Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative financial instruments on consolidated balance sheet

Derivatives designated as hedging instruments under ASC 815

		December 31,
Interest Rate Products	Balance Sheet Location	2018		2017
Fair value hedge of corporate bonds	Derivative assets	$	—	$	336
		$	—	$	336
Fair value hedge of brokered CDs	Derivative liabilities	$	1,682	$	2,053
		$	1,682	$	2,053

Derivatives not designated as hedging instruments under ASC 815

		December 31,
Interest Rate Products	Balance Sheet Location	2018		2017
Customer derivative positions	Derivative assets	$	5,216	$	2,659
Dealer offsets to customer derivative positions	Derivative assets	7,620		6,867
Mortgage banking - loan commitment	Derivative assets	1,190		1,150
Mortgage banking - forward sales commitment	Derivative assets	28		13
Bifurcated embedded derivatives	Derivative assets	10,651		11,057
Interest rate caps	Derivative assets	—		639
		$	24,705	$	22,385
Customer derivative positions	Derivative liabilities	$	9,661	$	7,032
Dealer offsets to customer derivative positions	Derivative liabilities	781		1,551
Risk participations	Derivative liabilities	8		20
Mortgage banking - forward sales commitment	Derivative liabilities	259		49
Dealer offsets to bifurcated embedded derivatives	Derivative liabilities	13,339		14,279
De-designated hedges	Derivative liabilities	703		392
		$	24,751	$	23,323

Schedule of effect of cash flow hedging on consolidated statements of income

The table below presents the effect of cash flow hedges on the consolidated statements of income (in thousands).

	Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)
Location	2018			2017			2016
Interest revenue	—			—			(7		)
Interest expense	(499		)	(891		)	(1,884		)
	$	(499	)	$	(891	)	$	(1,891	)

Schedule of effect of fair value hedging on consolidated statements of income

The table below presents the effect of derivatives in fair value hedging relationships on the consolidated statements of income (in thousands).

	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative								Amount of Gain (Loss) Recognized in Income on Hedged Item
		2018			2017			2016		2018			2017			2016
Fair value hedges of brokered CDs	Interest expense	$	(220	)	$	(657	)	$	1,972	$	(145	)	$	371		$	458
Fair value hedges of corporate bonds	Noninterest income	356			—			—		(447		)	—			—
Fair value hedges of corporate bonds	Interest revenue	—			72			234		—			(265		)	(376		)
		$	136		$	(585	)	$	2,206	$	(592	)	$	106		$	82

Schedule of gains and losses recognized in income on derivatives not designated as hedging instruments

The table below presents the gains and losses recognized in income on derivatives not designated as hedging instruments under ASC 815 for the periods indicated (in thousands). 

	Income Statement Location	Year Ended December 31,
		2018		2017			2016
Customer derivatives and dealer offsets	Other noninterest income	$	2,658	$	2,416		$	3,744
Bifurcated embedded derivatives and dealer offsets	Other noninterest income	307		429			297
Interest rate caps	Other noninterest income	501		252			—
De-designated hedges	Other noninterest income	31		(62		)	—
Mortgage banking derivatives	Mortgage loan revenue	904		(676		)	3,002
Risk participations	Other noninterest income	12		5			360
Total gains and losses		$	4,413	$	2,364		$	7,403