Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2016
Derivative Financial Instruments [Abstract]  
Impact of Derivative Financial Instruments



The table below discloses the impact of derivative financial instruments on the Corporation’s Consolidated Financial Statements for the nine and three- months ended September 30, 2016 and 2015.





 

 

 

 

 

 



 

 

 

 

 

 

Derivative in Cash Flow Hedging Relationships

 

 

 

 

(in thousands)

Amount of gain recognized in OCI on derivative (effective portion)

Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion) (a)

Amount of gain or (loss) recognized in income or derivative (ineffective portion and amount excluded from effectiveness testing) (b)

Interest rate contracts:

 

 

 

 

 

 

Nine months ended:

 

 

 

 

 

 

September 30, 2016

$

 (480)

$

 0 

$

 0 

September 30, 2015

 

 55 

 

 0 

 

 0 

Three months ended:

 

 

 

 

 

 

September 30, 2016

$

 157 

$

 0 

$

 0 

September 30, 2015

 

 20 

 

 0 

 

 0 



Notes:

(a) Reported as interest expense

(b) Reported as other income