,429       $ —         $ 416       $ 5,335       $ —         $ 251   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Effect of Derivative and Hedging Activity, on Consolidated Statements of Income

The following table presents the effect of the Company’s derivative and hedging activity, if applicable, on the consolidated statements of income in the periods indicated:

 

     Three Months Ended March 31,      Income Statement Location
(Amounts in thousands)    2016      2015     

Derivatives designated as hedges

        

Interest rate swaps

   $ 28       $ 26       Interest and fees on loans
  

 

 

    

 

 

    

Total derivative expense

   $ 28       $ 26