XML 34 R43.htm IDEA: XBRL DOCUMENT v2.4.0.8
Valuation (Fair Value Measurement Using Significant Unobservable Inputs) (Details) (Level 3 [Member], USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance $ 694,403,000 $ 627,575,000 $ 756,934,000 $ 599,914,000
Assets, Accreted Discounts/Amortized Premiums 3,014,000 5,331,000 7,037,000 11,117,000
Assets, Realized Gain (Loss) 12,574,000 4,984,000 38,056,000 22,388,000
Assets, Change In Net Unrealized Gain/(Loss) 2,273,000 (7,125,000) (9,700,000) 14,829,000
Assets, Purchases 141,089,000 259,987,000 305,047,000 367,223,000
Assets, Sales (145,260,000) (76,402,000) (389,281,000) (201,121,000)
Assets, Transfers In and/or Out of Level 3 0 0 0 0
Assets, Ending Balance 708,093,000 814,350,000 708,093,000 814,350,000
Liabilities, Begining Balance (1,333,000) (1,207,000) (1,333,000) (1,336,000)
Liabilities, Accreted Discounts/Amortized Premiums (5,000) (11,000) (12,000) (20,000)
Liabilities, Realized Gain/(Loss) (20,000) (29,000) (39,000) (57,000)
Liabilities, Change In Net Unrealized Gain/(Loss) 1,000 (603,000) (16,000) (535,000)
Liabilities Purchases/Payments 62,000 111,000 86,000 182,000
Liabilities, Sales/Issuance 20,000 30,000 39,000 57,000
Liabilities, Transfers In and/or Out of Level 3 0 0 0 0
Liabilities, Ending Balance (1,275,000) (1,709,000) (1,275,000) (1,709,000)
Change in net unrealized gain (loss) on investments 6,000,000 (5,000,000) 6,200,000 21,500,000
Change in net unrealized gain (loss) in financial derivative assets 600,000 1,700,000 (1,500,000) (9,100,000)
Change in net unrealized Gain (Loss) on financial derivative liabilities   (1,100,000)   (1,100,000)
Change in net unrealized gain (loss) in securitized debt 1,000 63,000 (16,000) 5,000
Securitized Debt [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Liabilities, Begining Balance (983,000) (1,205,000) (983,000) (1,335,000)
Liabilities, Accreted Discounts/Amortized Premiums (5,000) (11,000) (12,000) (20,000)
Liabilities, Realized Gain/(Loss) 0 0 0 0
Liabilities, Change In Net Unrealized Gain/(Loss) 1,000 (63,000) (16,000) 5,000
Liabilities, Payments 62,000 111,000 86,000 182,000
Liabilities, Issuances 0 0 0 0
Liabilities, Transfers In and/or Out of Level 3 0 0 0 0
Liabilities, Ending Balance (925,000) (1,168,000) (925,000) (1,168,000)
Investments [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 679,229,000 601,177,000 740,288,000 563,883,000
Assets, Accreted Discounts/Amortized Premiums 3,014,000 5,331,000 7,037,000 11,117,000
Assets, Realized Gain (Loss) 13,041,000 5,526,000 37,332,000 19,679,000
Assets, Change In Net Unrealized Gain/(Loss) 1,687,000 (8,232,000) (9,075,000) 19,321,000
Assets, Purchases 140,672,000 259,945,000 304,591,000 367,132,000
Assets, Sales (143,712,000) (70,531,000) (386,242,000) (187,916,000)
Assets, Transfers In and/or Out of Level 3 0 0 0 0
Assets, Ending Balance 693,931,000 793,216,000 693,931,000 793,216,000
Investments [Member] | Agency residential mortgage-backed securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 41,375,000 16,228,000 40,504,000 6,644,000
Assets, Accreted Discounts/Amortized Premiums (2,045,000) (1,132,000) (4,334,000) (2,003,000)
Assets, Realized Gain (Loss) 135,000 0 170,000 0
Assets, Change In Net Unrealized Gain/(Loss) (728,000) 68,000 23,000 306,000
Assets, Purchases 0 12,233,000 2,554,000 22,450,000
Assets, Sales (2,497,000) 0 (2,677,000) 0
Assets, Transfers In and/or Out of Level 3 0 0 0 0
Assets, Ending Balance 36,240,000 27,397,000 36,240,000 27,397,000
Investments [Member] | Private Label Residential Mortgage-Backed Securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 490,083,000 557,820,000 580,772,000 528,366,000
Assets, Accreted Discounts/Amortized Premiums 5,203,000 6,471,000 10,589,000 13,112,000
Assets, Realized Gain (Loss) 7,718,000 4,189,000 31,178,000 19,790,000
Assets, Change In Net Unrealized Gain/(Loss) 3,516,000 (6,636,000) (9,336,000) 17,383,000
Assets, Purchases 64,639,000 184,029,000 154,223,000 256,862,000
Assets, Sales (85,257,000) (51,363,000) (281,524,000) (141,003,000)
Assets, Transfers In and/or Out of Level 3 0 0 0 0
Assets, Ending Balance 485,902,000 694,510,000 485,902,000 694,510,000
Investments [Member] | Private Label Commercial Mortgage-Backed Securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 32,645,000 5,778,000 32,994,000 19,327,000
Assets, Accreted Discounts/Amortized Premiums 147,000 41,000 352,000 98,000
Assets, Realized Gain (Loss) 3,518,000 324,000 4,391,000 (1,124,000)
Assets, Change In Net Unrealized Gain/(Loss) (1,979,000) (771,000) (464,000) 2,473,000
Assets, Purchases 28,400,000 24,826,000 66,169,000 37,168,000
Assets, Sales (34,684,000) (6,292,000) (75,395,000) (34,036,000)
Assets, Transfers In and/or Out of Level 3 0 0 0 0
Assets, Ending Balance 28,047,000 23,906,000 28,047,000 23,906,000
Investments [Member] | Commercial Mortgage Loans [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 44,005,000 9,713,000 23,887,000 9,546,000
Assets, Accreted Discounts/Amortized Premiums 521,000 19,000 1,084,000 27,000
Assets, Realized Gain (Loss) 871,000 482,000 872,000 482,000
Assets, Change In Net Unrealized Gain/(Loss) 169,000 (73,000) (291,000) 86,000
Assets, Purchases 3,980,000 2,550,000 24,004,000 2,551,000
Assets, Sales (12,131,000) (5,128,000) (12,141,000) (5,129,000)
Assets, Transfers In and/or Out of Level 3 0 0 0 0
Assets, Ending Balance 37,415,000 7,563,000 37,415,000 7,563,000
Investments [Member] | Residential Mortgage Loans [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 23,566,000   24,062,000  
Assets, Accreted Discounts/Amortized Premiums 0   0  
Assets, Realized Gain (Loss) 359,000   377,000  
Assets, Change In Net Unrealized Gain/(Loss) 1,214,000   954,000  
Assets, Purchases 1,695,000   1,695,000  
Assets, Sales (3,463,000)   (3,717,000)  
Assets, Transfers In and/or Out of Level 3 0   0  
Assets, Ending Balance 23,371,000   23,371,000  
Investments [Member] | Other Asset-backed Securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 47,458,000 11,638,000 38,069,000 0
Assets, Accreted Discounts/Amortized Premiums (812,000) (68,000) (654,000) (117,000)
Assets, Realized Gain (Loss) 450,000 531,000 354,000 531,000
Assets, Change In Net Unrealized Gain/(Loss) (492,000) (820,000) 56,000 (927,000)
Assets, Purchases 40,300,000 36,307,000 54,187,000 48,101,000
Assets, Sales (5,589,000) (7,748,000) (10,697,000) (7,748,000)
Assets, Transfers In and/or Out of Level 3 0 0 0 0
Assets, Ending Balance 81,315,000 39,840,000 81,315,000 39,840,000
Investments [Member] | Residential Real Estate [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 97,000   0  
Assets, Accreted Discounts/Amortized Premiums 0   0  
Assets, Realized Gain (Loss) (10,000)   (10,000)  
Assets, Change In Net Unrealized Gain/(Loss) (13,000)   (17,000)  
Assets, Purchases 1,658,000   1,759,000  
Assets, Sales (91,000)   (91,000)  
Assets, Transfers In and/or Out of Level 3 0   0  
Assets, Ending Balance 1,641,000   1,641,000  
Financial Derivatives - Assets [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 15,174,000 26,398,000 16,646,000 36,031,000
Assets, Accreted Discounts/Amortized Premiums 0 0 0 0
Assets, Realized Gain (Loss) (467,000) (542,000) 724,000 2,709,000
Assets, Change In Net Unrealized Gain/(Loss) 586,000 1,107,000 (625,000) (4,492,000)
Assets, Purchases 417,000 42,000 456,000 91,000
Assets, Sales (1,548,000) (5,871,000) (3,039,000) (13,205,000)
Assets, Transfers In and/or Out of Level 3 0 0 0 0
Assets, Ending Balance 14,162,000 21,134,000 14,162,000 21,134,000
Financial Derivatives - Assets [Member] | Credit Default Swaps On Asset Backed Securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Assets, Beginning Balance 15,174,000 26,398,000 16,646,000 36,031,000
Assets, Accreted Discounts/Amortized Premiums 0 0 0 0
Assets, Realized Gain (Loss) (467,000) (542,000) 724,000 2,709,000
Assets, Change In Net Unrealized Gain/(Loss) 586,000 1,107,000 (625,000) (4,492,000)
Assets, Purchases 417,000 42,000 456,000 91,000
Assets, Sales (1,548,000) (5,871,000) (3,039,000) (13,205,000)
Assets, Transfers In and/or Out of Level 3 0 0 0 0
Assets, Ending Balance 14,162,000 21,134,000 14,162,000 21,134,000
Financial Derivatives - Liabilities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Liabilities, Begining Balance (350,000) (2,000) (350,000) (1,000)
Liabilities, Accreted Discounts/Amortized Premiums 0 0 0 0
Liabilities, Realized Gain/(Loss) (20,000) (29,000) (39,000) (57,000)
Liabilities, Change In Net Unrealized Gain/(Loss) 0 (540,000) 0 (540,000)
Liabilities, Purchases 0 0 0 0
Liabilities, Sales 20,000 30,000 39,000 57,000
Liabilities, Transfers In and/or Out of Level 3 0 0 0 0
Liabilities, Ending Balance (350,000) (541,000) (350,000) (541,000)
Financial Derivatives - Liabilities [Member] | Credit Default Swaps On Asset Backed Securities [Member]
       
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Liabilities, Begining Balance (350,000) (2,000) (350,000) (1,000)
Liabilities, Accreted Discounts/Amortized Premiums 0 0 0 0
Liabilities, Realized Gain/(Loss) (20,000) (29,000) (39,000) (57,000)
Liabilities, Change In Net Unrealized Gain/(Loss) 0 (540,000) 0 (540,000)
Liabilities, Purchases 0 0 0 0
Liabilities, Sales 20,000 30,000 39,000 57,000
Liabilities, Transfers In and/or Out of Level 3 0 0 0 0
Liabilities, Ending Balance $ (350,000) $ (541,000) $ (350,000) $ (541,000)