Derivatives (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value Hedges Included in the Consolidated Balance Sheets

The following table presents the notional amount and fair value of the Company's derivative instruments held or issued in connection with customer initiated and mortgage banking activities:

	March 31, 2020				December 31, 2019
(Dollars in thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Included in other assets:
Customer-initiated and mortgage banking derivatives:
Customer-initiated derivatives	$	122,703	$	13,551	$	103,941	$	4,684
Forward contracts related to mortgage loans to be delivered for sale	2,000		5		6,018		34
Interest rate lock commitments	83,596		1,783		25,519		256
Total derivatives included in other assets	$	208,299	$	15,339	$	135,478	$	4,974
Included in other liabilities:
Customer-initiated and mortgage banking derivatives:
Customer-initiated derivatives	$	122,703	$	13,551	$	103,941	$	4,684
Forward contracts related to mortgage loans to be delivered for sale	74,686		1,566		20,633		33
Interest rate lock commitments	—		—		928		—
Total derivatives included in other liabilities	$	197,389	$	15,117	$	125,502	$	4,717

Gains (Losses) Related to Derivative Instruments

The following table presents the gains (losses) related to derivative instruments reflecting the changes in fair value:

		Three months ended March 31,
(Dollars in thousands)	Location of Gain (Loss)	2020			2019
Forward contracts related to mortgage loans to be delivered for sale	Mortgage banking activities	$	(1,958	)	$	(174	)
Interest rate lock commitments	Mortgage banking activities	1,527			122
Total loss recognized in income		$	(431	)	$	(52	)

Offsetting Assets

The table below presents information about the Company's financial instruments that are eligible for offset.

						Gross amounts not offset in the statements of financial position
(Dollars in thousands)	Gross amounts recognized		Gross amounts offset in the statements of financial condition	Net amounts presented in the statements of financial condition		Financial instruments	Collateral (received)/posted		Net amount
March 31, 2020
Offsetting derivative assets:
Customer initiated derivatives	$	13,551	—	$	13,551	—	—		$	13,551
Offsetting derivative liabilities:
Customer initiated derivatives	$	13,551	—	$	13,551	—	$	13,793	$	(242	)
December 31, 2019
Offsetting derivative assets:
Customer initiated derivatives	$	4,684	—	$	4,684	—	—		$	4,684
Offsetting derivative liabilities:
Customer initiated derivatives	$	4,684	—	$	4,684	—	$	4,375	$	309

Offsetting Liabilities

The table below presents information about the Company's financial instruments that are eligible for offset.

						Gross amounts not offset in the statements of financial position
(Dollars in thousands)	Gross amounts recognized		Gross amounts offset in the statements of financial condition	Net amounts presented in the statements of financial condition		Financial instruments	Collateral (received)/posted		Net amount
March 31, 2020
Offsetting derivative assets:
Customer initiated derivatives	$	13,551	—	$	13,551	—	—		$	13,551
Offsetting derivative liabilities:
Customer initiated derivatives	$	13,551	—	$	13,551	—	$	13,793	$	(242	)
December 31, 2019
Offsetting derivative assets:
Customer initiated derivatives	$	4,684	—	$	4,684	—	—		$	4,684
Offsetting derivative liabilities:
Customer initiated derivatives	$	4,684	—	$	4,684	—	$	4,375	$	309