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Derivative Instruments | 3 Months Ended
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Mar. 31, 2020
Derivative Instruments |
Derivative Instruments | NOTE 16 Derivative Instruments The Company did not have any derivatives designated as hedging instruments, as of March 31, 2020 and December 31, 2019. The following table presents the amounts recorded in the Company’s consolidated balance sheets, for derivatives not designated as hedging instruments, as of March 31, 2020 and December 31, 2019:
|  |  |  | March 31, 2020 |  | December 31, 2019
|  |  |  | Fair |  | Notional |  | Fair |  | Notional
(dollars in thousands) |  |  |  | Value |  | Amount |  | Value |  | Amount
Asset Derivatives |  | Consolidated Balance Sheet Location |  |  |  |  |  |  |  |  |  |  |  |
Interest rate lock commitments |  | Other assets |  | $ | 2,543 |  | $ | 147,414 |  | $ | 1,228 |  | $ | 45,715
Forward loan sales commitments |  | Other assets |  |  | 1,059 |  |  | 35,011 |  |  | 393 |  |  | 12,784
TBA mortgage backed securities |  | Other assets |  |  | — |  |  | — |  |  | — |  |  | —
Total asset derivatives |  |  |  | $ | 3,602 |  | $ | 182,425 |  | $ | 1,621 |  | $ | 58,499
Liability Derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate lock commitments |  | Accrued expenses and other liabilities |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Forward loan sales commitments |  | Accrued expenses and other liabilities |  |  | — |  |  | — |  |  | — |  |  | —
TBA mortgage backed securities |  | Accrued expenses and other liabilities |  |  | 2,884 |  |  | 193,500 |  |  | 109 |  |  | 68,500
Total liability derivatives |  |  |  | $ | 2,884 |  | $ | 193,500 |  | $ | 109 |  | $ | 68,500
The gain (loss) recognized on derivative instruments for the three months ended March 31, 2020 and 2019 was as follows:
|  |  |  | Three months ended
|  | Consolidated Statements of |  | March 31, |  | March 31,
(dollars in thousands) |  | Income Location |  | 2020 |  | 2019
Interest rate lock commitments |  | Mortgage banking |  | $ | 1,227 |  | $ | 1,789
Forward loan sales commitments |  | Mortgage banking |  |  | 666 |  |  | 246
TBA mortgage backed securities |  | Mortgage banking |  |  | (3,423) |  |  | (454)
Total gain/(loss) from derivative instruments |  |  |  | $ | (1,530) |  | $ | 1,581

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- References No definition available. + Details
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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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