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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present the fair value of assets and liabilities measured at fair value on a recurring basis as of March 31, 2017 and December 31, 2016 (dollars in thousands):

		As of March 31, 2017
		Fair Value Measured and Recorded Using
		Level 1				Level 2				Level 3				Total
Assets
Available for sale securities:
Debt securities:
U.S. treasury securities		$	8,973			$	—			$	—			$	8,973
Debt securities issued by U.S. federal    agencies			—				4,830				—				4,830
Corporate debt securities			—				17,407				—				17,407
Asset-backed securities			—				1,842				—				1,842
Collateralized mortgage obligations			—				983				—				983
Total debt securities			8,973				25,062				—				34,035
Equity securities			24,540				—				—				24,540
Total available for sale securities			33,513				25,062				—				58,575
Trading securities			64,423				—				—				64,423
Warehouse receivables			—				685,133				—				685,133
Foreign currency exchange forward contracts			—				1,352				—				1,352
Total assets at fair value		$	97,936			$	711,547			$	—			$	809,483
Liabilities
Interest rate swaps		$	—			$	10,341			$	—			$	10,341
Securities sold, not yet purchased			4,111				—				—				4,111
Total liabilities at fair value		$	4,111			$	10,341			$	—			$	14,452

		As of December 31, 2016
		Fair Value Measured and Recorded Using
		Level 1				Level 2				Level 3				Total
Assets
Available for sale securities:
Debt securities:
U.S. treasury securities		$	8,485			$	—			$	—			$	8,485
Debt securities issued by U.S. federal    agencies			—				5,046				—				5,046
Corporate debt securities			—				17,094				—				17,094
Asset-backed securities			—				2,695				—				2,695
Collateralized mortgage obligations			—				1,010				—				1,010
Total debt securities			8,485				25,845				—				34,330
Equity securities			22,744				—				—				22,744
Total available for sale securities			31,229				25,845				—				57,074
Trading securities			52,629				—				—				52,629
Warehouse receivables			—				1,276,047				—				1,276,047
Foreign currency exchange forward contracts			—				1,471				—				1,471
Total assets at fair value		$	83,858			$	1,303,363			$	—			$	1,387,221
Liabilities
Interest rate swaps		$	—			$	13,162			$	—			$	13,162
Securities sold, not yet purchased			3,591				—				—				3,591
Total liabilities at fair value		$	3,591			$	13,162			$	—			$	16,753

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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