Annual report pursuant to Section 13 and 15(d)

DERIVATIVES (Tables)

v3.6.0.2
DERIVATIVES (Tables)
 12 Months Ended
Dec. 31, 2016
Summary of Derivative Instruments [Abstract]  
Summary of the Derivatives
The following table summarizes key elements of the Company’s derivative instruments as of December 31, 2016 and 2015, segregated by derivatives that are considered accounting hedges and those that are not (dollars in thousands):

 
December 31, 2016
 
December 31, 2015
 
 
Derivative (2)
 
 
 
Derivative (2)
 
 
Notional or
Contractual

Amount (1)
 
Assets
 
Liabilities
 
Collateral
Pledged (3)
 
Notional or
Contractual

Amount (1)
 
Assets
 
Liabilities
 
Collateral
Pledged (3)
Derivatives designated as accounting hedges:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Interest rate contracts:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Cash flow hedges
$
188,500

 
$
211

 
$
9,619

 
$
21,938

 
$
263,000

 
$
946

 
$
10,352

 
$
14,449

Fair value hedges
65,920

 
1,437

 
296

 
—

 
61,150

 
—

 
888

 
—

Derivatives not designated as accounting hedges:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loan Swaps
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Pay fixed-receive floating interest rate swaps
373,355

 
—

 
1,005

 
—

 
138,969

 
3,758

 
—

 
—

Pay floating-receive fixed interest rate swaps
373,355

 
1,005

 
—

 
16,033

 
138,969

 
—

 
3,758

 
5,983

Other contracts:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Interest rate lock commitments
48,743

 
610

 
—

 
—

 
50,369

 
701

 
—

 
—

Best efforts forward delivery commitments
85,400

 
1,469

 
—

 
—

 
84,050

 
370

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Notional amounts are not recorded on the balance sheet and are generally used only as a basis on which interest and other payments are determined.
(2) Balances represent fair value of derivative financial instruments.
(3) Collateral pledged is comprised of both cash and securities.