XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Fair Value of Financial Instruments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2016
Fair Value Disclosures [Abstract] |
Carrying Values and Fair Values of Assets and Liabilities | The following table presents the carrying values and estimated fair values of assets and liabilities that are required to be recorded or disclosed at fair value at September 30, 2016 and December 31, 2015. Table 5.1 – Carrying Values and Fair Values of Assets and Liabilities
|  | September 30, 2016 |  | December 31, 2015
|  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
(In Thousands) |  |  |  |
Assets |  |  |  |  |  |  |  |
Residential loans, held-for-sale |  |  |  |  |  |  |  |
At fair value |  | $ | 1,187,240 |  |  | $ | 1,187,240 |  |  | $ | 1,114,305 |  |  | $ | 1,114,305 |
At lower of cost or fair value |  | 1,274 |  |  | 1,459 |  |  | 1,433 |  |  | 1,635 |
Residential loans, held-for-investment |  |  |  |  |  |  |  |
At fair value |  | 3,122,650 |  |  | 3,122,650 |  |  | 2,813,065 |  |  | 2,813,065 |
Commercial loans, held-for-sale |  |  |  |  |  |  |  |
At fair value |  | — |  |  | — |  |  | 39,141 |  |  | 39,141 |
At lower of cost or fair value |  | 30,400 |  |  | 32,239 |  |  | — |  |  | — |
Commercial loans, held-for-investment |  |  |  |  |  |  |  |
At fair value |  | — |  |  | — |  |  | 67,657 |  |  | 67,657 |
At amortized cost |  | — |  |  | — |  |  | 295,849 |  |  | 300,824 |
Trading securities |  | 341,269 |  |  | 341,269 |  |  | 404,011 |  |  | 404,011 |
Available-for-sale securities |  | 595,641 |  |  | 595,641 |  |  | 829,245 |  |  | 829,245 |
MSRs |  | 106,009 |  |  | 106,009 |  |  | 191,976 |  |  | 191,976 |
Cash and cash equivalents |  | 221,372 |  |  | 221,372 |  |  | 220,229 |  |  | 220,229 |
Restricted cash |  | 2,044 |  |  | 2,044 |  |  | 5,567 |  |  | 5,567 |
Accrued interest receivable |  | 20,054 |  |  | 20,054 |  |  | 23,290 |  |  | 23,290 |
Derivative assets |  | 36,880 |  |  | 36,880 |  |  | 16,393 |  |  | 16,393 |
REO (1) |  | 6,245 |  |  | 6,342 |  |  | 4,896 |  |  | 5,282 |
Margin receivable (1) |  | 96,650 |  |  | 96,650 |  |  | 83,191 |  |  | 83,191 |
FHLBC stock (1) |  | 43,393 |  |  | 43,393 |  |  | 34,437 |  |  | 34,437 |
Guarantee asset (1) |  | 3,627 |  |  | 3,627 |  |  | 5,697 |  |  | 5,697 |
Pledged collateral (1) |  | 43,802 |  |  | 43,802 |  |  | 53,600 |  |  | 53,600 |
Liabilities |  |  |  |  |  |  |  |
Short-term debt |  | $ | 1,117,405 |  |  | $ | 1,117,405 |  |  | $ | 1,855,003 |  |  | $ | 1,855,003 |
Accrued interest payable |  | 15,518 |  |  | 15,518 |  |  | 8,936 |  |  | 8,936 |
Margin payable |  | 13,313 |  |  | 13,313 |  |  | 6,415 |  |  | 6,415 |
Guarantee obligation |  | 23,011 |  |  | 21,968 |  |  | 22,704 |  |  | 22,702 |
Derivative liabilities |  | 100,117 |  |  | 100,117 |  |  | 62,794 |  |  | 62,794 |
ABS issued, net (2) |  |  |  |  |  |  |  |
Fair value |  | 819,868 |  |  | 819,868 |  |  | 996,820 |  |  | 996,820 |
Amortized cost |  | — |  |  | — |  |  | 52,595 |  |  | 53,137 |
FHLBC long-term borrowings |  | 1,999,999 |  |  | 1,999,999 |  |  | 1,343,023 |  |  | 1,343,023 |
Commercial secured borrowings |  | — |  |  | — |  |  | 63,152 |  |  | 63,152 |
Convertible notes, net (2) |  | 481,396 |  |  | 496,719 |  |  | 483,119 |  |  | 461,053 |
Trust preferred securities and subordinated notes, net (2) |  | 138,478 |  |  | 83,700 |  |  | 138,443 |  |  | 83,700 |
(1) | These assets are included in other assets on our consolidated balance sheets.
(2) | On January 1, 2016, we adopted ASU 2015-03 and began to present ABS issued, convertible notes, and trust preferred securities and subordinated notes, each net of deferred debt issuance costs. See Note 3 for further discussion.
Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table presents the assets and liabilities that are reported at fair value on our consolidated balance sheets on a recurring basis at September 30, 2016 and December 31, 2015, as well as the fair value hierarchy of the valuation inputs used to measure fair value. Table 5.2 – Assets and Liabilities Measured at Fair Value on a Recurring Basis
September 30, 2016 |  | Carrying Value |  | Fair Value Measurements Using
(In Thousands) |  |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |  |
Residential loans |  | $ | 4,309,890 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,309,890 |
Trading securities |  | 341,269 |  |  | — |  |  | — |  |  | 341,269 |
Available-for-sale securities |  | 595,641 |  |  | — |  |  | — |  |  | 595,641 |
Derivative assets |  | 36,880 |  |  | 1,771 |  |  | 29,073 |  |  | 6,036 |
MSRs |  | 106,009 |  |  | — |  |  | — |  |  | 106,009 |
Pledged collateral |  | 43,802 |  |  | 43,802 |  |  | — |  |  | — |
FHLBC stock |  | 43,393 |  |  | — |  |  | 43,393 |  |  | — |
Guarantee asset |  | 3,627 |  |  | — |  |  | — |  |  | 3,627 |
Liabilities |  |  |  |  |  |  |  |  |
Derivative liabilities |  | $ | 100,117 |  |  | $ | 4,389 |  |  | $ | 95,171 |  |  | $ | 557 |
ABS issued |  | 819,868 |  |  | — |  |  | — |  |  | 819,868 |
December 31, 2015 |  | Carrying Value |  | Fair Value Measurements Using
(In Thousands) |  |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |  |
Residential loans |  | $ | 3,927,370 |  |  | $ | — |  |  | $ | 129,819 |  |  | $ | 3,797,551 |
Commercial loans |  | 106,798 |  |  | — |  |  | — |  |  | 106,798 |
Trading securities |  | 404,011 |  |  | — |  |  | — |  |  | 404,011 |
Available-for-sale securities |  | 829,245 |  |  | — |  |  | — |  |  | 829,245 |
Derivative assets |  | 16,393 |  |  | 2,734 |  |  | 8,988 |  |  | 4,671 |
MSRs |  | 191,976 |  |  | — |  |  | — |  |  | 191,976 |
Pledged collateral |  | 53,600 |  |  | 53,600 |  |  | — |  |  | — |
FHLBC stock |  | 34,437 |  |  | — |  |  | 34,437 |  |  | — |
Guarantee asset |  | 5,697 |  |  | — |  |  | — |  |  | 5,697 |
Liabilities |  |  |  |  |  |  |  |
Derivative liabilities |  | $ | 62,794 |  |  | $ | 2,963 |  |  | $ | 58,368 |  |  | $ | 1,463 |
Commercial secured borrowings |  | 63,152 |  |  | — |  |  | — |  |  | 63,152 |
ABS issued |  | 996,820 |  |  | — |  |  | — |  |  | 996,820 |
Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table presents additional information about Level 3 assets and liabilities measured at fair value on a recurring basis for the nine months ended September 30, 2016. Table 5.3 – Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis
| Assets |  | Liabilities
| Residential Loans |  | Commercial Loans |  | Trading Securities |  | AFS Securities |  | MSRs |  | Guarantee Asset |  | Derivatives(1) |  | Commercial Secured Borrowings |  | ABS Issued
(In Thousands) |  |  |  |  |  |  |
Beginning balance - December 31, 2015 | $ | 3,797,551 |  |  | $ | 106,798 |  |  | $ | 404,011 |  |  | $ | 829,245 |  |  | $ | 191,976 |  |  | $ | 5,697 |  |  | $ | 3,208 |  |  | $ | 63,152 |  |  | $ | 996,820 |
Acquisitions | 3,615,003 |  |  | 37,625 |  |  | 187,149 |  |  | 28,888 |  |  | 22,941 |  |  | — |  |  | — |  |  | — |  |  | — |
Sales | (2,544,595 | ) |  | (81,523 | ) |  | (241,208 | ) |  | (241,232 | ) |  | (38,419 | ) |  | — |  |  | — |  |  | — |  |  | — |
Principal paydowns | (569,591 | ) |  | (476 | ) |  | (13,591 | ) |  | (47,387 | ) |  | — |  |  | — |  |  | — |  |  | (306 | ) |  | (155,662 | )
Gains (losses) in net income, net | 13,126 |  |  | 2,791 |  |  | 4,908 |  |  | 41,537 |  |  | (70,489 | ) |  | (2,070 | ) |  | 41,110 |  |  | 2,369 |  |  | (14,419 | )
Unrealized losses in OCI, net | — |  |  | — |  |  | — |  |  | (15,410 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other settlements, net (2) | (1,604 | ) |  | (65,215 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (38,839 | ) |  | (65,215 | ) |  | (6,871 | )
Ending Balance - September 30, 2016 | $ | 4,309,890 |  |  | $ | — |  |  | $ | 341,269 |  |  | $ | 595,641 |  |  | $ | 106,009 |  |  | $ | 3,627 |  |  | $ | 5,479 |  |  | $ | — |  |  | $ | 819,868 |
(1) | For the purpose of this presentation, derivative assets and liabilities, which consist of loan purchase commitments, are presented on a net basis.
(2) | Other settlements, net for derivatives represents the transfer of the fair value of loan purchase commitments at the time loans are acquired to the basis of residential loans. For commercial secured borrowings, the reduction represents the derecognition of our commercial secured borrowings and related commercial A-note investments upon sale of the associated B-notes.
Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held and Included in Net Income | The following table presents the portion of gains or losses included in our consolidated statements of income that were attributable to Level 3 assets and liabilities recorded at fair value on a recurring basis and held at September 30, 2016 and 2015. Gains or losses incurred on assets or liabilities sold, matured, called, or fully written down during the three and nine months ended September 30, 2016 and 2015 are not included in this presentation. Table 5.4 – Portion of Net Gains (Losses) Attributable to Level 3 Assets and Liabilities Still Held at September 30, 2016 and 2015 Included in Net Income
|  | Included in Net Income
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In Thousands) |  | 2016 |  | 2015 |  | 2016 |  | 2015
Assets |  |  |  |  |  |  |  |
Residential loans at Redwood |  | $ | 3,818 |  |  | $ | 16,451 |  |  | $ | 32,202 |  |  | $ | 12,115 |
Residential loans at consolidated Sequoia entities |  | 9,200 |  |  | (419 | ) |  | (18,864 | ) |  | 4,912 |
Commercial loans |  | — |  |  | 3,175 |  |  | — |  |  | 1,971 |
Trading securities |  | 8,646 |  |  | (8,298 | ) |  | 978 |  |  | (13,274 | )
Available-for-sale securities |  | — |  |  | (226 | ) |  | (305 | ) |  | (226 | )
MSRs |  | 6,549 |  |  | (25,523 | ) |  | (36,738 | ) |  | (15,989 | )
Loan purchase commitments |  | 5,381 |  |  | — |  |  | 5,896 |  |  | — |
Other assets - Guarantee asset |  | 307 |  |  | (1,098 | ) |  | (2,070 | ) |  | (1,799 | )
Liabilities |  |  |  |  |  |  |  |
Loan purchase commitments |  | $ | — |  |  | $ | 9,736 |  |  | $ | — |  |  | $ | 9,806 |
Commercial secured borrowing |  | — |  |  | (454 | ) |  | — |  |  | 750 |
ABS issued |  | 10,522 |  |  | 300 |  |  | (14,419 | ) |  | (6,198 | )
Assets and Liabilities Measured at Fair Value on Non-Recurring Basis | The following table presents information on assets recorded at fair value on a non-recurring basis at September 30, 2016. This table does not include the carrying value and gains or losses associated with the asset types below that were not recorded at fair value on our consolidated balance sheet at September 30, 2016. Table 5.5 – Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis at September 30, 2016
|  |  |  |  |  |  |  |  |  | Gain (Loss) for
September 30, 2016 |  | Carrying Value |  | Fair Value Measurements Using |  | Three Months Ended |  | Nine Months Ended
(In Thousands) |  |  | Level 1 |  | Level 2 |  | Level 3 |  | September 30, 2016 |  | September 30, 2016
Assets |  |  |  |  |  |  |  |  |  |  |  |
Residential loans, at lower of cost or fair value |  | $ | 954 |  |  | $ | — |  |  | $ | — |  |  | $ | 954 |  |  | $ | 3 |  |  | $ | 36 |
Commercial loans, at lower of cost or fair value |  | 2,700 |  |  | — |  |  | — |  |  | 2,700 |  |  | (300 | ) |  | (300 | )
REO |  | 1,989 |  |  | — |  |  | — |  |  | 1,989 |  |  | (139 | ) |  | (351 | )
Market Valuation Gains and Losses, Net | The following table presents the net market valuation gains and losses recorded in each line item of our consolidated statements of income for the three and nine months ended September 30, 2016 and 2015. Table 5.6 – Market Valuation Gains and Losses, Net
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In Thousands) |  | 2016 |  | 2015 |  | 2016 |  | 2015
Mortgage Banking Activities, Net |  |  |  |  |  |  |  |
Residential loans held-for-sale, at fair value |  | $ | 650 |  |  | $ | 11,010 |  |  | $ | 11,948 |  |  | $ | 9,892 |
Residential loan purchase and forward sale commitments |  | 12,021 |  |  | 25,173 |  |  | 35,508 |  |  | 44,482 |
Commercial loans, at fair value (1) |  | — |  |  | 3,974 |  |  | 433 |  |  | 10,819 |
Sequoia securities |  | — |  |  | — |  |  | 1,455 |  |  | (14,359 | )
Risk management derivatives, net |  | (3,287 | ) |  | (40,110 | ) |  | (25,281 | ) |  | (43,674 | )
Total mortgage banking activities, net (2) |  | $ | 9,384 |  |  | $ | 47 |  |  | $ | 24,063 |  |  | $ | 7,160 |
Investment Fair Value Changes, Net |  |  |  |  |  |  |  |
Residential loans held-for-investment at Redwood |  | $ | (655 | ) |  | $ | 9,077 |  |  | $ | 22,161 |  |  | $ | 5,170 |
Trading securities |  | 8,898 |  |  | (8,784 | ) |  | 3,728 |  |  | (1,587 | )
Valuation adjustments on commercial loans held-for-sale |  | (307 | ) |  | — |  |  | (307 | ) |  | — |
Net investments in consolidated Sequoia entities |  | (255 | ) |  | (500 | ) |  | (2,086 | ) |  | (2,277 | )
Risk sharing investments |  | 15 |  |  | (1,098 | ) |  | (689 | ) |  | (1,799 | )
Risk management derivatives, net |  | 4,222 |  |  | (12,638 | ) |  | (41,188 | ) |  | (16,386 | )
Impairments on AFS securities |  | — |  |  | (226 | ) |  | (305 | ) |  | (226 | )
Total investment fair value changes, net |  | $ | 11,918 |  |  | $ | (14,169 | ) |  | $ | (18,686 | ) |  | $ | (17,105 | )
MSR Income (Loss), Net |  |  |  |  |  |  |  |
MSRs |  | $ | 1,380 |  |  | $ | (28,496 | ) |  | $ | (70,489 | ) |  | $ | (32,337 | )
Risk management derivatives, net |  | (6,336 | ) |  | 23,551 |  |  | 55,874 |  |  | 1,736 |
Total MSR loss, net (3) |  | $ | (4,956 | ) |  | $ | (4,945 | ) |  | $ | (14,615 | ) |  | $ | (30,601 | )
Total Market Valuation Gains (Losses), Net |  | $ | 16,346 |  |  | $ | (19,067 | ) |  | $ | (9,238 | ) |  | $ | (40,546 | )
(1) | Commercial loans at fair value does not include commercial A-notes, which were sold in 2014, but did not qualify for sale treatment under GAAP. The market valuation gains and losses on the commercial A-notes and associated commercial secured borrowings net to zero in each period presented.
(2) | Mortgage banking activities, net presented above does not include fee income or provisions for repurchases that are components of Mortgage banking activities, net presented on our consolidated statements of income, as these amounts do not represent market valuation changes.
(3) | MSR income (loss), net presented above does not include net fee income or provisions for repurchases that are components of MSR income (loss), net on our consolidated statements of income, as these amounts do not represent market valuation adjustments. In addition, we did not specifically identify derivatives used to hedge MSRs in the first quarter of 2015. See Note 2 for additional detail.
Quantitative Information about Significant Unobservable Inputs Used in Valuation of Level 3 Assets and Liabilities Measured at Fair Value | The following table provides quantitative information about the significant unobservable inputs used in the valuation of our Level 3 assets and liabilities measured at fair value. Table 5.7 – Fair Value Methodology for Level 3 Financial Instruments
September 30, 2016 |  | Fair Value |  |  |  | Input Values
(Dollars in Thousands, except Input Values) |  |  | Unobservable Input |  | Range |  |  | Weighted Average
Assets |  |  |  |  |  |  |  |  |  |  |  |
Residential loans, at fair value: |  |  |  |  |  |  |  |  |  |  |  |
Jumbo fixed rate loans |  | $ | 2,404,070 |  |  | Whole loan spread to TBA price |  | $ | 3.04 |  | - | $ | 4.35 |  |  |  | $ | 4.31 |  |
|  |  |  | Whole loan spread to swap rate |  | 275 |  | - | 325 |  | bps |  | 324 |  | bps
Jumbo hybrid loans |  | 160,047 |  |  | Prepayment rate (annual CPR) |  | 15 |  | - | 15 |  | % |  | 15 |  | %
|  |  |  | Whole loan spread to swap rate |  | 130 |  | - | 275 |  | bps |  | 150 |  | bps
Jumbo loans committed to sell |  | 905,797 |  |  | Whole loan committed sales price |  | $ | 101.42 |  | - | $ | 103.08 |  |  |  | $ | 102.22 |  |
|  |  |  | IO multiple |  | 2.8 |  | - | 2.8 |  | x |  | 2.8 |  | x
|  |  |  | Prepayment rate (annual CPR) |  | 15 |  | - | 15 |  | % |  | 15 |  | %
|  |  |  | Senior spread to TBA price |  | $ | 2.13 |  | - | $ | 2.13 |  |  |  | $ | 2.13 |  |
|  |  |  | Subordinate spread to swap rate |  | 200 |  | - | 857 |  | bps |  | 313 |  | bps
|  |  |  | Credit support |  | 5 |  | - | 5 |  | % |  | 5 |  | %
Loans held by consolidated Sequoia entities (1) |  | 839,976 |  |  | Liability price |  |  |  | N/A |  |  |  | N/A |  |
Residential loans, at lower of cost or fair value |  | 954 |  |  | Loss severity |  | 15 |  | - | 30 |  | % |  | 17 |  | %
Trading and AFS securities |  | 936,910 |  |  | Discount rate |  | 5 |  | - | 12 |  | % |  | 7 |  | %
|  |  |  | Prepayment rate (annual CPR) |  | 1 |  | - | 41 |  | % |  | 18 |  | %
|  |  |  | Default rate |  | 0 |  | - | 35 |  | % |  | 2 |  | %
|  |  |  | Loss severity |  | 20 |  | - | 65 |  | % |  | 21 |  | %
|  |  |  | Credit support |  | 0 |  | - | 48 |  | % |  | 3 |  | %
MSRs |  | 106,009 |  |  | Discount rate |  | 11 |  | - | 11 |  | % |  | 11 |  | %
|  |  |  | Prepayment rate (annual CPR) |  | 9 |  | - | 25 |  | % |  | 18 |  | %
|  |  |  | Per loan annual cost to service |  | $ | 72 |  | - | $ | 82 |  |  |  | $ | 78 |  |
Guarantee asset |  | 3,627 |  |  | Discount rate |  | 11 |  | - | 11 |  | % |  | 11 |  | %
|  |  |  | Prepayment rate (annual CPR) |  | 18 |  | - | 18 |  | % |  | 18 |  | %
REO |  | 5,396 |  |  | Loss severity |  | 2 |  | - | 100 |  | % |  | 21 |  | %
Loan purchase commitments, net (2) |  | 5,479 |  |  | MSR multiple |  | 0.9 |  | - | 4.7 |  | x |  | 2.7 |  | x
|  |  |  | Fallout rate |  | 2 |  | - | 85 |  | % |  | 28 |  | %
|  |  |  | Whole loan spread to TBA price |  | $ | 3.04 |  | - | $ | 4.20 |  |  |  | $ | 4.16 |  |
|  |  |  | Whole loan spread to swap rate - fixed rate |  | 275 |  | - | 325 |  | bps |  | 324 |  | bps
|  |  |  | Prepayment rate (annual CPR) |  | 15 |  | - | 15 |  | % |  | 15 |  | %
|  |  |  | Whole loan spread to swap rate - hybrid |  | 130 |  | - | 275 |  | bps |  | 156 |  | bps
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
ABS issued |  | 819,868 |  |  | Discount rate |  | 5 |  | - | 9 |  | % |  | 5 |  | %
|  |  |  | Prepayment rate (annual CPR) |  | 2 |  | - | 20 |  | % |  | 15 |  | %
|  |  |  | Default rate |  | 1 |  | - | 12 |  | % |  | 7 |  | %
|  |  |  | Loss severity |  | 20 |  | - | 32 |  | % |  | 27 |  | %
|  |  |  | Credit support |  | 0 |  | - | 22 |  | % |  | 13 |  | %
Footnotes to Table 5.7
(1) | The fair value of the loans held by consolidated Sequoia entities was based on the fair value of the ABS issued by these entities, which we determined were more readily observable, in accordance with accounting guidance for collateralized financing entities.
(2) | For the purpose of this presentation, loan purchase commitment assets and liabilities are presented net.

X
- Definition Tabular disclosure for the total amount of market valuation adjustments for the period which are included in earnings. + References No definition available. + Details
Name: | rwt_ScheduleOfMarketValuationAdjustmentsIncludedInEarningsTableTextBlock
Namespace Prefix: | rwt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity. + 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)(1),(d) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19296-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + 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) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + 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 (bbb) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and 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 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration