Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES (Tables)

v3.3.0.814
DERIVATIVES (Tables)
 9 Months Ended
Sep. 30, 2015
Cash Flow Hedging [Member]  
Derivative [Line Items]  
Summary of the Derivatives

 

Shown below is a summary of the derivatives designated as cash flow hedges at September 30, 2015 and December 31, 2014 (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notional

 

 

 

 

 

 

 

Receive

 

Pay

 

Weighted Average

 

   

Positions

 

Amount

 

Asset

 

Liability

 

Rate

 

Rate

 

Life (Years)

 

As of September 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pay fixed - receive floating interest rate swaps

7

 

$
208,000 

 

$

 -

 

$
11,911 

 
0.33% 

(1)
2.77% 

(1)
1.38 

(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receive fixed - pay floating interest rate swaps

4

 

$
55,000 

 

$
1,553 

 

$

 -

 
4.93% 

 
3.55% 

 
3.97 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Due to their deferred nature, the rates and the life exclude the four FHLB advance swaps.

 

 

 

 

Notional

 

 

 

 

 

 

 

Receive

 

Pay

 

Weighted Average

 

   

Positions

 

Amount

 

Asset

 

Liability

 

Rate

 

Rate

 

Life (Years)

 

As of December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pay fixed - receive floating interest rate swaps

7

 

$
208,000 

 

$

 -

 

$
8,433 

 
0.26% 

(1)
2.77% 

(1)
2.12 

(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receive fixed - pay floating interest rate swaps

4

 

$
55,000 

 

$
580 

 

$

 -

 
4.93% 

 
3.55% 

 
4.72 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Due to their deferred nature, the rates and the life exclude the four FHLB advance swaps.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Rate Swaps [Member]  
Derivative [Line Items]  
Summary of the Derivatives

 

 

Shown below is a summary regarding loan swap derivative activities at September 30, 2015 and December 31, 2014 (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notional

 

 

 

 

 

 

 

Receive

 

Pay

 

Weighted Average

   

Positions

 

Amount

 

Asset

 

Liability

 

Rate

 

Rate

 

Life (Years)

As of September 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receive fixed - pay floating interest rate swaps

35

 

$
141,055 

 

$
5,470 

 

$

 -

 
4.26% 

 
2.45% 

 
6.84 

Pay fixed - receive floating interest rate swaps

35

 

$
141,055 

 

$

 -

 

$
5,470 

 
2.45% 

 
4.26% 

 
6.84 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notional

 

 

 

 

 

 

 

Receive

 

Pay

 

Weighted Average

   

Positions

 

Amount

 

Asset

 

Liability

 

Rate

 

Rate

 

Life (Years)

As of December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receive fixed - pay floating interest rate swaps

30

 

$
122,793 

 

$
2,681 

 

$

 -

 
4.29% 

 
2.50% 

 
7.14 

Pay fixed - receive floating interest rate swaps

30

 

$
122,793 

 

$

 -

 

$
2,681 

 
2.50% 

 
4.29% 

 
7.14