Derivative Financial Instruments
12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments
Derivative Financial Instruments
Losses of $1.8 million and $697,000 were recorded for the years ended December 31, 2014 and 2013, respectively, for all mortgage-related derivatives, and are recorded in the Consolidated Statements of Comprehensive Income as part of noninterest income from mortgage banking activities. The Company's derivative contracts are not subject to master netting arrangements.

The Company’s derivative positions as of December 31, 2014 and 2013 were as follows:
 
Contract or Notional Amount
as of December 31,
(in thousands)
2014
 
2013
Forward rate commitments
$
294,746

 
$
240,574

Interest rate lock commitments
139,288

 
122,343

  Total derivatives contracts
$
434,034

 
$
362,917