XML 66 R53.htm IDEA: XBRL DOCUMENT v3.5.0.2
Transfers of financial assets and mortgage servicing assets (Tables)
9 Months Ended
Sep. 30, 2016
Transfers and Servicing of Financial Assets  
Schedule Of Securitizations Of Financial Assets Accounted For As Sale [Text Block]
Proceeds Obtained During the Quarter Ended September 30, 2016
(In thousands)Level 1Level 2Level 3Initial Fair Value
Assets
Investments securities available for sale:
Mortgage-backed securities - GNMA$-$20,686$-$20,686
Mortgage-backed securities - FNMA-5,138-5,138
Total investment securities available-for-sale$-$25,824$-$25,824
Trading account securities:
Mortgage-backed securities - GNMA$-$140,255$-$140,255
Mortgage-backed securities - FNMA-44,574-44,574
Total trading account securities$-$184,829$-$184,829
Mortgage servicing rights$-$-$2,695$2,695
Total $-$210,653$2,695$213,348

Proceeds Obtained During the Nine Months Ended September 30, 2016
(In thousands)Level 1Level 2Level 3Initial Fair Value
Assets
Investments securities available for sale:
Mortgage-backed securities - GNMA$-$20,686$-$20,686
Mortgage-backed securities - FNMA-5,138-5,138
Total investment securities available-for-sale$-$25,824$-$25,824
Trading account securities:
Mortgage-backed securities - GNMA$-$444,382$-$444,382
Mortgage-backed securities - FNMA-123,888-123,888
Total trading account securities$-$568,270$-$568,270
Mortgage servicing rights$-$-$7,235$7,235
Total $-$594,094$7,235$601,329

Proceeds Obtained During the Quarter Ended September 30, 2015
(In thousands)Level 1Level 2Level 3Initial Fair Value
Assets
Trading account securities:
Mortgage-backed securities - GNMA$-$251,061$-$251,061
Mortgage-backed securities - FNMA-56,800-56,800
Total trading account securities$-$307,861$-$307,861
Mortgage servicing rights$-$-$3,309$3,309
Total $-$307,861$3,309$311,170

Proceeds Obtained During the Nine Months Ended September 30, 2015
(In thousands)Level 1Level 2Level 3Initial Fair Value
Assets
Trading account securities:
Mortgage-backed securities - GNMA$-$650,891$-$650,891
Mortgage-backed securities - FNMA-174,235-174,235
Total trading account securities$-$825,126$-$825,126
Mortgage servicing rights$-$-$10,078$10,078
Total $-$825,126$10,078$835,204
Schedule Of Servicing Assets At Fair Value Text Block
Residential MSRs
(In thousands)September 30, 2016September 30, 2015
Fair value at beginning of period$211,405$148,694
Additions7,84373,411
Changes due to payments on loans[1](13,381)(12,891)
Reduction due to loan repurchases(1,183)(1,576)
Changes in fair value due to changes in valuation model inputs or assumptions(4,315)3,213
Other disposals(15)-
Fair value at end of period$200,354$210,851
[1] Represents the change due to collection / realization of expected cash flow over time.
Schedule Of Assumptions For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Servicing Liabilities Text Block
Quarters endedNine months ended
September 30, 2016September 30, 2015September 30, 2016September 30, 2015
Prepayment speed4.6%7.0%5.2%7.0%
Weighted average life10.6years8.8years10.1years7.1years
Discount rate (annual rate)11.0%11.1%11.0%11.0%
Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets
Originated MSRsPurchased MSRs
(In thousands)September 30, 2016December 31, 2015September 30, 2016December 31, 2015
Fair value of servicing rights$91,628$98,648$108,726$112,757
Weighted average life (in years)7.47.36.56.2
Weighted average prepayment speed (annual rate)5.5%6.0%5.9%6.9%
Impact on fair value of 10% adverse change$(2,074)$(2,488)$(2,475)$(2,871)
Impact on fair value of 20% adverse change$(4,307)$(5,241)$(5,118)$(6,034)
Weighted average discount rate (annual rate)11.5%11.5%11.0%11.0%
Impact on fair value of 10% adverse change$(3,741)$(4,083)$(4,085)$(4,211)
Impact on fair value of 20% adverse change$(7,431)$(8,206)$(8,134)$(8,525)