XML 32 R57.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value Measurements - Assets and Liabilities Not Measured at Fair Value on Recurring Basis (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Financial Instruments Not Measured at Fair Value on Recurring Basis [Line items]    
Fair value of the reverse repurchase agreements $ 250,000opy_FairValueOfSecuritiesReverseRepurchaseAgreement [1] $ 184,000opy_FairValueOfSecuritiesReverseRepurchaseAgreement [1]
Securities purchased under agreements to resell 251,606us-gaap_SecuritiesPurchasedUnderAgreementsToResell 184,825us-gaap_SecuritiesPurchasedUnderAgreementsToResell
Fair Value Measurement Assets    
Financial Instruments Not Measured at Fair Value on Recurring Basis [Line items]    
Cash 32,632us-gaap_FairValueEstimateNotPracticableCashAndCashEquivalents
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
38,026us-gaap_FairValueEstimateNotPracticableCashAndCashEquivalents
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Cash segregated for regulatory and other purposes 18,594opy_FairValueEstimateNotPracticableCashAndSecuritiesSegregatedUnderFederalAndOtherRegulations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
24,828opy_FairValueEstimateNotPracticableCashAndSecuritiesSegregatedUnderFederalAndOtherRegulations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Deposits with clearing organization 12,322opy_FairValueEstimateNotPracticableDepositsWithClearingOrganizations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
13,187opy_FairValueEstimateNotPracticableDepositsWithClearingOrganizations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Securities borrowed 242,172opy_FairValueEstimateNotPracticableDepositsPaidForSecuritiesBorrowed
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
274,127opy_FairValueEstimateNotPracticableDepositsPaidForSecuritiesBorrowed
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Receivables from brokers 38,149opy_FairValueEstimateNotPracticableDueFromCorrespondentBrokers
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
23,384opy_FairValueEstimateNotPracticableDueFromCorrespondentBrokers
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Securities failed to deliver 11,055opy_FairValueEstimateNotPracticableSecuritiesFailedToDeliver
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
9,628opy_FairValueEstimateNotPracticableSecuritiesFailedToDeliver
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Clearing organizations 21,106opy_FairValueEstimateNotPracticableReceivablesFromClearingOrganizations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
26,446opy_FairValueEstimateNotPracticableReceivablesFromClearingOrganizations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Omnibus accounts   18,086opy_FairValueEstimateNotPracticableOmnibusAccounts
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Other 1,993opy_FairValueEstimateNotPracticableOtherReceivablesFromBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
13,202opy_FairValueEstimateNotPracticableOtherReceivablesFromBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Total Receivable from brokers, dealers and clearing organizations 314,475opy_FairValueEstimateNotPracticableReceivablesFromBrokersDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
364,873opy_FairValueEstimateNotPracticableReceivablesFromBrokersDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Receivable from customers 864,189opy_FairValueEstimateNotPracticableReceivablesFromCustomers
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
868,869opy_FairValueEstimateNotPracticableReceivablesFromCustomers
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Securities purchased under agreements to resell 1,606us-gaap_SecuritiesPurchasedUnderAgreementsToResell
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
825us-gaap_SecuritiesPurchasedUnderAgreementsToResell
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Mortgage servicing rights 42,279opy_FairValueEstimateNotPracticableMortgageServicingRights
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
40,084opy_FairValueEstimateNotPracticableMortgageServicingRights
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Escrow deposit   25,006opy_FairValueEstimateNotPracticableEscrowDeposit
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
[2]
Fair Value Measurement Liabilities    
Financial Instruments Not Measured at Fair Value on Recurring Basis [Line items]    
Drafts payable 35,373opy_FairValueEstimateNotPracticableDraftsPayable
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
48,198opy_FairValueEstimateNotPracticableDraftsPayable
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Bank call loans 59,400opy_FairValueEstimateNotPracticableBankLoans
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
118,200opy_FairValueEstimateNotPracticableBankLoans
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Securities loaned 137,892opy_FairValueEstimateNotPracticableDepositsReceivedForSecuritiesLoaned
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
211,621opy_FairValueEstimateNotPracticableDepositsReceivedForSecuritiesLoaned
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Securities failed to receive 23,573opy_FairValueEstimateNotPracticableSecuritiesFailedToReceive
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
5,346opy_FairValueEstimateNotPracticableSecuritiesFailedToReceive
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Clearing organizations and other 95,696opy_FairValueEstimateNotPracticableOtherPayablesToBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
6,348opy_FairValueEstimateNotPracticableOtherPayablesToBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Total payables to brokers, dealers and clearing organizations 257,161opy_FairValueEstimateNotPracticablePayablesToBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
223,315opy_FairValueEstimateNotPracticablePayablesToBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Payables to customers 652,256opy_FairValueEstimateNotPracticablePayablesToCustomers
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
626,564opy_FairValueEstimateNotPracticablePayablesToCustomers
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Securities sold under agreements to repurchase 687,440us-gaap_FairValueEstimateNotPracticableSecuritiesLoanedOrSoldUnderAgreementsToRepurchase
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
757,491us-gaap_FairValueEstimateNotPracticableSecuritiesLoanedOrSoldUnderAgreementsToRepurchase
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Warehouse payable 16,683opy_FairValueEstimateNotPracticableWarehousePayable
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
[3] 54,614opy_FairValueEstimateNotPracticableWarehousePayable
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
[4]
Payable to third party   25,006opy_FairValueEstimateNotPracticablePayableToThirdParty
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
[5]
Senior secured notes 157,782us-gaap_FairValueEstimateNotPracticableSeniorDebtObligations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
208,529us-gaap_FairValueEstimateNotPracticableSeniorDebtObligations
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Level 1 | Fair Value Measurement Assets    
Financial Instruments Not Measured at Fair Value on Recurring Basis [Line items]    
Cash 32,632us-gaap_FairValueEstimateNotPracticableCashAndCashEquivalents
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
38,026us-gaap_FairValueEstimateNotPracticableCashAndCashEquivalents
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Cash segregated for regulatory and other purposes 18,594opy_FairValueEstimateNotPracticableCashAndSecuritiesSegregatedUnderFederalAndOtherRegulations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
24,828opy_FairValueEstimateNotPracticableCashAndSecuritiesSegregatedUnderFederalAndOtherRegulations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Deposits with clearing organization 12,322opy_FairValueEstimateNotPracticableDepositsWithClearingOrganizations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
13,187opy_FairValueEstimateNotPracticableDepositsWithClearingOrganizations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Securities purchased under agreements to resell 1,606us-gaap_SecuritiesPurchasedUnderAgreementsToResell
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
825us-gaap_SecuritiesPurchasedUnderAgreementsToResell
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Escrow deposit   25,006opy_FairValueEstimateNotPracticableEscrowDeposit
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
[2]
Level 1 | Fair Value Measurement Liabilities    
Financial Instruments Not Measured at Fair Value on Recurring Basis [Line items]    
Drafts payable 35,373opy_FairValueEstimateNotPracticableDraftsPayable
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
48,198opy_FairValueEstimateNotPracticableDraftsPayable
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Bank call loans 59,400opy_FairValueEstimateNotPracticableBankLoans
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
118,200opy_FairValueEstimateNotPracticableBankLoans
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Payable to third party   25,006opy_FairValueEstimateNotPracticablePayableToThirdParty
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
[5]
Level 2    
Financial Instruments Not Measured at Fair Value on Recurring Basis [Line items]    
Fair value of the reverse repurchase agreements 250,000opy_FairValueOfSecuritiesReverseRepurchaseAgreement
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
[1] 184,000opy_FairValueOfSecuritiesReverseRepurchaseAgreement
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
[1]
Level 2 | Fair Value Measurement Assets    
Financial Instruments Not Measured at Fair Value on Recurring Basis [Line items]    
Securities borrowed 242,172opy_FairValueEstimateNotPracticableDepositsPaidForSecuritiesBorrowed
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
274,127opy_FairValueEstimateNotPracticableDepositsPaidForSecuritiesBorrowed
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Receivables from brokers 38,149opy_FairValueEstimateNotPracticableDueFromCorrespondentBrokers
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
23,384opy_FairValueEstimateNotPracticableDueFromCorrespondentBrokers
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Securities failed to deliver 11,055opy_FairValueEstimateNotPracticableSecuritiesFailedToDeliver
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
9,628opy_FairValueEstimateNotPracticableSecuritiesFailedToDeliver
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Clearing organizations 21,106opy_FairValueEstimateNotPracticableReceivablesFromClearingOrganizations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
26,446opy_FairValueEstimateNotPracticableReceivablesFromClearingOrganizations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Omnibus accounts   18,086opy_FairValueEstimateNotPracticableOmnibusAccounts
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Other 1,993opy_FairValueEstimateNotPracticableOtherReceivablesFromBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
13,202opy_FairValueEstimateNotPracticableOtherReceivablesFromBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Total Receivable from brokers, dealers and clearing organizations 314,475opy_FairValueEstimateNotPracticableReceivablesFromBrokersDealersAndClearingOrganizations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
364,873opy_FairValueEstimateNotPracticableReceivablesFromBrokersDealersAndClearingOrganizations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Receivable from customers 864,189opy_FairValueEstimateNotPracticableReceivablesFromCustomers
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
868,869opy_FairValueEstimateNotPracticableReceivablesFromCustomers
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Level 2 | Fair Value Measurement Liabilities    
Financial Instruments Not Measured at Fair Value on Recurring Basis [Line items]    
Securities loaned 137,892opy_FairValueEstimateNotPracticableDepositsReceivedForSecuritiesLoaned
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
211,621opy_FairValueEstimateNotPracticableDepositsReceivedForSecuritiesLoaned
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Securities failed to receive 23,573opy_FairValueEstimateNotPracticableSecuritiesFailedToReceive
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
5,346opy_FairValueEstimateNotPracticableSecuritiesFailedToReceive
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Clearing organizations and other 95,696opy_FairValueEstimateNotPracticableOtherPayablesToBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
6,348opy_FairValueEstimateNotPracticableOtherPayablesToBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Total payables to brokers, dealers and clearing organizations 257,161opy_FairValueEstimateNotPracticablePayablesToBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
223,315opy_FairValueEstimateNotPracticablePayablesToBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Payables to customers 652,256opy_FairValueEstimateNotPracticablePayablesToCustomers
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
626,564opy_FairValueEstimateNotPracticablePayablesToCustomers
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Securities sold under agreements to repurchase 687,440us-gaap_FairValueEstimateNotPracticableSecuritiesLoanedOrSoldUnderAgreementsToRepurchase
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
757,491us-gaap_FairValueEstimateNotPracticableSecuritiesLoanedOrSoldUnderAgreementsToRepurchase
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Warehouse payable 16,683opy_FairValueEstimateNotPracticableWarehousePayable
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
[3] 54,614opy_FairValueEstimateNotPracticableWarehousePayable
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
[4]
Senior secured notes 157,782us-gaap_FairValueEstimateNotPracticableSeniorDebtObligations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
208,529us-gaap_FairValueEstimateNotPracticableSeniorDebtObligations
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Level 3 | Fair Value Measurement Assets    
Financial Instruments Not Measured at Fair Value on Recurring Basis [Line items]    
Mortgage servicing rights 42,279opy_FairValueEstimateNotPracticableMortgageServicingRights
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
40,084opy_FairValueEstimateNotPracticableMortgageServicingRights
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Carrying Value | Fair Value Measurement Assets    
Financial Instruments Not Measured at Fair Value on Recurring Basis [Line items]    
Cash 32,632us-gaap_FairValueEstimateNotPracticableCashAndCashEquivalents
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
38,026us-gaap_FairValueEstimateNotPracticableCashAndCashEquivalents
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Cash segregated for regulatory and other purposes 18,594opy_FairValueEstimateNotPracticableCashAndSecuritiesSegregatedUnderFederalAndOtherRegulations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
24,828opy_FairValueEstimateNotPracticableCashAndSecuritiesSegregatedUnderFederalAndOtherRegulations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Deposits with clearing organization 12,322opy_FairValueEstimateNotPracticableDepositsWithClearingOrganizations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
13,187opy_FairValueEstimateNotPracticableDepositsWithClearingOrganizations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Securities borrowed 242,172opy_FairValueEstimateNotPracticableDepositsPaidForSecuritiesBorrowed
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
274,127opy_FairValueEstimateNotPracticableDepositsPaidForSecuritiesBorrowed
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Receivables from brokers 38,149opy_FairValueEstimateNotPracticableDueFromCorrespondentBrokers
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
23,384opy_FairValueEstimateNotPracticableDueFromCorrespondentBrokers
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Securities failed to deliver 11,055opy_FairValueEstimateNotPracticableSecuritiesFailedToDeliver
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
9,628opy_FairValueEstimateNotPracticableSecuritiesFailedToDeliver
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Clearing organizations 21,106opy_FairValueEstimateNotPracticableReceivablesFromClearingOrganizations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
26,446opy_FairValueEstimateNotPracticableReceivablesFromClearingOrganizations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Omnibus accounts   18,086opy_FairValueEstimateNotPracticableOmnibusAccounts
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Other 1,993opy_FairValueEstimateNotPracticableOtherReceivablesFromBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
13,202opy_FairValueEstimateNotPracticableOtherReceivablesFromBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Total Receivable from brokers, dealers and clearing organizations 314,475opy_FairValueEstimateNotPracticableReceivablesFromBrokersDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
364,873opy_FairValueEstimateNotPracticableReceivablesFromBrokersDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Receivable from customers 864,189opy_FairValueEstimateNotPracticableReceivablesFromCustomers
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
868,869opy_FairValueEstimateNotPracticableReceivablesFromCustomers
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Securities purchased under agreements to resell 1,606us-gaap_SecuritiesPurchasedUnderAgreementsToResell
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
825us-gaap_SecuritiesPurchasedUnderAgreementsToResell
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Mortgage servicing rights 30,140opy_FairValueEstimateNotPracticableMortgageServicingRights
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
28,879opy_FairValueEstimateNotPracticableMortgageServicingRights
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
Escrow deposit   25,006opy_FairValueEstimateNotPracticableEscrowDeposit
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialAssetNotMeasuredOnRecurringBasisMember
[2]
Carrying Value | Fair Value Measurement Liabilities    
Financial Instruments Not Measured at Fair Value on Recurring Basis [Line items]    
Drafts payable 35,373opy_FairValueEstimateNotPracticableDraftsPayable
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
48,198opy_FairValueEstimateNotPracticableDraftsPayable
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Bank call loans 59,400opy_FairValueEstimateNotPracticableBankLoans
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
118,200opy_FairValueEstimateNotPracticableBankLoans
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Securities loaned 137,892opy_FairValueEstimateNotPracticableDepositsReceivedForSecuritiesLoaned
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
211,621opy_FairValueEstimateNotPracticableDepositsReceivedForSecuritiesLoaned
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Securities failed to receive 23,573opy_FairValueEstimateNotPracticableSecuritiesFailedToReceive
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
5,346opy_FairValueEstimateNotPracticableSecuritiesFailedToReceive
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Clearing organizations and other 95,696opy_FairValueEstimateNotPracticableOtherPayablesToBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
6,348opy_FairValueEstimateNotPracticableOtherPayablesToBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Total payables to brokers, dealers and clearing organizations 257,161opy_FairValueEstimateNotPracticablePayablesToBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
223,315opy_FairValueEstimateNotPracticablePayablesToBrokerDealersAndClearingOrganizations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Payables to customers 652,256opy_FairValueEstimateNotPracticablePayablesToCustomers
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
626,564opy_FairValueEstimateNotPracticablePayablesToCustomers
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Securities sold under agreements to repurchase 687,440us-gaap_FairValueEstimateNotPracticableSecuritiesLoanedOrSoldUnderAgreementsToRepurchase
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
757,491us-gaap_FairValueEstimateNotPracticableSecuritiesLoanedOrSoldUnderAgreementsToRepurchase
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
Warehouse payable 16,683opy_FairValueEstimateNotPracticableWarehousePayable
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
[3] 54,614opy_FairValueEstimateNotPracticableWarehousePayable
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
[4]
Payable to third party   25,006opy_FairValueEstimateNotPracticablePayableToThirdParty
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
[5]
Senior secured notes $ 150,000us-gaap_FairValueEstimateNotPracticableSeniorDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
$ 195,000us-gaap_FairValueEstimateNotPracticableSeniorDebtObligations
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= opy_FinancialLiabilityNotMeasuredOnRecurringBasisMember
[1] Included in securities purchased under agreements to resell where the Company has elected fair value option treatment.
[2] Included in other assets on the consolidated balance sheet. Represents escrow monies deposited with a commercial bank. Corresponds with payable to third party in accounts payable and other liabilities on the consolidated balance sheet (see note 3 below).
[3] ncluded in accounts payable and other liabilities on the consolidated balance sheet and cash flows from operating activities on the consolidated statement of cash flows. Warehouse payable represents the warehouse line amount outstanding with the third-party commercial bank. The borrowing rates on the warehouse facility is based upon a variable interest rate of 1-month LIBOR plus a spread. The Company earns a spread between the interest earned on the loans originated by the Company and the interest incurred on amounts drawn from the warehouse facility. The warehouse facility is used in connection with funding loans held for sale which is included in other assets on the consolidated balance sheet and cash flows from operating activities on the consolidated statement of cash flows.
[4] Included in accounts payable and other liabilities on the consolidated balance sheet and cash flows from operating activities on the consolidated statement of cash flows. Warehouse payable represents the warehouse line amount outstanding with the third-party commercial bank. The borrowing rates on the warehouse facility is based upon a variable interest rate of 1-month LIBOR plus a spread. The Company earns a spread between the interest earned on the loans originated by the Company and the interest incurred on amounts drawn from the warehouse facility. The warehouse facility is used in connection with funding loans held for sale which is included in other assets on the consolidated balance sheet and cash flows from operating activities on the consolidated statement of cash flows.
[5] Corresponds with escrow deposit in other assets on the consolidated balance sheet (see note 1 above).