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Derivative Instruments | 9 Months Ended
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Sep. 30, 2020
Derivative Instruments |
Derivative Instruments | NOTE 16 Derivative Instruments The Company did not have any derivatives designated as hedging instruments, as of September 30, 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 September 30, 2020 and December 31, 2019:
|  |  |  | September 30, 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 |  | Accrued interest and Other assets |  | $ | 13,133 |  | $ | 401,313 |  | $ | 1,228 |  | $ | 45,715
Forward loan sales commitments |  | Accrued interest and Other assets |  |  | 1,545 |  |  | 54,310 |  |  | 393 |  |  | 12,784
Total asset derivatives |  |  |  | $ | 14,678 |  | $ | 455,623 |  | $ | 1,621 |  | $ | 58,499
Liability Derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  |
TBA mortgage backed securities |  | Accrued expenses and other liabilities |  | $ | 1,960 |  | $ | 380,063 |  | $ | 109 |  | $ | 68,500
Total liability derivatives |  |  |  | $ | 1,960 |  | $ | 380,063 |  | $ | 109 |  | $ | 68,500
The gain (loss) recognized on derivative instruments for the three and nine months ended September 30, 2020 and 2019 was as follows:
|  |  |  | Three months ended |  | Nine months ended
|  | Consolidated Statements of |  | September 30, |  | September 30, |  | September 30, |  | September 30,
(dollars in thousands) |  | of Income Location |  | 2020 |  | 2019 |  | 2020 |  | 2019
Interest rate lock commitments |  | Mortgage banking/Other noninterest income |  | $ | 5,647 |  | $ | (257) |  | $ | 11,226 |  | $ | 2,024
Forward loan sales commitments |  | Mortgage banking |  |  | 369 |  |  | (199) |  |  | 1,152 |  |  | 454
TBA mortgage backed securities |  | Mortgage banking |  |  | (3,747) |  |  | 680 |  |  | (9,099) |  |  | (104)
Total gain/(loss) from derivative instruments |  |  |  | $ | 2,269 |  | $ | 224 |  | $ | 3,279 |  | $ | 2,374
The Company has third party agreements that require a minimum dollar transfer amount upon a margin call. This requirement is dependent on certain specified credit measures. The amount of collateral posted with third parties at September 30, 2020 and December 31, 2019, respectively was $5.1 million and $853 thousand. The amount of collateral posted with third parties was deemed to be sufficient as of those dates to collateralize both the fair market value change as well as any additional amounts that may be required as a result of a change in the specified credit measures.

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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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