Derivative Financial Instruments (Tables)
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3 Months Ended |
Mar. 31, 2016 |
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] |
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| Schedule of amounts of non-hedging derivative financial instruments |
The following table shows the amounts of non-hedging derivative financial instruments. | | | | | | | | | | | | | | | | | | | | | | Asset derivatives | | Liability derivatives | (Dollars in thousands) | | Notional or contractual amount | | Statement of Financial Condition classification | | Fair value | | Statement of Financial Condition classification | | Fair value | March 31, 2016 | | |
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| | | | |
| Interest rate swap contracts | | $ | 565,265 |
| | Other assets | | $ | 14,766 |
| | Other liabilities | | $ | 15,045 |
| Loan commitments | | 11,941 |
| | Mortgages held for sale | | 95 |
| | N/A | | — |
| Forward contracts - mortgage loan | | 17,450 |
| | N/A | | — |
| | Mortgages held for sale | | 132 |
| Total | | $ | 594,656 |
| | | | $ | 14,861 |
| | | | $ | 15,177 |
| | | | | | | | | | | | December 31, 2015 | | |
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| | | | |
| Interest rate swap contracts | | $ | 554,083 |
| | Other assets | | $ | 9,859 |
| | Other liabilities | | $ | 10,044 |
| Loan commitments | | 12,440 |
| | Mortgages held for sale | | 47 |
| | N/A | | — |
| Forward contracts - mortgage loan | | 16,416 |
| | Mortgages held for sale | | 13 |
| | N/A | | — |
| Total | | $ | 582,939 |
| | | | $ | 9,919 |
| | | | $ | 10,044 |
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| Schedule of amounts included in the consolidated statements of income for non-hedging derivative financial instruments |
The following table shows the amounts included in the Statements of Income for non-hedging derivative financial instruments. | | | | | | | | | | | | | | | | Gain (loss) | | | | | Three Months Ended
March 31, | (Dollars in thousands) | | Statement of Income classification | | 2016 | | 2015 | Interest rate swap contracts | | Other expense | | $ | (93 | ) | | $ | (19 | ) | Interest rate swap contracts | | Other income | | 204 |
| | 76 |
| Loan commitments | | Mortgage banking income | | 48 |
| | 139 |
| Forward contracts - mortgage loan | | Mortgage banking income | | (145 | ) | | (26 | ) | Total | | | | $ | 14 |
| | $ | 170 |
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| Schedule of offsetting of financial assets and derivative assets |
The following table shows the offsetting of financial assets and derivative assets. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross Amounts Not Offset in the Statement of Financial Condition | | | (Dollars in thousands) | | Gross Amounts of Recognized Assets | | Gross Amounts Offset in the Statement of Financial Condition | | Net Amounts of Assets Presented in the Statement of Financial Condition | | Financial Instruments | | Cash Collateral Received | | Net Amount | March 31, 2016 | | |
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| Interest rate swaps | | $ | 14,981 |
| | $ | 215 |
| | $ | 14,766 |
| | $ | — |
| | $ | — |
| | $ | 14,766 |
| | | | | | | | | | | | | | December 31, 2015 | | |
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| Interest rate swaps | | $ | 10,016 |
| | $ | 157 |
| | $ | 9,859 |
| | $ | — |
| | $ | — |
| | $ | 9,859 |
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| Schedule of offsetting of financial liabilities and derivative liabilities |
The following table shows the offsetting of financial liabilities and derivative liabilities. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross Amounts Not Offset in the Statement of Financial Condition | | | (Dollars in thousands) | | Gross Amounts of Recognized Liabilities | | Gross Amounts Offset in the Statement of Financial Condition | | Net Amounts of Liabilities Presented in the Statement of Financial Condition | | Financial Instruments | | Cash Collateral Pledged | | Net Amount | March 31, 2016 | | |
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| Interest rate swaps | | $ | 15,260 |
| | $ | 215 |
| | $ | 15,045 |
| | $ | — |
| | $ | 14,299 |
| | $ | 746 |
| Repurchase agreements | | 169,820 |
| | — |
| | 169,820 |
| | 169,820 |
| | — |
| | — |
| Total | | $ | 185,080 |
| | $ | 215 |
| | $ | 184,865 |
| | $ | 169,820 |
| | $ | 14,299 |
| | $ | 746 |
| | | | | | | | | | | | | | December 31, 2015 | | |
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| Interest rate swaps | | $ | 10,201 |
| | $ | 157 |
| | $ | 10,044 |
| | $ | — |
| | $ | 9,833 |
| | $ | 211 |
| Repurchase agreements | | 130,662 |
| | — |
| | 130,662 |
| | 130,662 |
| | — |
| | — |
| Total | | $ | 140,863 |
| | $ | 157 |
| | $ | 140,706 |
| | $ | 130,662 |
| | $ | 9,833 |
| | $ | 211 |
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