Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

At March 31, 2014 and December 31, 2013 the notional amount and fair value of IRLCs and forward contracts utilized by the Company were as follows:



	March 31, 2014				December 31, 2013
	Notional Amount		Fair Value		Notional Amount		Fair Value
Asset Derivatives
Derivatives not designated as hedging instruments
IRLCs	$	18,658	$	170	$	20,752	$	79
Forward contracts	27,617		32		30,628		227

Schedule of Derivative Instruments in Statements of Income Fair Value

Fair values of derivative financial instruments were estimated using changes in mortgage interest rates from the date the Company entered into the IRLC and the balance sheet date. Periodic changes in the fair value of the derivative financial instruments on the condensed consolidated statements of income for the three month periods ended March 31, 2014 and 2013 were as follows:



	Amount of gain / (loss) recognized in the three months ended
	March 31, 2014			March 31, 2013
Asset Derivatives
Derivatives not designated as hedging instruments
IRLCs	$	91		$	—
Forward contracts	(195		)	—