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Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments on the Balance Sheet

The table below presents the notional amounts, respective fair values of the Company’s derivative financial instruments, as well as their classification on the balance sheet as of September 30, 2019 and December 31, 2018 (in thousands):

										Asset derivatives										Liability derivatives
		Gross notional amount								Balance		Fair value								Balance		Fair value
		Sept. 30, 2019				Dec. 31, 2018				sheet line item		Sept. 30, 2019				Dec. 31, 2018				sheet line item		Sept. 30, 2019				Dec. 31, 2018
Derivatives designated as hedging instruments
Cash flow hedges		$	100,000			$	100,000			Other assets		$	7			$	631			Other liabilities		$	—			$	—
Total derivatives		$	100,000			$	100,000					$	7			$	631					$	—			$	—
Derivatives not designated as hedging instruments
Interest rate swaps (1)		$	167,509			$	71,977			Other assets		$	7,593			$	1,803			Other liabilities		$	7,807			$	2,006
Credit contracts			54,122				36,670			Other assets			10				—			Other liabilities			11				24
Mortgage banking			18,947				7,519			Other assets			188				83			Other liabilities			11				27
Total derivatives		$	240,578			$	116,166					$	7,791			$	1,886					$	7,829			$	2,057

⁽¹⁾ The Company secured its obligations under these contracts with $8.1 million and $1.3 million in cash at September 30, 2019 and December 31, 2018, respectively.

Effect of Derivative Instruments on the Income Statement

The table below presents the effect of the Company’s derivative financial instruments on the income statement for the three and nine months ended September 30, 2019 and 2018 (in thousands):

				Gain (loss) recognized in income								Gain (loss) recognized in income
		Line item of gain (loss)		Three months ended September 30,								Nine months ended September 30,
Undesignated derivatives		recognized in income		2019				2018				2019				2018
Interest rate swaps		Income from derivative instruments, net		$	854			$	349			$	838			$	419
Credit contracts		Income from derivative instruments, net			48				5				54				187
Mortgage banking		Income from derivative instruments, net			(12	)			(18	)			121				77
Total undesignated				$	890			$	336			$	1,013			$	683

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- References

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- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959

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