Park Sterling Corp - 10-K filing on 2017-03-10

Note 16 - Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2016

		December 31, 2016						December 31, 2015
				Estimated Fair Value						Estimated Fair Value
		Notional						Notional
	Balance Sheet Location	Amount		Gain		Loss		Amount		Gain		Loss

Cash flow hedges:
Interest rate contracts:
Pay fixed swaps with counterparty	Other liabilities	$	25,000	$	-	$	427	$	70,000	$	-	$	3,788

Fair value hedges:
Interest rate contracts:
Pay fixed rate swaps with counterparty	Other liablities		25,151		-		155		23,118		-		344

Not designated as hedges:
Customer-related interest rate contracts:
Matched interest rate swaps with borrower	Other assets and other liabilities		203,758		2,283		2,247		97,571		3,174		-
Matched interest rate swaps with counterparty	Other liabilities		203,758		-		313		97,571		-		3,174
Matched foreign exchange contract with borrower	Other assets		1,857		7		-		662		19		-
Matched foreign exchange contract with counterparty	Other liabilities		1,857		-		7		662		-		19
			411,230		2,290		2,567		196,466		3,193		3,193

Total derivatives		$	461,381	$	2,290	$	3,149	$	289,584	$	3,193	$	7,325

	Effective Portion
	Pre-tax Gain (Loss)									Pre-tax Loss Reclassified
	Recognized in OCI								Location of Amounts Reclassified	from AOCI into Income
	2016		2015			2014			from AOCI into Income	2016		2015		2014

Cash flow hedges:
Interest rate contracts	$	2,894	$	(1,788	)	$	(3,381	)	Total interest expense	$	466	$	414	$	422

		Pre-tax Gain (Loss)
	Location of Amounts	Recognized in Income
	Recognized in Income	2016			2015			2014
Fair value hedges:
Interest rate contracts
Pay fixed rate swaps with counterparty	Total interest income	$	(307	)	$	(399	)	$	(261	)

Not designated as hedges:
Client-related interest rate contracts	Other income	$	(260	)	$	(134	)	$	(78	)
		$	(567	)	$	(533	)	$	(339	)