Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative financial instruments

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

		Fair Value
	Balance Sheet Location	September 30, 2013		December 31, 2012
Derivative assets:
Not designated as hedging instruments:
Interest rate contracts	Other Assets	$	1,488	$	3,083
Interest rate lock commitments	Other Assets	2,376		1,571
Totals		$	3,864	$	4,654
Derivative liabilities:
Designated as hedging instruments:
Interest rate swap	Other Liabilities	$	1,904	$	2,164
Totals		$	1,904	$	2,164
Not designated as hedging instruments:
Interest rate contracts	Other Liabilities	$	1,488	$	3,152
Forward commitments	Other Liabilities	1,392		198
Totals		$	2,880	$	3,350

Gains (losses) on derivative financial instruments included in the Consolidated Statements of Income

Gains (losses) included in the Consolidated Statements of Income related to the Company’s derivative financial instruments were as follows as of the periods presented:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013		2012
Derivatives designated as hedging instruments:
Interest rate swaps (terminated May 2010):
Included in interest income on loans	$	37		$	115		$	203	$	419
Total	$	37		$	115		$	203	$	419
Derivatives not designated as hedging instruments:
Interest rate contracts:
Included in interest income on loans	$	798		$	583		$	2,398	$	1,466
Included in other noninterest expense	2			(14		)	69		20
Interest rate lock commitments:
Included in gains on sales of mortgage loans held for sale	2,905			1,145			804		1,667
Forward commitments
Included in gains on sales of mortgage loans held for sale	(3,599		)	(2,684		)	1,276		(3,626		)
Total	$	106		$	(970	)	$	4,547	$	(473	)

Schedule of gross derivative positions as recognized in the balance sheet

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
	September 30, 2013		December 31, 2012		September 30, 2013		December 31, 2012
Gross amounts recognized	$	3,864	$	4,654	$	4,784	$	5,514
Gross amounts offset in the consolidated balance sheets	—		—		—		—
Net amounts presented in the consolidated balance sheets	3,864		4,654		4,784		5,514
Gross amounts not offset in the consolidated balance sheets
Financial instruments	584		—		584		—
Financial collateral pledged	—		—		2,183		4,950
Net amounts	$	3,280	$	4,654	$	2,017	$	564