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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The notional amount and fair value of IRLCs and forward contracts utilized by the Company were as follows:
 
 
December 31, 2015
 
December 31, 2014
 
 
Notional
Amount
 
Fair
Value
 
Notional
Amount
 
Fair
Value
Asset Derivatives
 
 

 
 

 
 

 
 

Derivatives not designated as hedging instruments
 
 

 
 

 
 

 
 

IRLCs
 
$
28,444

 
$
582

 
$
29,967

 
$
521

Forward contracts
 
42,743

 
30

 

 

 
 
 
 
 
 
 
 
 
Liability Derivatives
 
 
 
 
 
 
 
 
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
Forward contracts
 
$

 
$

 
$
55,102

 
$
(405
)
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 consolidated statements of income for the twelve months ended December 31, 2015, 2014, and 2013 were as follows: 
 
 
Amount of gain / (loss) recognized in the twelve months ended
 
 
December 31, 2015
 
December 31, 2014
 
December 31, 2013
Asset Derivatives
 
 

 
 

 
 
Derivatives not designated as hedging instruments
 
 

 
 

 
 

IRLCs
 
$
61

 
$
442

 
$
79

Forward contracts
 
435

 

 
227

 
 
 
 
 
 
 
Liability Derivatives
 
 

 
 

 
 
Derivatives not designated as hedging instruments
 
 

 
 

 
 
Forward contracts
 
$

 
$
(632
)
 
$