Derivatives (Tables)
 12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Financial Instruments
The following tables provide details on the Company’s derivative financial instruments as of the dates presented:
December 31, 2020
Notional AmountAssetLiability
Not designated as hedging:
Interest rate contracts$606,878 $34,547 $34,317 
Forward commitments1,358,328 — 11,633 
Interest rate-lock commitments1,191,621 34,391 — 
Futures contracts375,400 — 383 
Total$3,532,227 $68,938 $46,333 

 December 31, 2019
 Notional AmountAssetLiability
Not designated as hedging:   
Interest rate contracts$440,556 $14,929 $14,929 
Forward commitments684,437 — 866 
Interest rate-lock commitments453,198 7,052 — 
Futures contracts389,000 — 1,623 
Total$1,967,191 $21,981 $17,418 
 
 December 31, 2020
 Notional AmountAssetLiability
Designated as hedging:   
Interest rate swaps$30,000 $— $1,909 
December 31, 2019
Notional AmountAssetLiability
Designated as hedging:
Interest rate swaps$30,000 $— $515 
Schedule of Gains (Losses) Included in the Consolidated Statements of Income Related to Derivative Financial Instruments
Gains (losses) included in the consolidated statements of income related to the Company’s derivative financial instruments were as follows:
Year Ended December 31,
 2020 2019 2018 
Not designated as hedging instruments (included in mortgage banking income):  
Interest rate lock commitments$27,339 $(2,112)$(527)
Forward commitments(73,033)12,170 3,864 
Futures contracts8,151 (6,723)(2,981)
Option contracts— (47)(58)
Total$(37,543)$3,288 $298 
Year Ended December 31,
 2020 2019 2018 
Designated as hedging: 
Amount of gain reclassified from other comprehensive income and
recognized in interest expense on borrowings, net of taxes of $337, $170, and $45
$955 $481 $128 
(Loss) gain included in interest expense on borrowings(353)115 32 
Total$602 $596 $160 
The following discloses the amount included in other comprehensive income, net of tax, for derivative instruments designated as cash flow hedges for the periods presented: 
Year Ended December 31,
 2020 2019 2018 
Designated as hedging: 
Amount of (loss) gain recognized in other comprehensive income, net of tax $363, $322, and $366
$(1,031)$(914)$1,039 
Schedule of Offsetting Assets 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 AssetsOffsetting Derivative Liabilities
December 31, 2020December 31, 2019December 31, 2020December 31, 2019
Gross amounts recognized$3,863 $331 $34,051 $14,682 
Gross amounts offset in the consolidated balance sheets— — — — 
Net amounts presented in the consolidated balance sheets3,863 331 34,051 14,682 
Gross amounts not offset in the consolidated balance sheets
Less: financial instruments857 139 857 139 
Less: financial collateral pledged— — 33,194 14,543 
Net amounts$3,006 $192 $— $— 
Schedule of Offsetting Liabilities 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 AssetsOffsetting Derivative Liabilities
December 31, 2020December 31, 2019December 31, 2020December 31, 2019
Gross amounts recognized$3,863 $331 $34,051 $14,682 
Gross amounts offset in the consolidated balance sheets— — — — 
Net amounts presented in the consolidated balance sheets3,863 331 34,051 14,682 
Gross amounts not offset in the consolidated balance sheets
Less: financial instruments857 139 857 139 
Less: financial collateral pledged— — 33,194 14,543 
Net amounts$3,006 $192 $— $—