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RISK MANAGEMENT AND DERIVATIVE INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Amount and Market Value of Mortgage Banking Derivatives
The following table presents the amount and market value of derivative instruments included in the consolidated statements of financial condition as of the dates indicated. Note 3, Fair Value of Financial Instruments, contains further disclosures pertaining to the fair value of mortgage banking derivatives.
 
 
September 30, 2014
 
December 31, 2013
Notional
Amount
 
Fair Value
 
Notional
Amount
 
Fair Value
 
(In thousands)
Included in assets:
 
 
 
 
 
 
 
Interest rate lock commitments
$
192,701

 
$
6,850

 
$
129,010

 
$
3,962

Mandatory forward commitments

 

 
242,337

 
1,305

Interest rate swap
50,000

 
105

 
50,000

 
226

Total included in assets
$
242,701

 
$
6,955

 
$
421,347

 
$
5,493

Included in liabilities:
 
 
 
 
 
 
 
Interest rate lock commitments
$
7,738

 
$
325

 
$

 
$

Mandatory forward commitments
307,000

 
271

 

 

Total included in liabilities
$
314,738

 
$
596

 
$

 
$