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Fair Value (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments

The undesignated derivative instruments are included on the accompanying consolidated balance sheet as follows:

 

     Balance Sheet    Fair Value  
    

Location

   December 31, 2013  

Derivative Assets:

     

Forward sales contracts

  

NVRM - Other assets

   $ 6,153   
     

 

 

 

Derivative Liabilities:

     

Rate lock commitments

  

NVRM - Accounts payable and other liabilities

   $ 2,697   
     

 

 

 
Fair Value Measurement

The fair value measurement as of December 31, 2013 was as follows:

 

     Notional or
Principal
Amount
     Assumed
Gain/(Loss)
From Loan
Sale
    Interest
Rate
Movement
Effect
    Servicing
Rights
Value
     Security
Price
Change
     Total Fair
Value
Measurement
Gain/(Loss)
 

Rate lock commitments

   $ 243,084       $ (1,603   $ (2,908   $ 1,814       $ —         $ (2,697

Forward sales contracts

   $ 430,859         —          —          —           6,153         6,153   

Mortgages held for sale

   $ 213,577         (1,000     (3,732     1,796         —           (2,936
     

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total Fair Value Measurement, December 31, 2013

      $ (2,603   $ (6,640   $ 3,610       $   6,153       $ 520