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v3.7.0.1

Segment Information - Financial Information by Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
Segment Reporting Information [Line Items] |  |  |  |
Interest income | $ 59,224 | $ 66,787 | $ 113,852 | $ 129,115
Interest expense | (24,234) | (22,444) | (45,265) | (46,394)
Net Interest Income | 34,990 | 44,343 | 68,587 | 82,721
Reversal of provision for loan losses | 0 | 6,532 | 0 | 6,243
Non-interest Income |  |  |  |
Mortgage banking activities, net | 12,046 | 7,728 | 29,650 | 14,946
MSR income, net | 2,778 | 2,783 | 4,491 | 9,064
Investment fair value changes, net | 8,115 | (11,066) | 9,666 | (30,604)
Other income | 986 | 1,559 | 2,170 | 2,514
Realized gains, net | 1,372 | 9,884 | 7,075 | 19,422
Total non-interest income, net | 25,297 | 10,888 | 53,052 | 15,342
Direct operating expenses | (18,641) | (20,155) | (36,867) | (50,607)
Provision for income taxes | (5,322) | (327) | (11,479) | (355)
Net Income | 36,324 | 41,281 | 73,293 | 53,344
Non-cash amortization income (expense) | 4,423 | 5,296 | 9,246 | 12,315
Operating Segments | Investment Portfolio |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Interest income | 45,833 | 54,046 | 88,083 | 102,809
Interest expense | (7,231) | (6,159) | (12,495) | (13,666)
Net Interest Income | 38,602 | 47,887 | 75,588 | 89,143
Reversal of provision for loan losses |  | 6,532 |  | 6,243
Non-interest Income |  |  |  |
Mortgage banking activities, net | 0 | 0 | 0 | 0
MSR income, net | 2,778 | 2,783 | 4,491 | 9,064
Investment fair value changes, net | 9,115 | (10,779) | 12,474 | (28,681)
Other income | 986 | 1,559 | 2,170 | 2,514
Realized gains, net | 2,124 | 9,884 | 7,827 | 19,130
Total non-interest income, net | 15,003 | 3,447 | 26,962 | 2,027
Direct operating expenses | (1,454) | (2,827) | (3,047) | (4,938)
Provision for income taxes | (2,320) | (327) | (4,057) | (355)
Net Income | 49,831 | 54,712 | 95,446 | 92,120
Non-cash amortization income (expense) | 5,194 | 6,332 | 11,041 | 14,384
Operating Segments | Residential Mortgage Banking |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Interest income | 8,415 | 7,910 | 15,889 | 15,779
Interest expense | (4,403) | (3,604) | (7,327) | (6,893)
Net Interest Income | 4,012 | 4,306 | 8,562 | 8,886
Reversal of provision for loan losses |  | 0 |  | 0
Non-interest Income |  |  |  |
Mortgage banking activities, net | 12,046 | 7,728 | 29,650 | 17,008
MSR income, net | 0 | 0 | 0 | 0
Investment fair value changes, net | 0 | 0 | 0 | 0
Other income | 0 | 0 | 0 | 0
Realized gains, net | 0 | 0 | 0 | 0
Total non-interest income, net | 12,046 | 7,728 | 29,650 | 17,008
Direct operating expenses | (6,021) | (6,047) | (11,902) | (11,368)
Provision for income taxes | (3,002) | 0 | (7,422) | 0
Net Income | 7,035 | 5,987 | 18,888 | 14,526
Non-cash amortization income (expense) | (27) | (31) | (54) | (74)
Corporate/Other |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Interest income | 4,976 | 4,831 | 9,880 | 10,527
Interest expense | (12,600) | (12,681) | (25,443) | (25,835)
Net Interest Income | (7,624) | (7,850) | (15,563) | (15,308)
Reversal of provision for loan losses |  | 0 |  | 0
Non-interest Income |  |  |  |
Mortgage banking activities, net | 0 | 0 | 0 | (2,062)
MSR income, net | 0 | 0 | 0 | 0
Investment fair value changes, net | (1,000) | (287) | (2,808) | (1,923)
Other income | 0 | 0 | 0 | 0
Realized gains, net | (752) | 0 | (752) | 292
Total non-interest income, net | (1,752) | (287) | (3,560) | (3,693)
Direct operating expenses | (11,166) | (11,281) | (21,918) | (34,301)
Provision for income taxes | 0 | 0 | 0 | 0
Net Income | (20,542) | (19,418) | (41,041) | (53,302)
Non-cash amortization income (expense) | $ (744) | $ (1,005) | $ (1,741) | $ (1,995)

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