Derivative Financial Instruments and Hedging (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments [Table Text Block]

The following table summarizes the gross notional and fair value amounts of derivatives (on a gross basis) categorized by underlying risk:

	As of December 31, 2016						As of December 31, 2015
	Notional Values		Asset Derivatives		Liability Derivatives		Notional Values		Asset Derivatives		Liability Derivatives
Credit risk:
Credit derivatives sold protection	$	297,612	$	28,731	$	—	$	297,612	$	41,126	$	—
Credit derivatives bought protection	298,173		—		14,501		300,529		106		27,655
Sub-total	595,785		28,731		14,501		598,141		41,232		27,655
Foreign currency risk:
Foreign currency forward contracts	965		—		3		683		—		5
Interest rate risk:
Interest rate lock commitments	203,815		4,872		—		156,309		3,384		—
Forward delivery contracts	66,731		—		84		52,054		11		8
TBA mortgage backed securities	249,750		1,678		269		136,750		179		150
Interest rate swaps	134,343		1,388		1,042		78,988		—		2,310
Sub-total	654,639		7,938		1,395		424,101		3,574		2,468
Total	$	1,251,389	$	36,669	$	15,899	$	1,022,925	$	44,806	$	30,128

Offsetting Assets

The following table presents derivative instruments that are subject to offset by a master netting agreement:

	As of December 31,
	2016			2015
Derivatives subject to netting arrangements:
Credit default swap indices sold protection	$	28,731		$	41,126
Credit default swap indices bought protection	(14,501		)	(27,549		)
Gross assets recognized	14,230			13,577
Cash collateral	(1,632		)	(1,632		)
Net assets recognized (included in other investments)	$	12,598		$	11,945

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table presents the fair value and the related outstanding notional amounts of the Company's cash flow hedging derivative instruments and indicates where the Company records each amount in its Consolidated Balance Sheets:

		As of December 31,
	Balance Sheet Location	2016		2015
Derivatives designated as cash flow hedging instruments:
Notional value		$	134,343	$	35,000
Fair value of interest rate swaps	Other investments	$	1,388	$	—
Fair value of interest rate swaps	Other liabilities and accrued expenses	$	1,042	$	1,283
Unrealized gain (loss), net of tax, on the fair value of interest rate swaps	AOCI	$	1,759	$	111
Range of variable rates on interest rate swaps		0.67% to 0.96%		0.51		%
Range of fixed rates on interest rate swaps		1.31% to 4.99%		3.47		%

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

The following table presents the pretax impact of the cash flow hedging derivative instruments on the Consolidated Financial Statements for the following periods:

	Year Ended December 31,
	2016	2015		2014
Gain (loss) recognized in AOCI on the derivative-effective portion	2,210	(326	)	128
(Gain) loss reclassified from AOCI into income-effective portion	121	274		97
Gain (loss) recognized in income on the derivative-ineffective portion	240	—		—

Schedule of Interest Rate Derivatives [Table Text Block]

The following table presents the estimated amount to be reclassified to earnings from AOCI during the next 12 months. These net losses reclassified into earnings are primarily expected to increase net interest expense related to the respective hedged item.

	As of
	December 31, 2016
Estimated (gains) losses to be reclassified to earnings from AOCI during the next 12 months	$	110