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DERIVATIVE INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Amount and Market Value of Mortgage Banking Derivatives
The following table presents the notional amount and fair 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.
 
June 30, 2017
 
December 31, 2016
 
Notional
Amount
 
Fair
Value
 
Notional
Amount
 
Fair
Value
 
(In thousands)
Included in assets:
 
 
 
 
 
 
 
Interest rate lock commitments (1)
$
24,422

 
$
841

 
$
289,637

 
$
8,317

Mandatory forward commitments (1)
77,002

 
201

 
537,476

 
8,897

Interest rate swaps and cap on loans with customers
71,036

 
1,075

 
46,346

 
707

Foreign exchange contracts
—

 
—

 
4,236

 
47

Total included in assets
$
172,460

 
$
2,117

 
$
877,695

 
$
17,968

Included in liabilities:
 
 
 
 
 
 
 
Interest rate lock commitments (1)
$
—

 
$
—

 
$
22,945

 
$
231

Mandatory forward commitments (1)
130,753

 
762

 
265,322

 
1,212

Interest rate swaps and caps on loans with correspondent bank
71,036

 
1,094

 
46,346

 
655

Foreign exchange contracts
—

 
—

 
4,207

 
18

Total included in liabilities
$
201,789

 
$
1,856

 
$
338,820

 
$
2,116


(1) Derivative instruments related to mortgage banking activities (discontinued operations).