Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2014

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, 2014		December 31, 2013
Derivative assets:
Designated as hedging instruments
Interest rate swap	Other Assets	$	—	$	208
Totals		$	—	$	208
Not designated as hedging instruments:
Interest rate contracts	Other Assets	$	1,083	$	1,812
Interest rate lock commitments	Other Assets	1,630		464
Forward commitments	Other Assets	29		335
Totals		$	2,742	$	2,611
Derivative liabilities:
Designated as hedging instruments:
Interest rate swap	Other Liabilities	$	2,472	$	1,428
Totals		$	2,472	$	1,428
Not designated as hedging instruments:
Interest rate contracts	Other Liabilities	$	1,083	$	1,812
Interest rate lock commitments	Other Liabilities	—		52
Forward commitments	Other Liabilities	237		24
Totals		$	1,320	$	1,888

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,
	2014			2013			2014		2013
Derivatives designated as hedging instruments:
Interest rate swaps (terminated May 2010):
Included in interest income on loans	$	—		$	37		$	—	$	203
Total	$	—		$	37		$	—	$	203
Derivatives not designated as hedging instruments:
Interest rate contracts:
Included in interest income on loans	$	750		$	798		$	2,296	$	2,398
Included in other noninterest expense	—			2			—		69
Interest rate lock commitments:
Included in gains on sales of mortgage loans held for sale	(261		)	2,905			1,232		804
Forward commitments
Included in gains on sales of mortgage loans held for sale	460			(3,599		)	15		1,276
Total	$	949		$	106		$	3,543	$	4,547

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, 2014		December 31, 2013		September 30, 2014		December 31, 2013
Gross amounts recognized	$	2,742	$	2,818	$	3,792	$	3,315
Gross amounts offset in the consolidated balance sheets	—		—		—		—
Net amounts presented in the consolidated balance sheets	2,742		2,818		3,792		3,315
Gross amounts not offset in the consolidated balance sheets
Financial instruments	37		1,664		37		1,664
Financial collateral pledged	—		—		3,540		—
Net amounts	$	2,705	$	1,154	$	215	$	1,651