XML 39 R31.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Commercial Mortgage Banking (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2014
Transfers and Servicing [Abstract] |
Unpaid Principal Balance of Loans | The total unpaid principal balance of loans the Company was servicing for various institutional investors was as follows:
(Expressed in thousands) |  |  |
| As of September 30, 2014 |  | As of December 31, 2013
Unpaid principal balance of loans | $ | 4,044,961 |  |  | $ | 3,885,437 |
Summary of Changes in Carrying Value of Mortgage Servicing Rights | The following table summarizes the changes in carrying value of MSRs for the nine months ended September 30, 2014 and 2013:
(Expressed in thousands) |  |  |
| Nine Months Ended September 30,
| 2014 |  | 2013
Balance at beginning of period | $ | 28,879 |  |  | $ | 26,983 |
Originations (1) | 4,252 |  |  | 5,668 |
Purchases | 144 |  |  | 1,108 |
Disposals (1) | (1,754 | ) |  | (4,518 | )
Amortization expense | (2,025 | ) |  | (1,120 | )
Balance at end of period | $ | 29,496 |  |  | $ | 28,121 |
(1) | Includes refinancings
Schedule of Amortization Expense | Servicing rights are amortized using the straight-line method over 10 years. Future amortization expense is expected to be as follows:
(Expressed in thousands) |  |  |  |  |
| Originated MSRs |  | Purchased MSRs |  | Total MSRs
2014 | $ | 704 |  |  | $ | 319 |  |  | $ | 1,023 |
2015 | 2,815 |  |  | 1,275 |  |  | 4,090 |
2016 | 2,808 |  |  | 1,275 |  |  | 4,083 |
2017 | 2,802 |  |  | 1,268 |  |  | 4,070 |
2018 | 2,775 |  |  | 1,255 |  |  | 4,030 |
Thereafter | 9,071 |  |  | 3,129 |  |  | 12,200 |
| $ | 20,975 |  |  | $ | 8,521 |  |  | $ | 29,496 |
Components of Mortgage Servicing Rights Fees | The Company receives fees during the course of servicing the mortgage loans. The fees for the three and nine months ended September 30, 2014 and 2013 were as follows:
(Expressed in thousands) |  |  |  |  |  |  |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Servicing fees | $ | 1,402 |  |  | $ | 1,287 |  |  | $ | 4,122 |  |  | $ | 3,739 |
Late fees | 6 |  |  | 19 |  |  | 11 |  |  | 94 |
Ancillary fees | 80 |  |  | 170 |  |  | 248 |  |  | 291 |
Total MSR fees | $ | 1,488 |  |  | $ | 1,476 |  |  | $ | 4,381 |  |  | $ | 4,124 |

X
- Definition Schedule of unpaid principal balance of loans. + References No definition available. + Details
Name: | opy_ScheduleOfUnpaidPrincipalBalanceOfLoansTableTableTextBlock
Namespace Prefix: | opy_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Servicing revenue and fees. + References No definition available. + Details
Name: | opy_ServicingRevenueAndFeesTableTableTextBlock
Namespace Prefix: | opy_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity in the balance of servicing assets subsequently measured at amortized cost. Includes, but is not limited to, beginning and ending balances, additions, disposals, and amortization. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7882072&loc=d3e122739-111746 + Details
Name: | us-gaap_ScheduleOfServicingAssetsAtAmortizedValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_TransfersAndServicingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration