Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative financial instruments

The following table provides details on the Company’s derivative financial instruments as of the dates presented:

		Fair Value
	Balance Sheet Location	June 30, 2017		December 31, 2016
Derivative assets:
Not designated as hedging instruments:
Interest rate contracts	Other Assets	$	1,882	$	1,985
Interest rate lock commitments	Other Assets	3,781		2,643
Forward commitments	Other Assets	1,123		4,480
Totals		$	6,786	$	9,108
Derivative liabilities:
Designated as hedging instruments:
Interest rate swaps	Other Liabilities	$	3,404	$	3,410
Totals		$	3,404	$	3,410
Not designated as hedging instruments:
Interest rate contracts	Other Liabilities	$	1,882	$	1,985
Interest rate lock commitments	Other Liabilities	70		246
Forward commitments	Other Liabilities	525		269
Totals		$	2,477	$	2,500

Gains (losses) on derivative financial instruments included in the Consolidated Statements of Income

Gains (losses) included in the Consolidated Statements of Income related to the Company’s derivative financial instruments were as follows as of the periods presented:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2017			2016			2017			2016
Derivatives not designated as hedging instruments:
Interest rate contracts:
Included in interest income on loans	$	690		$	593		$	1,369		$	1,126
Interest rate lock commitments:
Included in mortgage banking income	(1,538		)	(566		)	1,315			1,062
Forward commitments
Included in mortgage banking income	2,256			(931		)	(3,613		)	(4,619		)
Total	$	1,408		$	(904	)	$	(929	)	$	(2,431	)

Schedule of gross derivative positions as recognized in the balance sheet

The following table presents the Company's gross derivative positions as recognized in the Consolidated Balance Sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement:

	Offsetting Derivative Assets				Offsetting Derivative Liabilities
	June 30, 2017		December 31, 2016		June 30, 2017		December 31, 2016
Gross amounts recognized	$	1,357	$	4,778	$	5,327	$	4,893
Gross amounts offset in the Consolidated Balance Sheets	—		—		—		—
Net amounts presented in the Consolidated Balance Sheets	1,357		4,778		5,327		4,893
Gross amounts not offset in the Consolidated Balance Sheets
Financial instruments	759		567		759		567
Financial collateral pledged	—		—		4,568		4,326
Net amounts	$	598	$	4,211	$	—	$	—