Derivatives and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Financial Instruments

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Statements of Financial Condition at March 31, 2018 and December 31, 2017 (in thousands):

	At March 31, 2018
	Asset Derivatives			Liability Derivatives
	Consolidated Statements of Financial Condition	Fair Value		Consolidated Statements of Financial Condition	Fair Value
Derivatives not designated as a hedging instrument:
Interest rate products	Other assets	$	9,851	Other liabilities	9,560
Credit contracts	Other assets	—		Other liabilities	—
Total derivatives not designated as a hedging instrument		$	9,851		9,560
Derivatives designated as a a hedging instrument:
Interest rate products	Other assets	$	1,635	Other liabilities	—
Total derivatives designated as a hedging instrument		$	1,635		—

	At December 31, 2017
	Asset Derivatives			Liability Derivatives
	Consolidated Statements of Financial Condition	Fair Value		Consolidated Statements of Financial Condition	Fair Value
Derivatives not designated as a hedging instrument:
Interest rate products	Other assets	$	6,303	Other liabilities	6,315
Credit contracts	Other assets	1			—
Total derivatives not designated as a hedging instrument		$	6,304		6,315
Derivatives designated as a a hedging instrument:
Interest rate products	Other assets	$	915	Other liabilities	—
Total derivatives designated as a hedging instrument		$	915		—

Effect of the Derivative Financial Instruments on the Income Statement

The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income during the three months ended March 31, 2018 and 2017 (in thousands):

		Gain (loss) recognized in Income on derivatives for the three months ended
	Consolidated Statements of Income	March 31, 2018		March 31, 2017
Derivatives not designated as a hedging instrument:
Interest rate products	Other income (expense)	$	302	$	(226	)
Credit contracts	Other income (expense)	—		1
Total		$	302	$	(225	)
Derivatives designated as a hedging instrument:
Interest rate products	Interest expense	$	6	$	(57	)
Total		$	6	$	(57	)