Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2018

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 unaudited Consolidated Balance Sheets are summarized as follows (dollars in thousands):

	September 30, 2018		December 31, 2017
Fair value recorded in other assets	$	322	$	675
Fair value recorded in other liabilities		561		2,148

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 these derivative assets and liabilities recorded in non-interest income and expense in the unaudited Consolidated Statements of Income for the three and nine months ended September 30, 2018 and 2017 are summarized as follows (dollars in thousands):  

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Gross gains	$	641	$	3,822	$	2,396	$	12,629
Gross (losses)		(561)		(3,083)		(2,669)		(11,102)
Net gains (losses)	$	80	$	739	$	(273)	$	1,527

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 unaudited Consolidated Balance Sheets are summarized as follows (dollars in thousands):  

		September 30, 2018		December 31, 2017
Fair value recorded in other assets	$	2,428	$	262
Fair value recorded in other liabilities		2,428		262

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, 2018 and 2017 are summarized as follows (dollars in thousands):

	Three Months Ended September 30, 2018				Nine Months Ended September 30,
	2018		2017		2018		2017
Gross gains	$	724	$	128	$	2,167	$	429
Gross losses		(724)		(128)		(2,167)		(429)
Net gains (losses)	$	—	$	—	$	—	$	—