Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Summary of Derivative Instruments [Abstract]

The impact of derivative instruments on the consolidated balance sheets at December 31, 2016 and 2015 is presented below.



	Fair Value of Derivative Assets				Fair Value of Derivative Liabilities
		December 31,				December 31,
(in thousands)	Location on Consolidated Balance Sheet	2016		2015	Location on Consolidated Balance Sheet	2016	2015
Derivatives not designated as hedging instruments:
Interest rate contracts	Other assets	$	17,157	25,580	Other liabilities	17,531	26,030
Mortgage derivatives	Other assets	3,466		1,559	Other liabilities	—	—
Visa derivative		—		—	Other liabilities	5,768	1,415
Total derivatives not designated as hedging instruments		$	20,623	27,139		23,299	27,445

Effect of Fair Value Hedges on Consolidated Statements of Income

The pre-tax effect of fair value hedges on the consolidated statements of income for the years ended December 31, 2016, 2015 and 2014 is presented below.



	Derivative
	Location of Gain (Loss) Recognized in Income	Gain (Loss) Recognized in Income
		Twelve Months Ended December 31,
(in thousands)		2016		2015	2014
Derivatives not designated as hedging instruments
Interest rate contracts⁽¹⁾	Other Non- Interest Income	$	76	44	460
Mortgage derivatives⁽²⁾	Mortgage Banking Income	$	1,907	1,099	(1,062	)
Total		$	1,983	1,143	(602	)

⁽¹⁾ Gain (loss) represents net fair value adjustments (including credit related adjustments) for customer swaps and offsetting positions.

⁽²⁾ Gain (loss) represents net fair value adjustments recorded for interest rate lock commitments and commitments to sell mortgage loans to third-party investors.