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Derivatives and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Value of Derivative Assets and Liabilities

The Company’s derivative assets and derivative liabilities are located within Other assets and Other liabilities, respectively, on the Company’s Consolidated Balance Sheets. This table provides a summary of the fair value of the Company’s derivative assets and liabilities as of June 30, 2016 and December 31, 2015 (in thousands):

 

     Asset Derivatives      Liability Derivatives  
     June 30,
2016
     December 31,
2015
     June 30,
2016
     December 31,
2015
 

Fair Value

           

Interest Rate Products:

           

Derivatives not designated as hedging instruments

   $ 23,199       $ 11,700       $ 24,212       $ 11,921   

Derivatives designated as hedging instruments

     546         603         7,646         337   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 23,745       $ 12,303       $ 31,858       $ 12,258   
  

 

 

    

 

 

    

 

 

    

 

 

 
Summary of Amount of Gain or Loss Recognized in Other Non-Interest Expense in Consolidated Statements of Income Related to Derivative Assets and Liabilities

This table provides a summary of the amount of gain or loss recognized in other noninterest expense in the Consolidated Statements of Income related to the Company’s derivative assets and liabilities for the three and six months ended June 30, 2016 and June 30, 2015 (in thousands):

 

     Amount of Gain (Loss) Recognized  
     For the Three Months Ended     For the Six Months Ended  
     June 30, 2016     June 30, 2015     June 30, 2016     June 30, 2015  

Interest Rate Products

    

Derivatives not designated as hedging instruments

   $ (440   $ 20      $ (792   $ (86
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ (440   $ 20      $ (792   $ (86
  

 

 

   

 

 

   

 

 

   

 

 

 

Interest Rate Products

        

Derivatives designated as hedging instruments:

        

Fair value adjustments on derivatives

   $ (138   $ 121      $ (331   $ 6   

Fair value adjustments on hedged items

     137        (114     329        (4
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ (1   $ 7      $ (2   $ 2   
  

 

 

   

 

 

   

 

 

   

 

 

 
Summary of Amount of Gain or Loss Recognized in AOCI in Consolidated Statements of Comprehensive Income Related to Company's Derivative Assets and Liabilities

This table provides a summary of the amount of gain or loss recognized in AOCI in the Consolidated Statements of Comprehensive Income related to the Company’s derivative assets and liabilities as of June 30, 2016 and June 30, 2015 (in thousands):

 

     Amount of Loss Recognized in Other Comprehensive Income
on Derivatives (Effective Portion)
 
     For the Three Months Ended      For the Six Months Ended  

Derivatives in Cash Flow Hedging Relationships

   June 30, 2016     June 30, 2015      June 30, 2016     June 30, 2015  

Interest rate products

         

Derivatives designated as cash flow hedging instruments

   $ (2,894   $ —         $ (7,034   $ —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $ (2,894   $ —         $ (7,034   $ —