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Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31, 2020 and December 31, 2019 (in thousands):

										Asset derivatives										Liability derivatives
		Gross notional amount								Balance		Fair value								Balance		Fair value
		Mar. 31, 2020				Dec. 31, 2019				sheet line item		Mar. 31, 2020				Dec. 31, 2019				sheet line item		Mar. 31, 2020				Dec. 31, 2019
Derivatives designated as hedging instruments
Cash flow hedges		$	100,000			$	100,000			Other assets		$	2			$	—			Other liabilities		$	—			$	—
Total derivatives		$	100,000			$	100,000					$	2			$	—					$	—			$	—
Derivatives not designated as hedging instruments
Interest rate swaps (1)		$	351,033			$	272,962			Other assets		$	19,921			$	6,419			Other liabilities		$	20,431			$	6,720
Credit contracts			66,767				68,324			Other assets			32				13			Other liabilities			42				18
Mortgage banking			20,545				11,859			Other assets			259				119			Other liabilities			120				7
Total derivatives		$	438,345			$	353,145					$	20,212			$	6,551					$	20,593			$	6,745

⁽¹⁾ The Company secured its obligations under these contracts with $20.5 million and $6.7 million in cash at March 31, 2020 and December 31, 2019, 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 months ended March 31, 2020 and 2019 (in thousands):

				Gain (loss) recognized in income
		Line item of gain (loss)		Three months ended March 31,
Undesignated derivatives		recognized in income		2020				2019
Interest rate swaps		Income from derivative instruments, net		$	724			$	101
Credit contracts		Income from derivative instruments, net			(5	)			14
Mortgage banking		Income from derivative instruments, net			27				53
Total undesignated				$	746			$	168

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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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