v3.10.0.1

Valuation (Fair Value Measurement Using Significant Unobservable Inputs) (Details) - Level 3 [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance | $ 758,723 | $ 629,362 | $ 661,588 | $ 523,837
Assets, Accreted Discounts/Amortized Premiums | (9,827) | (9,785) | (14,251) | (13,979)
Assets, Realized Gain (Loss) | 3,216 | 2,115 | 7,944 | 2,858
Assets, Change In Net Unrealized Gain/(Loss) | 1,848 | 5,455 | 11,688 | 15,656
Assets, Purchases | 223,767 | 156,110 | 386,854 | 353,763
Assets, Sales | (112,690) | (169,558) | (202,131) | (275,956)
Assets, Transfers into Level 3 | 3,073 | 16,089 | 9,301 | 11,348
Assets, Transfers out of Level 3 | (51,604) | (92,443) | (44,487) | (80,182)
Assets, Ending Balance | 816,506 | 537,345 | 816,506 | 537,345
Liabilities, Begining Balance | (113,775) | (218) | (125,105) | (505)
Liabilities, Accreted Discounts/Amortized Premiums | 0 | 0 | 0 | 0
Liabilities, Realized Gain/(Loss) | 0 | (104) | 0 | (757)
Liabilities, Change In Net Unrealized Gain/(Loss) | 414 | 12 | 1,198 | 727
Liabilities Purchases/Payments | 12,261 | 467 | 22,807 | 769
Liabilities, Sales/Issuance | 0 | (364) | 0 | (441)
Liabilities, Transfers into Level 3 | 0 | 0 | 0 | 0
Liabilities, Transfers out of Level 3 | 0 | 0 | 0 | 0
Liabilities, Ending Balance | (101,100) | (207) | (101,100) | (207)
Other secured borrowings [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Liabilities, Begining Balance | (113,775) |  | (125,105) |
Liabilities, Accreted Discounts/Amortized Premiums | 0 |  | 0 |
Liabilities, Realized Gain/(Loss) | 0 |  | 0 |
Liabilities, Change In Net Unrealized Gain/(Loss) | 414 |  | 1,198 |
Liabilities, Payments | 12,261 |  | 22,807 |
Liabilities, Issuances | 0 |  | 0 |
Liabilities, Transfers into Level 3 | 0 |  | 0 |
Liabilities, Transfers out of Level 3 | 0 |  | 0 |
Liabilities, Ending Balance | (101,100) |  | (101,100) |
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss) | 400 |  | 1,200 |
Financial Derivatives - Liabilities [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss) |  | 10 |  | 50
Total Return Swaps [Member] | Financial Derivatives - Liabilities [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Liabilities, Begining Balance |  | 0 |  | (249)
Liabilities, Accreted Discounts/Amortized Premiums |  | 0 |  | 0
Liabilities, Realized Gain/(Loss) |  | (85) |  | (292)
Liabilities, Change In Net Unrealized Gain/(Loss) |  | 0 |  | 250
Liabilities, Purchases |  | 21 |  | 304
Liabilities, Sales |  | 64 |  | (13)
Liabilities, Transfers into Level 3 |  | 0 |  | 0
Liabilities, Transfers out of Level 3 |  | 0 |  | 0
Liabilities, Ending Balance |  | 0 |  | 0
Credit Default Swaps On Asset Backed Securities [Member] | Financial Derivatives - Liabilities [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Liabilities, Begining Balance |  | (218) |  | (256)
Liabilities, Accreted Discounts/Amortized Premiums |  | 0 |  | 0
Liabilities, Realized Gain/(Loss) |  | (19) |  | (465)
Liabilities, Change In Net Unrealized Gain/(Loss) |  | 12 |  | 477
Liabilities, Purchases |  | 446 |  | 465
Liabilities, Sales |  | (428) |  | (428)
Liabilities, Transfers into Level 3 |  | 0 |  | 0
Liabilities, Transfers out of Level 3 |  | 0 |  | 0
Liabilities, Ending Balance |  | (207) |  | (207)
Investments [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance | 755,654 | 623,534 | 658,448 | 518,250
Assets, Accreted Discounts/Amortized Premiums | (9,827) | (9,785) | (14,251) | (13,979)
Assets, Realized Gain (Loss) | 3,055 | 1,719 | 7,697 | 2,368
Assets, Change In Net Unrealized Gain/(Loss) | 2,326 | 6,176 | 12,237 | 16,035
Assets, Purchases | 223,745 | 156,100 | 386,809 | 353,695
Assets, Sales | (112,507) | (169,152) | (201,839) | (275,297)
Assets, Transfers into Level 3 | 3,073 | 16,089 | 9,301 | 11,348
Assets, Transfers out of Level 3 | (51,604) | (92,443) | (44,487) | (80,182)
Assets, Ending Balance | 813,915 | 532,238 | 813,915 | 532,238
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) | 1,600 | 5,100 | 10,500 | 9,000
Investments [Member] | Agency residential mortgage-backed securities [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance | 6,128 | 29,425 | 6,173 | 29,622
Assets, Accreted Discounts/Amortized Premiums | (547) | (2,320) | (1,172) | (4,913)
Assets, Realized Gain (Loss) | 18 | (402) | 57 | (437)
Assets, Change In Net Unrealized Gain/(Loss) | (41) | (163) | 229 | 65
Assets, Purchases | 1,533 | (417) | 2,635 | 1,785
Assets, Sales | (569) | (126) | (957) | (125)
Assets, Transfers into Level 3 | 0 | 0 | 0 | 0
Assets, Transfers out of Level 3 | (633) | (21,101) | (1,076) | (21,101)
Assets, Ending Balance | 5,889 | 4,896 | 5,889 | 4,896
Investments [Member] | Private Label Residential Mortgage-Backed Securities [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance | 111,862 | 80,332 | 101,297 | 90,083
Assets, Accreted Discounts/Amortized Premiums | (1,889) | (476) | 156 | 1,036
Assets, Realized Gain (Loss) | 211 | 1,137 | 2,719 | 434
Assets, Change In Net Unrealized Gain/(Loss) | (1,845) | 3,327 | (986) | 6,034
Assets, Purchases | 13,596 | 27,972 | 24,623 | 26,800
Assets, Sales | (10,999) | (9,733) | (29,439) | (29,349)
Assets, Transfers into Level 3 | 3,073 | 16,089 | 9,301 | 11,348
Assets, Transfers out of Level 3 | (17,613) | (39,525) | (11,275) | (27,263)
Assets, Ending Balance | 96,396 | 79,123 | 96,396 | 79,123
Investments [Member] | Private Label Commercial Mortgage-Backed Securities [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance | 13,709 | 41,300 | 12,347 | 43,268
Assets, Accreted Discounts/Amortized Premiums | 28 | 276 | (163) | 632
Assets, Realized Gain (Loss) | (104) | (3,338) | 1,618 | (2,996)
Assets, Change In Net Unrealized Gain/(Loss) | 784 | 4,991 | 1,043 | 6,402
Assets, Purchases | 0 | 20 | 8,046 | 20
Assets, Sales | (4,194) | (16,734) | (13,890) | (20,811)
Assets, Transfers into Level 3 | 0 | 0 | 0 | 0
Assets, Transfers out of Level 3 | (1,462) | (12,706) | (240) | (12,706)
Assets, Ending Balance | 8,761 | 13,809 | 8,761 | 13,809
Investments [Member] | Commercial Mortgage Loans [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance | 109,294 | 62,508 | 108,301 | 61,129
Assets, Accreted Discounts/Amortized Premiums | 226 | 101 | 844 | 631
Assets, Realized Gain (Loss) | 553 | 79 | 884 | 416
Assets, Change In Net Unrealized Gain/(Loss) | 610 | (56) | 449 | 1,150
Assets, Purchases | 20,132 | 4,500 | 24,119 | 27,545
Assets, Sales | (25,864) | (1,236) | (29,646) | (24,975)
Assets, Transfers into Level 3 | 0 | 0 | 0 | 0
Assets, Transfers out of Level 3 | 0 | 0 | 0 | 0
Assets, Ending Balance | 104,951 | 65,896 | 104,951 | 65,896
Investments [Member] | Residential Mortgage Loans [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance | 240,781 | 112,650 | 182,472 | 84,290
Assets, Accreted Discounts/Amortized Premiums | (464) | 537 | (1,179) | 678
Assets, Realized Gain (Loss) | 637 | 1,133 | 583 | 1,081
Assets, Change In Net Unrealized Gain/(Loss) | (267) | (481) | (920) | (77)
Assets, Purchases | 76,785 | 37,048 | 149,825 | 71,186
Assets, Sales | (24,000) | (14,790) | (37,309) | (21,061)
Assets, Transfers into Level 3 | 0 | 0 | 0 | 0
Assets, Transfers out of Level 3 | 0 | 0 | 0 | 0
Assets, Ending Balance | 293,472 | 136,097 | 293,472 | 136,097
Investments [Member] | Collateralized Loan Obligations [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance | 27,479 | 70,561 | 24,911 | 44,956
Assets, Accreted Discounts/Amortized Premiums | (377) | (4,849) | 78 | (6,032)
Assets, Realized Gain (Loss) | 2 | 532 | 3 | 1,453
Assets, Change In Net Unrealized Gain/(Loss) | 300 | 479 | 527 | 3,011
Assets, Purchases | 11,442 | 18,157 | 21,537 | 56,869
Assets, Sales | (7,889) | (23,233) | (16,099) | (38,609)
Assets, Transfers into Level 3 | 0 | 0 | 0 | 0
Assets, Transfers out of Level 3 | (24,848) | (19,111) | (24,848) | (19,112)
Assets, Ending Balance | 6,109 | 42,536 | 6,109 | 42,536
Investments [Member] | Consumer loans and asset-backed securities backed by consumer loans [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance | 148,422 | 107,842 | 135,258 | 107,157
Assets, Accreted Discounts/Amortized Premiums | (6,955) | (3,208) | (12,851) | (6,264)
Assets, Realized Gain (Loss) | 450 | 478 | 950 | (74)
Assets, Change In Net Unrealized Gain/(Loss) | 3,782 | (555) | 7,585 | 281
Assets, Purchases | 83,069 | 25,594 | 125,203 | 50,012
Assets, Sales | (29,514) | (21,480) | (56,891) | (42,441)
Assets, Transfers into Level 3 | 0 | 0 | 0 | 0
Assets, Transfers out of Level 3 | 0 | 0 | 0 | 0
Assets, Ending Balance | 199,254 | 108,671 | 199,254 | 108,671
Investments [Member] | Corporate Debt [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance | 18,000 | 59,609 | 23,947 | 25,004
Assets, Accreted Discounts/Amortized Premiums | 59 | 154 | (56) | 253
Assets, Realized Gain (Loss) | 96 | 216 | 148 | 548
Assets, Change In Net Unrealized Gain/(Loss) | (761) | 29 | (396) | 187
Assets, Purchases | 448 | 36,397 | 905 | 83,492
Assets, Sales | (1,944) | (75,870) | (8,650) | (88,949)
Assets, Transfers into Level 3 | 0 | 0 | 0 | 0
Assets, Transfers out of Level 3 | (7,048) | 0 | (7,048) | 0
Assets, Ending Balance | 8,850 | 20,535 | 8,850 | 20,535
Investments [Member] | Secured Notes [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance | 0 |  | 0 |
Assets, Accreted Discounts/Amortized Premiums | 92 |  | 92 |
Assets, Realized Gain (Loss) | 0 |  | 0 |
Assets, Change In Net Unrealized Gain/(Loss) | (234) |  | (234) |
Assets, Purchases | 11,268 |  | 11,268 |
Assets, Sales | 0 |  | 0 |
Assets, Transfers into Level 3 | 0 |  | 0 |
Assets, Transfers out of Level 3 | 0 |  | 0 |
Assets, Ending Balance | 11,126 |  | 11,126 |
Investments [Member] | Real Estate Owned [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance | 29,110 | 25,390 | 26,277 | 3,349
Assets, Accreted Discounts/Amortized Premiums | 0 | 0 | 0 | 0
Assets, Realized Gain (Loss) | 10 | 365 | (447) | 424
Assets, Change In Net Unrealized Gain/(Loss) | (1) | (401) | 615 | (295)
Assets, Purchases | 5,472 | 54 | 9,570 | 24,211
Assets, Sales | (252) | (431) | (1,676) | (2,712)
Assets, Transfers into Level 3 | 0 | 0 | 0 | 0
Assets, Transfers out of Level 3 | 0 | 0 | 0 | 0
Assets, Ending Balance | 34,339 | 24,977 | 34,339 | 24,977
Investments [Member] | Corporate Equity Investments [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance | 50,869 | 33,917 | 37,465 | 29,392
Assets, Accreted Discounts/Amortized Premiums | 0 | 0 | 0 | 0
Assets, Realized Gain (Loss) | 1,182 | 1,519 | 1,182 | 1,519
Assets, Change In Net Unrealized Gain/(Loss) | (1) | (994) | 4,325 | (723)
Assets, Purchases | 0 | 6,775 | 9,078 | 11,775
Assets, Sales | (7,282) | (5,519) | (7,282) | (6,265)
Assets, Transfers into Level 3 | 0 | 0 | 0 | 0
Assets, Transfers out of Level 3 | 0 | 0 | 0 | 0
Assets, Ending Balance | 44,768 | 35,698 | 44,768 | 35,698
Financial Derivatives - Assets [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance | 3,069 | 5,828 | 3,140 | 5,587
Assets, Accreted Discounts/Amortized Premiums | 0 | 0 | 0 | 0
Assets, Realized Gain (Loss) | 161 | 396 | 247 | 490
Assets, Change In Net Unrealized Gain/(Loss) | (478) | (721) | (549) | (379)
Assets, Purchases | 22 | 10 | 45 | 68
Assets, Sales | (183) | (406) | (292) | (659)
Assets, Transfers into Level 3 | 0 | 0 | 0 | 0
Assets, Transfers out of Level 3 | 0 | 0 | 0 | 0
Assets, Ending Balance | 2,591 | 5,107 | 2,591 | 5,107
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) | (500) | (700) | (500) | (200)
Financial Derivatives - Assets [Member] | Total Return Swaps [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance |  | 0 |  | 155
Assets, Accreted Discounts/Amortized Premiums |  | 0 |  | 0
Assets, Realized Gain (Loss) |  | 65 |  | 222
Assets, Change In Net Unrealized Gain/(Loss) |  | 0 |  | (155)
Assets, Purchases |  | 0 |  | 0
Assets, Sales |  | (65) |  | (222)
Assets, Transfers into Level 3 |  | 0 |  | 0
Assets, Transfers out of Level 3 |  | 0 |  | 0
Assets, Ending Balance |  | 0 |  | 0
Financial Derivatives - Assets [Member] | Warrant [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance |  |  |  | 106
Assets, Accreted Discounts/Amortized Premiums |  |  |  | 0
Assets, Realized Gain (Loss) |  |  |  | (100)
Assets, Change In Net Unrealized Gain/(Loss) |  |  |  | (6)
Assets, Purchases |  |  |  | 0
Assets, Sales |  |  |  | 0
Assets, Transfers into Level 3 |  |  |  | 0
Assets, Transfers out of Level 3 |  |  |  | 0
Assets, Ending Balance |  | 0 |  | 0
Financial Derivatives - Assets [Member] | Credit Default Swaps On Asset Backed Securities [Member] |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Assets, Beginning Balance | 3,069 | 5,828 | 3,140 | 5,326
Assets, Accreted Discounts/Amortized Premiums | 0 | 0 | 0 | 0
Assets, Realized Gain (Loss) | 161 | 331 | 247 | 368
Assets, Change In Net Unrealized Gain/(Loss) | (478) | (721) | (549) | (218)
Assets, Purchases | 22 | 10 | 45 | 68
Assets, Sales | (183) | (341) | (292) | (437)
Assets, Transfers into Level 3 | 0 | 0 | 0 | 0
Assets, Transfers out of Level 3 | 0 | 0 | 0 | 0
Assets, Ending Balance | $ 2,591 | $ 5,107 | $ 2,591 | $ 5,107

X
- Definition The amount of accreted discounts and amortization of premiums related to investments in debt securities classified as Level 3 securities within the fair value heirarchy. + References No definition available. + Details
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- Definition Realized gain/loss on investment/derivatives classed as Level 3 within the fair value heirarchy. + References No definition available. + Details
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- Definition Change in unrealized gain/loss on investment/derivatives classed as Level 3 within the fair value heirarchy. + References No definition available. + Details
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- Definition Fair Value, Measurement With Unobservable Inputs Reconciliations, Recurring Basis, Liability, Accreted Discounts/Amortized Premiums + References No definition available. + Details
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- Definition Fair Value, Measurement With Unobservable Inputs Reconciliations, Recurring Basis, Liability, Change In Net Unrealized Gain/(Loss) + References No definition available. + Details
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- Definition Fair Value, Measurement With Unobservable Inputs Reconciliations, Recurring Basis, Liability, Realized Gain/(Loss) + References No definition available. + Details
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- Definition Sales and issues that have taken place during the period in relation to liabilities measured at fair value and categorized within Level 3 of the fair value hierarchy. + References No definition available. + Details
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- Definition Settlements and purchases that have taken place during the period in relation to liabilities measured at fair value and categorized within Level 3 of the fair value hierarchy. + References No definition available. + Details
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- Definition Amount of unrealized (holding) gain (loss) which is included in the statement of income (or changes in net assets) related to those assets still held at the reporting date for which fair value is measured on a recurring basis using significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
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- Definition Amount of unrealized (holding) gain (loss) which is included in the statement of income (or changes in net assets) related to those liabilities still held at the reporting date for which fair value is measured on a recurring basis using significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Amount of transfers of financial instrument classified as a liability into level 3 of the fair value hierarchy. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(3) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Amount of transfers of financial instrument classified as a liability out of level 3 of the fair value hierarchy. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(3) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Amount of purchases of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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