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Derivative Financial Instruments and Hedging Activities (Tables) | 3 Months Ended
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Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | Information on our derivatives follows:
|  | Asset derivatives |  | Liability derivatives
(in thousands; 2015 unaudited) |  | March 31, 2015 |  | December 31, 2014 |  | March 31, 2015 |  | December 31, 2014
Fair value hedges: |  |  |  |  |  |  |  |
Interest rate contracts notional amount |  | $ | — |  |  | $ | 4,589 |  |  | $ | 30,992 |  |  | $ | 26,899 |
Interest rate contracts fair value 1 |  | $ | — |  |  | $ | 61 |  |  | $ | 2,481 |  |  | $ | 1,996 |
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance |
| Three months ended
(in thousands; unaudited) | March 31, 2015 |  |  | March 31, 2014
(Decrease) increase in value of designated interest rate swaps recognized in interest income | $ | (546 | ) |  |  | $ | 736 |
Payment on interest rate swaps recorded in interest income | (235 | ) |  |  | (253 | )
Increase (decrease) in value of hedged loans recognized in interest income | 571 |  |  |  | (531 | )
Decrease in value of yield maintenance agreement recognized against interest income | (14 | ) |  |  | (47 | )
Net loss on derivatives recognized against interest income 2 | $ | (224 | ) |  |  | $ | (95 | )
1 See Note 3 for valuation methodology. 2 Includes hedge ineffectiveness gain of $11 thousand and gain of $158 thousand for the quarters ended March 31, 2015 and March 31, 2014, respectively. Changes in value of swaps were included in the assessment of hedge effectiveness.
Offsetting Assets | Information on financial instruments that are eligible for offset in the consolidated statements of condition follows:
Offsetting of Financial Assets and Derivative Assets
(in thousands; 2015 unaudited) |  |  | Gross Amounts Not Offset in the Statements of Condition |
|  | Gross Amounts | Net Amounts |  |  |
| Gross Amounts | Offset in the | of Assets Presented |  |  |
| of Recognized | Statements of | in the Statements | Financial | Cash Collateral |
| Assets 1 | Condition | of Condition 1 | Instruments | Received | Net Amount
As of March 31, 2015 |  |  |  |  |  |
Derivatives by Counterparty |  |  |  |  |  |
Counterparty A | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Counterparty B | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
As of December 31, 2014 |  |  |  |  |  |
Derivatives by Counterparty |  |  |  |  |  |
Counterparty A | $ | 61 |  | $ | — |  | $ | 61 |  | $ | (61 | ) | $ | — |  | $ | — |
Counterparty B | — |  | — |  | — |  | — |  | — |  | — |
Total | $ | 61 |  | $ | — |  | $ | 61 |  | $ | (61 | ) | $ | — |  | $ | — |
1 Amounts exclude accrued interest totaling zero and $1 thousand at March 31, 2015 and December 31, 2014, respectively.
Offsetting Liabilities |
Offsetting of Financial Liabilities and Derivative Liabilities
(in thousands; 2015 unaudited) |  |  | Gross Amounts Not Offset in the Statements of Condition |
|  | Gross Amounts | Net Amounts of |  |  |
| Gross Amounts | Offset in the | Liabilities Presented |  |  |
| of Recognized | Statements of | in the Statements of | Financial | Cash Collateral |
| Liabilities 2 | Condition | Condition 2 | Instruments | Pledged | Net Amount
As of March 31, 2015 |  |  |  |  |  |
Derivatives by Counterparty |  |  |  |  |  |
Counterparty A | $ | 2,107 |  | $ | — |  | $ | 2,107 |  | $ | — |  | $ | (2,107 | ) | $ | — |
Counterparty B | 374 |  | — |  | 374 |  | — |  | (374 | ) | — |
Total | $ | 2,481 |  | $ | — |  | $ | 2,481 |  | $ | — |  | $ | (2,481 | ) | $ | — |
As of December 31, 2014 |  |  |  |  |  |
Derivatives by Counterparty |  |  |  |  |  |
Counterparty A | $ | 1,616 |  | $ | — |  | $ | 1,616 |  | $ | (61 | ) | $ | (1,360 | ) | $ | 195 |
Counterparty B | 380 |  | — |  | 380 |  | — |  | (380 | ) | — |
Total | $ | 1,996 |  | $ | — |  | $ | 1,996 |  | $ | (61 | ) | $ | (1,740 | ) | $ | 195 |
2 Amounts exclude accrued interest totaling $40 thousand and $39 thousand at March 31, 2015 and December 31, 2014, respectively.

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959 Reference 2: 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=56946850&loc=SL5624171-113959 + Details
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