Derivatives (Tables)

3 Months Ended

Mar. 31, 2020

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:

	March 31, 2020
	Notional Amount		Asset		Liability
Not designated as hedging:
Interest rate contracts	$	526,360	$	38,767	$	38,722
Forward commitments	1,171,167		—		23,363
Interest rate-lock commitments	1,084,533		27,514		—
Futures contracts	394,500		—		2,548
Total	$	3,176,560	$	66,281	$	64,633

	December 31, 2019
	Notional Amount		Asset		Liability
Not designated as hedging:
Interest rate contracts	$	440,556	$	14,929	$	14,929
Forward commitments	684,437		—		866
Interest rate-lock commitments	453,198		7,052		—
Futures contracts	389,000		—		1,623
Total	$	1,967,191	$	21,981	$	17,418

	March 31, 2020
	Notional Amount		Asset		Liability
Designated as hedging:
Interest rate swaps	$	30,000	$	—	$	2,063

	December 31, 2019
	Notional Amount		Asset		Liability
Designated as hedging:
Interest rate swaps	$	30,000	$	—	$	515

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:

	Three Months Ended March 31,
	2020			2019
Not designated as hedging instruments (included in mortgage banking income):
Interest rate lock commitments	$	20,462		$	1,880
Forward commitments	(26,457		)	(4,404		)
Futures contracts	10,911			1,871
Option contracts	—			13
Total	$	4,916		$	(640	)

	Three Months Ended March 31,
	2020			2019
Designated as hedging:
Amount of gain reclassified from other comprehensive income and recognized in interest expense on borrowings, net of taxes of $52 and $33	$	147		$	94
(Loss) gain included in interest expense on borrowings	(12		)	55
Total	$	135		$	149

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:

	Three Months Ended March 31,
	2020			2019
Designated as hedging:
Amount of (loss) gain recognized in other comprehensive    income, net of tax $403 and $116	$	(1,145	)	$	(331	)