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Fair Value (Tables)
 6 Months Ended
Jun. 30, 2015
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments

The undesignated derivative instruments are included on the accompanying condensed consolidated balance sheet, as of June 30, 2015, as follows:

 

 

 

Fair Value

 

 

Balance Sheet Location

Rate lock commitments:

 

 

 

 

 

 

Gross assets

 

$

5,866

 

 

 

Gross liabilities

 

 

4,103

 

 

 

Net rate lock commitments

 

$

1,763

 

 

NVRM - Other assets

Forward sales contracts:

 

 

 

 

 

 

Gross assets

 

$

5,192

 

 

 

Gross liabilities

 

 

333

 

 

 

Net forward sales contracts

 

$

4,859

 

 

NVRM - Other assets

 
Fair Value Measurement

The fair value measurement as of June 30, 2015 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

 

$

464,190

 

 

$

(1,040

)

 

$

(2,210

)

 

$

5,013

 

 

$

—

 

 

$

1,763

 

Forward sales contracts

 

$

678,216

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4,859

 

 

 

4,859

 

Mortgages held for sale

 

$

266,604

 

 

 

(222

)

 

 

(4,115

)

 

 

3,151

 

 

 

—

 

 

 

(1,186

)

Total fair value measurement

 

 

 

 

 

$

(1,262

)

 

$

(6,325

)

 

$

8,164

 

 

$

4,859

 

 

$

5,436