XML 49 R34.htm IDEA: XBRL DOCUMENT v3.6.0.2
Fair Value (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments

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

  

 

 

Fair Value

 

 

Balance Sheet Location

Rate lock commitments:

 

 

 

 

 

 

Gross assets

 

$

5,403

 

 

 

Gross liabilities

 

 

3,327

 

 

 

Net rate lock commitments

 

$

2,076

 

 

NVRM - Other assets

Forward sales contracts:

 

 

 

 

 

 

Gross assets

 

$

9,148

 

 

 

Gross liabilities

 

 

1,084

 

 

 

Net forward sales contracts

 

$

8,064

 

 

NVRM - Other assets

  

Fair Value Measurement

The fair value measurement as of December 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

 

$

458,161

 

 

$

(339

)

 

$

(1,682

)

 

$

4,097

 

 

$

 

 

$

2,076

 

Forward sales contracts

 

$

738,637

 

 

 

 

 

 

 

 

 

 

 

 

8,064

 

 

 

8,064

 

Mortgages held for sale

 

$

357,912

 

 

 

62

 

 

 

(9,962

)

 

 

3,946

 

 

 

 

 

 

(5,954

)

Total fair value measurement

 

 

$

(277

)

 

$

(11,644

)

 

$

8,043

 

 

$

8,064

 

 

$

4,186