Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES (Tables)

v3.7.0.1
DERIVATIVES (Tables)
 3 Months Ended
Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of the Derivatives
The following table summarizes key elements of the Company’s derivative instruments as of March 31, 2017 and December 31, 2016, segregated by derivatives that are considered accounting hedges and those that are not (dollars in thousands):
 
 
March 31, 2017
 
December 31, 2016
 
 

Derivative (2)
 
 
Derivative (2)
 
Notional or
Contractual
Amount (1)
 
Assets
 
Liabilities
 
 
Notional or
Contractual
Amount (1)
 
Assets
 
Liabilities
 
Derivatives designated as accounting hedges:
 

 
 

 
 

 
 
 

 
 

 
 

 
Interest rate contracts:
 

 
 

 
 

 
 
 

 
 

 
 

 
Cash flow hedges
$
188,500

 
$
167

 
$
9,354

 
 
$
188,500

 
$
211

 
$
9,619

 
Fair value hedges
78,701

 
1,549

 
138

 
 
65,920

 
1,437

 
296

 
Derivatives not designated as accounting hedges:
 

 
 

 
 

 
 
 

 
 

 
 

 
Loan Swaps 
 

 
 

 
 

 
 
 

 
 

 
 

 
Pay fixed - receive floating interest rate swaps
429,485

 
—

 
897

 
 
373,355

 
—

 
1,005

 
Pay floating - receive fixed interest rate swaps
429,485

 
897

 
—

 
 
373,355

 
1,005

 
—

 
Other contracts:
 

 
 

 
 

 
 
 

 
 

 
 

 
Interest rate lock commitments
67,825

 
1,251

 
—

 
 
48,743

 
610

 
—

 
Best efforts forward delivery commitments
87,283

 
—

 
111

 
 
85,400

 
1,469

 
—

 
 
(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.