Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2018

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, 2018		December 31, 2017
Derivative assets:
Designated as hedging instruments
Interest rate swap	Other Assets	$	772	$	—
Totals		$	772	$	—
Not designated as hedging instruments:
Interest rate contracts	Other Assets	$	4,370	$	3,171
Interest rate lock commitments	Other Assets	4,309		2,756
Forward commitments	Other Assets	1,665		50
Totals		$	10,344	$	5,977
Derivative liabilities:
Designated as hedging instruments:
Interest rate swaps	Other Liabilities	$	781	$	2,536
Totals		$	781	$	2,536
Not designated as hedging instruments:
Interest rate contracts	Other Liabilities	$	4,370	$	3,171
Interest rate lock commitments	Other Liabilities	83		4
Forward commitments	Other Liabilities	79		328
Totals		$	4,532	$	3,503

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,
	2018			2017			2018		2017
Derivatives not designated as hedging instruments:
Interest rate contracts:
Included in interest income on loans	$	1,042		$	1,652		$	3,066	$	3,021
Interest rate lock commitments:
Included in mortgage banking income	(1,737		)	(441		)	209		874
Forward commitments
Included in mortgage banking income	2,839			(486		)	1,915		(4,099		)
Total	$	2,144		$	725		$	5,190	$	(204	)

Gross and net derivative positions, including pledged collateral

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, 2018		December 31, 2017		September 30, 2018		December 31, 2017
Gross amounts recognized	$	6,168	$	717	$	1,334	$	5,303
Gross amounts offset in the Consolidated Balance Sheets	—		—		—		—
Net amounts presented in the Consolidated Balance Sheets	6,168		717		1,334		5,303
Gross amounts not offset in the Consolidated Balance Sheets
Financial instruments	553		717		553		717
Financial collateral pledged	—		—		781		4,357
Net amounts	$	5,615	$	—	$	—	$	229