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Derivatives - (Tables)
3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

Information about the valuation methods used to measure fair value is provided in note 19.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset derivatives fair value

 

 

 

Liability derivatives fair value

 

 

Balance Sheet

 

March 31, 

 

December 31,

 

Balance Sheet

 

March 31, 

 

December 31,

 

 

location

    

2018

    

2017

    

location

    

2018

    

2017

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate products

 

Other assets

 

$

21,496

 

$

10,489

 

Other liabilities

 

$

121

 

$

1,167

Total derivatives designated as hedging instruments

 

 

 

$

21,496

 

$

10,489

 

 

 

$

121

 

$

1,167

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate products

 

Other assets

 

$

3,199

 

$

2,483

 

Other liabilities

 

$

3,179

 

$

2,584

Interest rate lock commitments

 

Other assets

 

 

1,219

 

 

128

 

Other liabilities

 

 

312

 

 

 —

Forward contracts

 

Other assets

 

 

97

 

 

 5

 

Other liabilities

 

 

289

 

 

 7

Total derivatives not designated as hedging instruments

 

 

 

$

4,515

 

$

2,616

 

 

 

$

3,780

 

$

2,591

 

Derivative Instruments, Gain (Loss)

The tables below present the effect of the Company’s derivative financial instruments in the consolidated statements of operations for the three months ended March 31, 2018 and 2017:

 

 

 

 

 

 

 

 

 

 

 

 

Location of gain (loss)

 

Amount of gain or (loss) recognized in income on derivatives

Derivatives in fair value

 

recognized in income on

 

For the three months ended March 31, 

hedging relationships

    

derivatives

    

2018

    

2017

Interest rate products

 

Interest and fees on loans

 

$

12,052

 

$

 —

Interest rate products

 

Other non-interest income

 

 

 —

 

 

1,064

Total

 

 

 

$

12,052

 

$

1,064

 

 

 

 

 

 

 

 

 

 

 

 

 

Location of gain (loss)

 

Amount of gain or (loss) recognized in income on hedged items

 

 

recognized in income on

 

For the three months ended March 31, 

Hedged items

    

hedged items

    

2018

    

2017

Interest rate products

 

Interest and fees on loans

 

$

(11,917)

 

$

 —

Interest rate products

 

Other non-interest income

 

 

 —

 

 

(1,241)

Total

 

 

 

$

(11,917)

 

$

(1,241)

 

 

 

 

 

 

 

 

 

 

 

 

 

Location of gain (loss)

 

Amount of gain or (loss) recognized in income on derivatives

Derivatives not designated

 

recognized in income on

 

For the three months ended March 31, 

as hedging instruments

    

derivatives

    

2018

    

2017

Interest rate products

 

Other non-interest expense

 

$

122

 

$

(32)

Interest rate lock commitments

 

Mortgage banking income

 

 

375

 

 

123

Forward contracts

 

Mortgage banking income

 

 

1,108

 

 

(193)

Total

 

 

 

$

1,605

 

$

(102)