Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2017

Interest rate lock commitments and Forward sales commitments

Summary of fair values of derivative assets and liabilities recorded in consolidated balance sheet

The fair values of derivative assets and liabilities related to interest rate lock commitments and forward sales commitments recorded in the Consolidated Balance Sheets are summarized as follows (dollars in thousands):

	September 30, 2017		December 31, 2016
Fair value recorded in other assets	$	1,440	$	6,403
Fair value recorded in other liabilities	3,083		3,098

Summary of gross gains and losses on derivative assets and liabilities recorded in non-interest income and expense in consolidated statements of income

The gross gains and losses on derivative assets and liabilities related to interest rate lock commitments and forward sales commitments recorded in non-interest income and expense in the unaudited Consolidated Statements of Income for the three and nine months ended September 30, 2017 and 2016 are summarized as follows (dollars in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Gross gains	$	3,822		$	10,596		$	12,629		$	18,867
Gross (losses)	(3,083		)	(10,034		)	(11,102		)	(19,804		)
Net gains (losses)	$	739		$	562		$	1,527		$	(937	)

Interest rate swap

Summary of fair values of derivative assets and liabilities recorded in consolidated balance sheet

The fair values of  derivative assets and liabilities related to interest rate swaps recorded in the Consolidated Balance Sheets are summarized as follows (dollars in thousands):

	September 30, 2017
Fair value recorded in other assets	$	1,089
Fair value recorded in other liabilities	1,089

Summary of gross gains and losses on derivative assets and liabilities recorded in non-interest income and expense in consolidated statements of income

The gross gains and losses on derivative assets and liabilities related to interest rate swaps recorded in non-interest income and expense in the unaudited Consolidated Statements of Income for the three and nine months ended September 30, 2017 are summarized as follows (dollars in thousands):

	Three months ended			Nine months ended
	September 30, 2017			September 30, 2017
Gross gains	$	128		$	429
Gross losses	(128		)	(429		)
Net gains (losses)	$	—		$	—