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RISK MANAGEMENT AND DERIVATIVE INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2015
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 contains further disclosures pertaining to the fair value of mortgage banking derivatives. 
 
March 31, 2015
 
December 31, 2014
Notional
Amount
 
Fair Value
 
Notional
Amount
 
Fair Value
 
(In thousands)
Included in assets:
 
 
 
 
 
 
 
Interest rate lock commitments
$
429,917

 
$
13,555

 
$
179,923

 
$
5,750

Mandatory forward commitments

 

 
25,735

 
629

Total included in assets
$
429,917

 
$
13,555

 
$
205,658

 
$
6,379

Included in liabilities:
 
 
 
 
 
 
 
Interest rate lock commitments
$
9,978

 
$
98

 
$
10,075

 
$
197

Mandatory forward commitments
572,000

 
4,039

 
364,829

 
2,803

Interest rate swap
75,000

 
415

 
50,000

 
235

Total included in liabilities
$
656,978

 
$
4,552

 
$
424,904

 
$
3,235