Derivatives (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Contracts

The fair value of derivative contracts, computed in accordance with the Company’s netting policy, is set forth below (in thousands):

	September 30, 2017				December 31, 2016
Derivative contract	Assets		Liabilities		Assets		Liabilities
Forwards	$	6,436	$	594	$	17,859	$	36
Rate lock commitments		4,678		863		2,100		9,670
Foreign exchange swaps		3,129		1,740		2,946		977
Foreign exchange/commodities options		1,013		313		244		41
Interest rate swaps		245		—		202		—
Futures		67		442		—		512
Total	$	15,568	$	3,952	$	23,351	$	11,236

Summary of Gains and Losses on Derivative Contracts

The table below summarizes gains and losses on derivative contracts for the three and nine months ended September 30, 2017 and 2016 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
Derivative contract	2017		2016		2017		2016
Futures	$	2,091	$	2,356	$	5,790	$	6,824
Interest rate swaps		8		15		39		28
Foreign exchange swaps		142		306		1,111		563
Foreign exchange/commodities options		3,004		2,735		9,632		9,292
Equity options		—		722		—		4,551
Rate lock commitments and forwards		10,236		5,182		10,236		5,334
Gain	$	15,481	$	11,316	$	26,808	$	26,592