Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2016

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, 2016		December 31, 2015
Derivative assets:
Not designated as hedging instruments:
Interest rate contracts	Other Assets	$	4,784	$	2,544
Interest rate lock commitments	Other Assets	7,866		4,508
Forward commitments	Other Assets	12		446
Totals		$	12,662	$	7,498
Derivative liabilities:
Designated as hedging instruments:
Interest rate swaps	Other Liabilities	$	6,225	$	4,266
Totals		$	6,225	$	4,266
Not designated as hedging instruments:
Interest rate contracts	Other Liabilities	$	4,784	$	2,544
Interest rate lock commitments	Other Liabilities	—		—
Forward commitments	Other Liabilities	1,674		509
Totals		$	6,458	$	3,053

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,
	2016		2015			2016			2015
Derivatives not designated as hedging instruments:
Interest rate contracts:
Included in interest income on loans	$	660	$	576		$	1,786		$	1,677
Interest rate lock commitments:
Included in gains on sales of mortgage loans held for sale	2,297		2,326			3,359			3,783
Forward commitments
Included in gains on sales of mortgage loans held for sale	3,020		(2,999		)	(1,599		)	(1,288		)
Total	$	5,977	$	(97	)	$	3,546		$	4,172

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, 2016		December 31, 2015		September 30, 2016		December 31, 2015
Gross amounts recognized	$	12	$	446	$	12,004	$	6,454
Gross amounts offset in the Consolidated Balance Sheets	—		—		—		—
Net amounts presented in the Consolidated Balance Sheets	12		446		12,004		6,454
Gross amounts not offset in the Consolidated Balance Sheets
Financial instruments	12		282		12		282
Financial collateral pledged	—		—		10,922		6,020
Net amounts	$	—	$	164	$	1,070	$	152