Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative financial instruments on consolidated balance sheet

Derivatives designated as hedging instruments

		December 31,
Interest Rate Products	Balance Sheet Location	2019		2018
Fair value hedge of brokered CDs	Derivative liabilities	$	880	$	1,682
		$	880	$	1,682

Derivatives not designated as hedging instruments

		December 31,
Interest Rate Products	Balance Sheet Location	2019		2018
Customer derivative positions	Derivative assets	$	27,277	$	5,216
Dealer offsets to customer derivative positions	Derivative assets	394		7,620
Mortgage banking - loan commitment	Derivative assets	1,970		1,190
Mortgage banking - forward sales commitment	Derivative assets	98		28
Bifurcated embedded derivatives	Derivative assets	5,268		10,651
		$	35,007	$	24,705
Customer derivative positions	Derivative liabilities	$	446	$	9,661
Dealer offsets to customer derivative positions	Derivative liabilities	6,425		781
Risk participations	Derivative liabilities	12		8
Mortgage banking - forward sales commitment	Derivative liabilities	86		259
Dealer offsets to bifurcated embedded derivatives	Derivative liabilities	7,667		13,339
De-designated hedges	Derivative liabilities	—		703
		$	14,636	$	24,751

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).

	Year Ended December 31,
	2019			2018								2017
	Interest expense - deposits			Interest expense - deposits			Interest revenue - taxable investment securities		Other noninterest income			Interest expense - deposits			Interest revenue - taxable investment securities
Total amounts presented in the consolidated statements of income	$	66,856		$	39,543		$	73,496	$	24,142		$	17,062		$	70,172
Gains (losses) on fair value hedging relationships:
Interest rate contracts:
Amounts related to interest settlements on derivatives	(327		)	(245		)	17		—			160			(302		)
Recognized on derivatives	733			(220		)	—		356			(657		)	72
Recognized on hedged items	(766		)	(145		)	—		(447		)	371			(265		)
Net income (expense) recognized on fair value hedges	$	(360	)	$	(610	)	$	17	$	(91	)	$	(126	)	$	(495	)

Schedule of carrying amount and cumulative fair value hedging adjustments on hedged liability

The table below presents the carrying amount of hedged fixed-rate brokered time deposits and cumulative fair value hedging adjustments included in the carrying amount of the hedged liability for the periods presented (in thousands).

	December 31,
	2019					2018
Balance Sheet Location	Carrying amount of Assets (Liabilities)			Hedge Accounting Basis Adjustment		Carrying amount of Assets (Liabilities)			Hedge Accounting Basis Adjustment
Deposits	$	(35,880	)	$	645	$	(35,776	)	$	1,838

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 for the periods indicated (in thousands). 

	Income Statement Location	Year Ended December 31,
		2019			2018		2017
Customer derivatives and dealer offsets	Other noninterest income	$	2,878		$	2,658	$	2,416
Bifurcated embedded derivatives and dealer offsets	Other noninterest income	212			307		429
Interest rate caps	Other noninterest income	—			501		252
De-designated hedges	Other noninterest income	(193		)	31		(62		)
Mortgage banking derivatives	Mortgage loan revenue	(1,797		)	904		(676		)
Risk participations	Other noninterest income	(3		)	12		5
Total gains and losses		$	1,097		$	4,413	$	2,364