Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES (Tables)

v3.5.0.2
DERIVATIVES (Tables)
 9 Months Ended
Sep. 30, 2016
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 September 30, 2016 and December 31, 2015, segregated by derivatives that are considered accounting hedges and those that are not (dollars in thousands):
 
 
September 30, 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

 
$
343

 
$
16,087

 
$
22,071

 
$
263,000

 
$
946

 
$
10,352

 
$
14,449

Fair value hedges
43,455

 
—

 
3,529

 
—

 
61,150

 
—

 
888

 
—

Derivatives not designated as accounting hedges:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loan Swaps (4)
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Pay fixed - receive floating interest rate swaps
280,336

 
12,218

 
—

 
—

 
138,969

 
3,758

 
—

 
—

Pay floating - receive fixed interest rate swaps
280,336

 
—

 
12,218

 
16,141

 
138,969

 
—

 
3,758

 
5,983

Other contracts:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Interest rate lock commitments
76,070

 
1,422

 
—

 
—

 
50,369

 
701

 
—

 
—

 
(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.
(4) Prior period reflects reclassifications to conform to the current presentation.