The following tables present the fair value of assets and liabilities measured at fair value on a recurring basis as of June 30, 2014 and December 31, 2013 (dollars in thousands):


	As of June 30, 2014
	Fair Value Measured and Recorded Using
	Level 1		Level 2		Level 3		Total
Assets
Available for sale securities:
U.S. treasury securities	$	5,671	$	—	$	—	$	5,671
Debt securities issued by U.S. federal agencies		—		6,897		—		6,897
Corporate debt securities		—		18,279		—		18,279
Asset-backed securities		—		6,097		—		6,097
Collateralized mortgage obligations		—		2,010		—		2,010

Total debt securities		5,671		33,283		—		38,954
Equity securities		25,318		—		—		25,318

Total available for sale securities		30,989		33,283		—		64,272
Trading securities		71,012		—		—		71,012
Warehouse receivables		—		739,616		—		739,616
Foreign currency exchange forward contracts		—		666		—		666

Total assets at fair value	$	102,001	$	773,565	$	—	$	875,566

Liabilities
Interest rate swaps	$	—	$	30,262	$	—	$	30,262
Foreign currency exchange forward contracts		—		3,510		—		3,510

Total liabilities at fair value	$	—	$	33,772	$	—	$	33,772


	As of December 31, 2013
	Fair Value Measured and Recorded Using
	Level 1		Level 2		Level 3		Total
Assets
Available for sale securities:
U.S. treasury securities	$	3,688	$	—	$	—	$	3,688
Debt securities issued by U.S. federal agencies		—		6,528		—		6,528
Corporate debt securities		—		17,456		—		17,456
Asset-backed securities		—		3,381		—		3,381
Collateralized mortgage obligations		—		2,720		—		2,720

Total debt securities		3,688		30,085		—		33,773
Equity securities		23,027		—		—		23,027

Total available for sale securities		26,715		30,085		—		56,800
Trading securities		58,442		—		—		58,442
Warehouse receivables		—		381,545		—		381,545

Total assets at fair value	$	85,157	$	411,630	$	—	$	496,787

Liabilities
Interest rate swaps	$	—	$	29,034	$	—	$	29,034

Total liabilities at fair value	$	—	$	29,034	$	—	$	29,034