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Derivatives (Tables)
9 Months Ended
Sep. 30, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Financial Instruments

The following table provides details on the Company’s derivative financial instruments as of the dates presented:

 

 

 

Balance Sheet

Classification

 

Fair Value

 

 

 

 

 

September 30,

 

 

December 31,

 

 

 

 

 

2016

 

 

2015

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

Not designated as hedging:

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

Other Assets

 

$

296

 

 

$

369

 

Forward commitments

 

Other Assets

 

 

 

 

 

61

 

Interest rate-lock commitments

 

Other Assets

 

 

16,515

 

 

 

5,593

 

Total

 

 

 

$

16,811

 

 

$

6,023

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

Not designated as hedging:

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

Other Liabilities

 

$

296

 

 

$

369

 

Forward commitments

 

Other Liabilities

 

 

4,511

 

 

 

 

Total

 

 

 

$

4,807

 

 

$

369

 

 

Schedule of Gains (Losses) Included in the Condensed Consolidated Statements of Income Related to Derivative Financial Instruments

Gains (losses) included in the Condensed Consolidated Statements of Income related to the Company’s derivative financial instruments were as follows:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate lock commitments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Included in mortgage banking income

 

$

(1,043

)

 

$

2,321

 

 

$

10,922

 

 

$

4,626

 

Forward commitments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Included in mortgage banking income

 

 

(4,404

)

 

 

(9,165

)

 

 

(21,149

)

 

 

(5,642

)

Total

 

$

(5,447

)

 

$

(6,844

)

 

$

(10,227

)

 

$

(1,016

)