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Derivatives (Tables)
12 Months Ended
Dec. 31, 2018
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:
 
 
December 31, 2018
 
 
 
Notional Amount

 
Asset

 
Liability

Not designated as hedging:
 
 
 
 
 
 
Interest rate contracts
 
$
295,333

 
$
6,679

 
$
6,679

Forward commitments
 
474,208

 

 
4,958

Interest rate-lock commitments
 
318,706

 
6,241

 

Futures contracts
 
166,000

 
649

 

Option contracts
 
3,800

 
26

 

Total
 
$
1,258,047

 
$
13,595

 
$
11,637


 
 
December 31, 2017
 
 
 
Notional Amount

 
Asset

 
Liability

Not designated as hedging:
 
 
 
 
 
 
Interest rate contracts
 
$
146,754

 
$
1,146

 
$
1,146

Forward commitments
 
870,574

 

 
553

Interest rate-lock commitments
 
504,156

 
6,768

 

Futures contracts
 
283,000

 
315

 

Options contracts
 
6,000

 
29

 

Total
 
$
1,810,484

 
$
8,258

 
$
1,699

 
 
 
December 31, 2018
 
 
 
Notional Amount

 
Asset

 
Liability

Designated as hedging:
 
 
 
 
 
 
Interest rate swaps
 
$
30,000

 
$
721

 
$

Total
 
$
30,000

 
$
721

 
$


 
 
December 31, 2017
 
 
 
Notional Amount

 
Asset

 
Liability

Designated as hedging:
 
 
 
 
 
 
Interest rate swaps
 
$
130,000

 
$
1,432

 

Total
 
$
130,000

 
$
1,432

 

Schedule of Gains (Losses) Included in the Consolidated Statements of Income Related to Derivative Financial Instruments
Gains (losses) included in the Consolidated Statements of Income related to the Company’s derivative financial instruments
were as follows:
 
 
Year Ended December 31,
 
 
 
2018

 
2017

 
2016

Not designated as hedging instruments (included in mortgage banking income):
 
 
 
 
 
 
Interest rate lock commitments
 
$
(527
)
 
$
340

 
$
835

Forward commitments
 
3,864

 
(11,987
)
 
10,497

Futures contracts
 
(2,981
)
 
315

 

Option contracts
 
(58
)
 
22

 

Total
 
$
298

 
$
(11,310
)
 
$
11,332

 
 
Year Ended December 31,
 
 
 
2018

 
2017

 
2016

Designated as hedging:
 
 

 
 

 
 
Amount of gain reclassified from other comprehensive
   income and recognized in interest expense on borrowings
 
$
128

 
$

 
$

Gain (loss) included in interest expense on borrowings
 
32

 
(168
)
 

Included in loss on sale of mortgage servicing rights
 

 

 
(5,569
)
Total
 
$
160

 
$
(168
)
 
$
(5,569
)
The following discloses the amount included in other comprehensive income (loss), net of tax, for derivative instruments designated as cash flow hedges for the periods presented: 
 
 
Year Ended December 31,
 
 
 
2018

 
2017

 
2016

Designated as hedging:
 
 
 
 
 
 
Amount of gain recognized in other comprehensive
   income, net of tax
 
$
1,039

 
$
685

 
$