Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 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	December 31,
	Location	2015		2014
Derivative assets:
Not designated as hedging instruments:
Interest rate contracts	Other Assets	$	2,544	$	2,142
Interest rate lock commitments	Other Assets	4,508		1,584
Forward commitments	Other Assets	446		5
Totals		$	7,498	$	3,731
Derivative liabilities:
Designated as hedging instruments:
Interest rate swap	Other Liabilities	$	4,266	$	3,847
Totals		$	4,266	$	3,847
Not designated as hedging instruments:
Interest rate contracts	Other Liabilities	$	2,544	$	2,143
Forward commitments	Other Liabilities	509		303
Totals		$	3,053	$	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:

	Year Ended December 31,
	2015			2014			2013
Derivatives designated as cash flow hedging instruments:
Interest rate swap:
Included in interest income on loans	$	—		$	—		$	203
Total	$	—		$	—		$	203
Derivatives not designated as hedging instruments:
Interest rate contracts:
Included in interest income on loans	$	2,200		$	2,961		$	3,193
Included in other noninterest expense	—			—			69
Interest rate lock commitments:
Included in mortgage banking income	(530		)	1,171			(1,159		)
Forward commitments
Included in mortgage banking income	(1,917		)	(609		)	509
Total	$	(247	)	$	3,523		$	2,612

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

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
	December 31, 2015		December 31, 2014		December 31, 2015		December 31, 2014
Gross amounts recognized	$	446	$	5	$	6,454	$	5,182
Gross amounts offset in the consolidated balance sheets	—		—		—		—
Net amounts presented in the consolidated balance sheets	446		5		6,454		5,182
Gross amounts not offset in the consolidated balance sheets
Financial instruments	282		5		282		5
Financial collateral pledged	—		—		6,020		4,879
Net amounts	$	164	$	—	$	152	$	298