Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 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	December 31,
	Location	2019		2018
Derivative assets:
Not designated as hedging instruments:
Interest rate contracts	Other Assets	$	3,880	$	2,779
Interest rate lock commitments	Other Assets	4,579		3,740
Forward commitments	Other Assets	39		—
Totals		$	8,498	$	6,519
Derivative liabilities:
Designated as hedging instruments:
Interest rate swap	Other Liabilities	$	5,021	$	2,046
Totals		$	5,021	$	2,046
Not designated as hedging instruments:
Interest rate contracts	Other Liabilities	$	3,880	$	2,779
Interest rate lock commitments	Other Liabilities	3		—
Forward commitments	Other Liabilities	1,096		3,563
Totals		$	4,979	$	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 dates presented:

	Year Ended December 31,
	2019		2018			2017
Derivatives not designated as hedging instruments:
Interest rate contracts:
Included in interest income on loans	$	3,672	$	4,137		$	3,981
Interest rate lock commitments:
Included in mortgage banking income	882		779			356
Forward commitments
Included in mortgage banking income	2,506		(3,069		)	(4,489		)
Total	$	7,060	$	1,847		$	(152	)

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 as of the dates presented:

	Offsetting Derivative Assets				Offsetting Derivative Liabilities
	December 31, 2019		December 31, 2018		December 31, 2019		December 31, 2018
Gross amounts recognized	$	61	$	1,620	$	9,974	$	6,768
Gross amounts offset in the consolidated balance sheets	—		—		—		—
Net amounts presented in the consolidated balance sheets	61		1,620		9,974		6,768
Gross amounts not offset in the consolidated balance sheets
Financial instruments	61		1,620		61		1,620
Financial collateral pledged	—		—		8,698		2,745
Net amounts	$	—	$	—	$	1,215	$	2,403