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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2016
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Summary Of Fair Value Of Derivative Instruments
The following table summarizes the fair value of derivative instruments at December 31, 2016 and December 31, 2015:
 
2016
 
2015
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
 
(dollars in thousands)
Derivatives not designated as hedging instruments under GAAP
 
 
 
 
 
 
 
        Interest rate swap contracts
Other Liabilities
 
$
—

 
Other Liabilities
 
$
149
Effect Of The Derivative Instrument On The Consolidated Balance Sheet, Consolidated Statements Of Income
The following tables present the effect of the derivative instrument on the Consolidated Statements of Income for December 31, 2016, 2015, and 2014:
 
 
  
 
Derivatives not designated as hedging instruments under GAAP

Location of Gain  (Loss)
Recognized in Income
 
Amount of Gain  (Loss)
Recognized in Income
 
2016
 
2015
 
2014
 
 
 
(dollars in thousands)
Interest rate swap contracts, net of tax
Other operating income
 
$
149

 
$
88

 
—


The balance of the interest rate swap liability was $237 thousand at the time of the redemption of the Company's trust preferred debt on July 29, 2015. The total amount recorded in accumulated other comprehensive income at that date was reclassified to earnings due to the derecognition of the cash flow hedge. Subsequent to the redemption of the debt and reclassification, the interest rate swap derivative was adjusted to its fair value resulting in a $149 thousand and $88 thousand gain recorded in Other operating income in the Consolidated Statements of Income for the twelve months ended December 31, 2016 and 2015, respectively.