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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2018
Summary of Derivative Instruments [Abstract]  
Impact of Derivatives on Balance Sheet
The impact of derivative instruments on the Consolidated Balance Sheets at June 30, 2018 and December 31, 2017 is presented below.
 
Fair Value of Derivative Assets
 
Fair Value of Derivative Liabilities

(in thousands)
Location on Consolidated Balance Sheets
 
June 30, 2018
 
December 31, 2017
 
Location on Consolidated Balance Sheets
 
June 30, 2018
 
December 31, 2017
Derivatives not designated
  as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
Other assets
 
$
10,034

 
$
10,786

 
Other liabilities
 
$
19,303

 
$
12,638

Mortgage derivatives
Other assets
 
1,302

 
936

 
Other liabilities
 
248

 
129

Visa derivative
 
 
—

 
—

 
Other liabilities
 
5,943

 
4,330

 Total derivatives not
  designated as hedging
  instruments    
 
 
$
11,336

 
$
11,722

 
 
 
$
25,494

 
$
17,097

 
 
 
 
 
 
 
 
 
 
 
 
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 six and three months ended June 30, 2018 and 2017 is presented below.
 
 
Location of Gain (Loss) Recognized in Income
 
Gain (Loss) Recognized in Income
(in thousands)
 
 
Six Months Ended June 30,
Derivatives not designated as hedging instruments
 
 
2018
 
2017
Interest rate contracts(1)    
 
Other non-interest income
 
$
(9
)
 
$
(1
)
Mortgage derivatives(2)    
 
Mortgage banking income
 
247

 
(2,073
)
Total
 
 
 
$
238

 
$
(2,074
)
 
 
 
 
 
 
 
 
 
Location of Gain (Loss) Recognized in Income
 
Gain (Loss) Recognized in Income
(in thousands)
 
 
Three Months Ended June 30,
Derivatives not designated as hedging instruments
 
 
2018
 
2017
Interest rate contracts(1)    
 
Other non-interest income
 
$
(16
)
 
$
—

Mortgage derivatives(2)    
 
Mortgage banking income
 
(680
)
 
(289
)
Total
 
 
 
$
(696
)
 
$
(289
)
 
 
 
 
 
 
 
(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.