Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

At September 30, 2015 and December 31, 2014, the notional amount and fair value of IRLCs and forward contracts utilized by the Company were as follows. 

	September 30, 2015					December 31, 2014
	Notional Amount		Fair Value			Notional Amount		Fair Value
Asset Derivatives
Derivatives not designated as hedging instruments
IRLCs	$	34,240	$	907		$	29,967	$	521
Liability Derivatives
Derivatives not designated as hedging instruments
Forward contracts	46,500		(348		)	55,012		(405		)

Schedule of Derivative Instruments in Statements of Income Fair Value

Fair values of derivative financial instruments were estimated using changes in mortgage interest rates from the date the Company entered into the IRLC and the balance sheet date. Periodic changes in the fair value of the derivative financial instruments on the condensed consolidated statements of income for the three and nine month periods ended September 30, 2015 and 2014 were as follows.

	Amount of gain / (loss) recognized in the three months ended						Amount of gain / (loss) recognized in the nine months ended
	September 30, 2015			September 30, 2014			September 30, 2015		September 30, 2014
Asset Derivatives
Derivatives not designated as hedging instruments
IRLCs	$	284		$	(58	)	$	386	$	310
Liability Derivatives
Derivatives not designated as hedging instruments
Forward contracts	(588		)	289			57		(248		)