Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Valuation of Financial Instruments that are Marked-To-Market on Recurring Basis

The following table summarizes the valuation of our financial instruments that are marked to fair value on a recurring basis.

	Fair Value Measurements on a Recurring Basis
	June 30, 2015										December 31, 2014
	Level 1		Level 2			Level 3		Total			Level 1		Level 2			Level 3		Total
Assets
Mortgage-backed securities	$	—	$	173,845		$	—	$	173,845		$	—	$	168,934		$	—	$	168,934
Derivative instruments	—		15,189			—		15,189			—		5,238			—		5,238
Total	$	—	$	189,034		$	—	$	189,034		$	—	$	174,172		$	—	$	174,172
Liabilities
Derivative instruments	$	—	$	(19,710	)	$	—	$	(19,710	)	$	—	$	(28,688	)	$	—	$	(28,688	)
Total	$	—	$	(19,710	)	$	—	$	(19,710	)	$	—	$	(28,688	)	$	—	$	(28,688	)

Fair Values of Financial Assets and Liabilities, Including Derivative Financial Instruments

The following table summarizes the fair values of our financial assets and liabilities, including derivative financial instruments.

	June 30, 2015						December 31, 2014
	Fair Value		Carrying Value		Difference		Fair Value		Carrying Value		Difference
Earning assets
Loans held for investment, net	$	11,435,475	$	10,422,908	$	1,012,567	$	10,228,399	$	9,509,786	$	718,613
Cash and cash equivalents	1,278,863		1,278,863		—		2,359,780		2,359,780		—
Available for sale investments	173,845		173,845		—		168,934		168,934		—
Accrued interest receivable	562,239		562,239		—		469,697		469,697		—
Tax indemnification receivable	228,910		228,910		—		240,311		240,311		—
Derivative instruments	15,189		15,189		—		5,238		5,238		—
Total earning assets	$	13,694,521	$	12,681,954	$	1,012,567	$	13,472,359	$	12,753,746	$	718,613
Interest-bearing liabilities
Money-market and savings accounts	$	5,159,236	$	5,159,236	$	—	$	5,231,736	$	5,231,736	$	—
Certificates of deposit	5,175,185		5,181,369		6,184		5,313,645		5,308,818		(4,827		)
Accrued interest payable	15,731		15,731		—		16,082		16,082		—
Derivative instruments	19,710		19,710		—		28,688		28,688		—
Total interest-bearing liabilities	$	10,369,862	$	10,376,046	$	6,184	$	10,590,151	$	10,585,324	$	(4,827	)
Excess of net asset fair value over carrying value					$	1,018,751					$	713,786