Fair Value (Tables)

3 Months Ended

Mar. 31, 2016

The undesignated derivative instruments are included on the accompanying condensed consolidated balance sheet, as of March 31, 2016, as follows:

	Fair Value		Balance Sheet Location
Rate lock commitments:
Gross assets	$	6,081
Gross liabilities		657
Net rate lock commitments	$	5,424	NVRM - Other assets
Forward sales contracts:
Gross assets	$	44
Gross liabilities		2,028
Net forward sales contracts	$	1,984	NVRM - Accounts payable and other liabilities

The fair value measurement as of March 31, 2016 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	$	409,435	$	(230	)	$	1,975	$	3,679	$	—		$	5,424
Forward sales contracts	$	525,038		—			—		—		(1,984	)		(1,984	)
Mortgages held for sale	$	185,955		377			749		2,110		—			3,236
Total fair value measurement			$	147		$	2,724	$	5,789	$	(1,984	)	$	6,676