Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019		December 31, 2018
Derivative assets:
Not designated as hedging instruments:
Interest rate contracts	Other Assets	$	5,055	$	2,779
Interest rate lock commitments	Other Assets	6,694		3,740
Forward commitments	Other Assets	580		—
Totals		$	12,329	$	6,519
Derivative liabilities:
Designated as hedging instruments:
Interest rate swaps	Other Liabilities	$	6,290	$	2,046
Totals		$	6,290	$	2,046
Not designated as hedging instruments:
Interest rate contracts	Other Liabilities	$	5,055	$	2,779
Interest rate lock commitments	Other Liabilities	14		—
Forward commitments	Other Liabilities	1,136		3,563
Totals		$	6,205	$	6,342

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,
	2019			2018			2019		2018
Derivatives not designated as hedging instruments:
Interest rate contracts:
Included in interest income on loans	$	950		$	1,042		$	2,985	$	3,066
Interest rate lock commitments:
Included in mortgage banking income	(444		)	(1,737		)	2,954		209
Forward commitments
Included in mortgage banking income	3,526			2,839			3,006		1,915
Total	$	4,032		$	2,144		$	8,945	$	5,190

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, 2019		December 31, 2018		September 30, 2019		December 31, 2018
Gross amounts recognized	$	589	$	1,620	$	12,471	$	6,768
Gross amounts offset in the Consolidated Balance Sheets	—		—		—		—
Net amounts presented in the Consolidated Balance Sheets	589		1,620		12,471		6,768
Gross amounts not offset in the Consolidated Balance Sheets
Financial instruments	589		1,620		589		1,620
Financial collateral pledged	—		—		11,061		2,745
Net amounts	$	—	$	—	$	821	$	2,403