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Fair Value (Tables)
 12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments

The undesignated derivative instruments are included on the accompanying consolidated balance sheet, as of December 31, 2015, as follows:

  

 

 

Fair Value

 

 

Balance Sheet Location

Rate lock commitments:

 

 

 

 

 

 

Gross assets

 

$

5,549

 

 

 

Gross liabilities

 

 

2,362

 

 

 

Net rate lock commitments

 

$

3,187

 

 

NVRM - Other assets

Forward sales contracts:

 

 

 

 

 

 

Gross assets

 

$

3,994

 

 

 

Gross liabilities

 

 

190

 

 

 

Net forward sales contracts

 

$

3,804

 

 

NVRM - Other assets

 
Fair Value Measurement

The fair value measurement as of December 31, 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

 

$

462,329

 

 

$

(1,108

)

 

$

(774

)

 

$

5,069

 

 

$

—

 

 

$

3,187

 

Forward sales contracts

 

$

737,052

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3,804

 

 

 

3,804

 

Mortgages held for sale

 

$

319,212

 

 

 

(954

)

 

 

(2,353

)

 

 

3,648

 

 

 

—

 

 

 

341

 

Total fair value measurement

 

 

 

 

 

$

(2,062

)

 

$

(3,127

)

 

$

8,717

 

 

$

3,804

 

 

$

7,332