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Interest Rate Swap Derivatives (Tables) | 6 Months Ended
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Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of derivative instruments | The table below identifies the balance sheet category and fair values of the Company’s designated cash flow hedge derivative instruments as of June 30, 2017 and December 31, 2016.
June 30, 2017 |  | Swap Number |  |  | Notional Amount |  |  | Fair Value |  |  | Balance Sheet Category |  | Receive Rate |  | Pay Rate |  |  | Maturity |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap |  |  | (1 | ) |  | $ | 75,000 |  |  | $ | 18 |  |  | Other Assets |  | 1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points |  |  | 1.71 | % |  |  | March 31, 2020 |
Interest rate swap |  |  | (2 | ) |  |  | 100,000 |  |  |  | (138 | ) |  | Other Liabilities |  | Federal Funds Effective Rate +10 basis points |  |  | 1.74 | % |  |  | April 15, 2021 |
Interest rate swap |  |  | (3 | ) |  |  | 75,000 |  |  |  | 19 |  |  | Other Assets |  | 1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points |  |  | 1.92 | % |  |  | March 31, 2022 |
|  |  | Total |  |  | $ | 250,000 |  |  | $ | (101 | ) |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2016 |  | Swap Number |  |  | Notional Amount |  |  | Fair Value |  |  | Balance Sheet Category |  | Receive Rate |  | Pay Rate |  |  | Maturity |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap |  |  | (1 | ) |  | $ | 75,000 |  |  | $ | (197 | ) |  | Other Liabilities |  | 1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points |  |  | 1.71 | % |  |  | March 31, 2020 |
Interest rate swap |  |  | (2 | ) |  |  | 100,000 |  |  |  | (514 | ) |  | Other Liabilities |  | Federal Funds Effective Rate +10 basis points |  |  | 1.74 | % |  |  | April 15, 2021 |
Interest rate swap |  |  | (3 | ) |  |  | 75,000 |  |  |  | 19 |  |  | Other Assets |  | 1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points |  |  | 1.92 | % |  |  | March 31, 2022 |
|  |  | Total |  |  | $ | 250,000 |  |  | $ | (692 | ) |  |  |  |  |  |  |  |  |  |  |  |
Schedule of pretax net gain (loss) of derivative instruments | The table below presents the pre-tax net gains (losses) of the Company’s cash flow hedges for the six months ended June 30, 2017 and for the year ended December 31, 2016.
|  |  |  |  | Six Months Ended June 30, 2017 |
|  |  |  |  | Effective Portion |  |  | Ineffective Portion |
|  |  |  |  | Amount of |  |  | Reclassified from AOCI into income |  |  | Recognized in Income on Derivatives |
|  | Swap Number |  |  | Pre-tax gain (loss) Recognized in OCI |  |  | Category |  | Amount of Gain (Loss) |  |  | Category |  | Amount of Gain (Loss) |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap |  |  | (1 | ) |  | $ | 18 |  |  | Interest Expense |  | $ | (112 | ) |  | Other Expense |  | $ | — |
Interest rate swap |  |  | (2 | ) |  |  | (138 | ) |  | Interest Expense |  |  | (172 | ) |  | Other Expense |  |  | — |
Interest rate swap |  |  | (3 | ) |  |  | 19 |  |  | Interest Expense |  |  | (152 | ) |  | Other Expense |  |  | — |
|  |  | Total |  |  | $ | (101 | ) |  |  |  | $ | (436 | ) |  |  |  | $ | — |
|  |  |  |  | Year Ended December 31, 2016 |
|  |  |  |  | Effective Portion |  |  | Ineffective Portion |
|  |  |  |  | Amount of |  |  | Reclassified from AOCI into income |  |  | Recognized in Income on Derivatives |
|  | Swap Number |  |  | Pre-tax gain (loss) Recognized in OCI |  |  | Category |  | Amount of Gain (Loss) |  |  | Category |  | Amount of Gain (Loss) |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap |  |  | (1 | ) |  | $ | (197 | ) |  | Interest Expense |  | $ | (628 | ) |  | Other Expense |  | $ | — |
Interest rate swap |  |  | (2 | ) |  |  | (514 | ) |  | Interest Expense |  |  | (880 | ) |  | Other Expense |  |  | — |
Interest rate swap |  |  | (3 | ) |  |  | 19 |  |  | Interest Expense |  |  | (747 | ) |  | Other Expense |  |  | 1 |
|  |  | Total |  |  | $ | (692 | ) |  |  |  | $ | (2,255 | ) |  |  |  | $
Schedule of offsetting liabilities of derivatives | The Company generally offsets such financial instruments for financial reporting purposes.
Six Months Ended June 30, 2017
Offsetting of Derivative Liabilities (dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Balance Sheet |
|  |  | Gross Amounts of Recognized Liabilities |  |  |  | Gross Amounts Offset in the Balance Sheet |  |  |  | Net Amounts of Liabilities presented in the Balance Sheet |  |  |  | Financial Instruments |  |  |  | Cash Collateral Posted |  |  |  | Net Amount |
Counterparty 1 |  | $ | 138 |  |  | $ | (19 | ) |  | $ | 119 |  |  | $ | — |  |  | $ | (1,360 | ) |  | $ | (1,241 | )
Counterparty 2 |  |  | (18 | ) |  |  | — |  |  |  | (18 | ) |  |  | — |  |  |  | (330 | ) |  |  | (348 | )
|  | $ | 120 |  |  | $ | (19 | ) |  | $ | 101 |  |  | $ | — |  |  | $ | (1,690 | ) |  | $ | (1,589 | )
Year Ended December 31, 2016
Offsetting of Derivative Liabilities (dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Balance Sheet |
|  |  | Gross Amounts of Recognized Liabilities |  |  |  | Gross Amounts Offset in the Balance Sheet |  |  |  | Net Amounts of Liabilities presented in the Balance Sheet |  |  |  | Financial Instruments |  |  |  | Cash Collateral Posted |  |  |  | Net Amount |
Counterparty 1 |  | $ | 514 |  |  | $ | (19 | ) |  | $ | 495 |  |  | $ | — |  |  | $ | (380 | ) |  | $ | 115 |
Counterparty 2 |  |  | 197 |  |  |  | — |  |  |  | 197 |  |  |  | — |  |  |  | (170 | ) |  |  | 27 |
|  | $ | 711 |  |  | $ | (19 | ) |  | $ | 692 |  |  | $ | — |  |  | $ | (550 | ) |  | $ | 142 |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41641-113959 Reference 2: 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=84234895&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41678-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41638-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959 Reference 7: 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=84234895&loc=SL5624171-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579240-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41620-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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