Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2015

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	June 30, 2015		December 31, 2014
Derivative assets:
Not designated as hedging instruments:
Interest rate contracts	Other Assets	$	2,002	$	2,142
Interest rate lock commitments	Other Assets	3,191		1,584
Forward commitments	Other Assets	1,543		5
Totals		$	6,736	$	3,731
Derivative liabilities:
Designated as hedging instruments:
Interest rate swap	Other Liabilities	$	3,532	$	3,847
Totals		$	3,532	$	3,847
Not designated as hedging instruments:
Interest rate contracts	Other Liabilities	$	2,002	$	2,143
Interest rate lock commitments	Other Liabilities	150		—
Forward commitments	Other Liabilities	130		303
Totals		$	2,282	$	2,446

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						Six Months Ended
	June 30,						June 30,
	2015			2014			2015		2014
Derivatives not designated as hedging instruments:
Interest rate contracts:
Included in interest income on loans	$	544		$	767		$	1,101	$	1,546
Interest rate lock commitments:
Included in gains on sales of mortgage loans held for sale	(1,248		)	927			1,457		1,493
Forward commitments
Included in gains on sales of mortgage loans held for sale	2,286			(634		)	1,711		(445		)
Total	$	1,582		$	1,060		$	4,269	$	2,594

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
	June 30, 2015		December 31, 2014		June 30, 2015		December 31, 2014
Gross amounts recognized	$	1,543	$	5	$	4,548	$	5,182
Gross amounts offset in the consolidated balance sheets	—		—		—		—
Net amounts presented in the consolidated balance sheets	1,543		5		4,548		5,182
Gross amounts not offset in the consolidated balance sheets
Financial instruments	130		5		130		5
Financial collateral pledged	—		—		4,418		4,879
Net amounts	$	1,413	$	—	$	—	$	298