Derivatives (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Financial Instruments

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

	June 30, 2020
	Notional Amount		Asset		Liability
Not designated as hedging:
Interest rate contracts	$	541,983	$	41,236	$	41,068
Forward commitments	1,142,224		—		6,786
Interest rate-lock commitments	1,205,932		37,055		—
Futures contracts	248,700		2,253		—
Total	$	3,138,839	$	80,544	$	47,854

	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

	June 30, 2020
	Notional Amount		Asset		Liability
Designated as hedging:
Interest rate swaps	$	30,000	$	—	$	2,215

	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 June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Not designated as hedging instruments (included in mortgage banking income):
Interest rate lock commitments	$	9,541	$	1,875	$	30,003	$	3,755
Forward commitments	(13,993)		(5,264)		(40,450)		(9,668)
Futures contracts	631		4,107		11,542		5,978
Option contracts	—		31		—		44
Total	$	(3,821)	$	749	$	1,095	$	109

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		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), $(42), $(104), and $(75)	$	148	$	119	$	295	$	213
(Loss) gain included in interest expense on borrowings	(62)		39		(74)		94
Total	$	86	$	158	$	221	$	307

The following discloses the amount included in other comprehensive income, net of tax, for derivative instruments designated as cash flow hedges for the periods presented: 

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Designated as hedging:
Amount of loss recognized in other comprehensive    income, net of taxes $40, $201, $443, and $317	$	(112)	$	(564)	$	(1,257)	$	(895)

Offsetting Assets

The following table presents the Company's gross derivative positions as recognized in the consolidated balance sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement:

	Offsetting Derivative Assets				Offsetting Derivative Liabilities
	June 30, 2020		December 31, 2019		June 30, 2020		December 31, 2019
Gross amounts recognized	$	4,562	$	331	$	41,059	$	14,682
Gross amounts offset in the consolidated balance sheets	—		—		—		—
Net amounts presented in the consolidated balance sheets	4,562		331		41,059		14,682
Gross amounts not offset in the consolidated balance sheets
Less: financial instruments	1,054		139		1,054		139
Less: financial collateral pledged	—		—		40,005		14,543
Net amounts	$	3,508	$	192	$	—	$	—

Offsetting Liabilities

The following table presents the Company's gross derivative positions as recognized in the consolidated balance sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement:

	Offsetting Derivative Assets				Offsetting Derivative Liabilities
	June 30, 2020		December 31, 2019		June 30, 2020		December 31, 2019
Gross amounts recognized	$	4,562	$	331	$	41,059	$	14,682
Gross amounts offset in the consolidated balance sheets	—		—		—		—
Net amounts presented in the consolidated balance sheets	4,562		331		41,059		14,682
Gross amounts not offset in the consolidated balance sheets
Less: financial instruments	1,054		139		1,054		139
Less: financial collateral pledged	—		—		40,005		14,543
Net amounts	$	3,508	$	192	$	—	$	—