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Fair Value (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments

The undesignated derivative instruments are included on the accompanying consolidated balance sheet, as of December 31, 2014, as follows:

  

 

 

Balance Sheet Location

 

Fair Value

 

Derivative Assets:

 

 

 

 

 

 

Rate lock commitments

 

NVRM - Other assets

 

$

2,374

 

Derivative Liabilities:

 

 

 

 

 

 

Forward sales contracts

 

NVRM - Accounts payable and other liabilities

 

$

909

 

 

Fair Value Measurement

The fair value measurement as of December 31, 2014 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

 

$

237,989

 

 

$

(602

)

 

$

559

 

 

$

2,417

 

 

$

 

 

$

2,374

 

Forward sales contracts

 

$

424,966

 

 

 

 

 

 

 

 

 

 

 

 

(909

)

 

 

(909

)

Mortgages held for sale

 

$

203,305

 

 

 

(354

)

 

 

423

 

 

 

2,290

 

 

 

 

 

 

2,359

 

Total Fair Value Measurement

 

 

 

 

 

$

(956

)

 

$

982

 

 

$

4,707

 

 

$

(909

)

 

$

3,824