Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2017

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
	September 30, 2017										December 31, 2016
	Level 1		Level 2			Level 3		Total			Level 1		Level 2			Level 3		Total
Assets
Available-for-sale investments	$	—	$	232,549		$	—	$	232,549		$	—	$	208,603		$	—	$	208,603
Derivative instruments	—		636			—		636			—		7,808			—		7,808
Total	$	—	$	233,185		$	—	$	233,185		$	—	$	216,411		$	—	$	216,411
Liabilities
Derivative instruments	$	—	$	(8,636	)	$	—	$	(8,636	)	$	—	$	(25,937	)	$	—	$	(25,937	)
Total	$	—	$	(8,636	)	$	—	$	(8,636	)	$	—	$	(25,937	)	$	—	$	(25,937	)

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.

	September 30, 2017							December 31, 2016
	Fair Value		Carrying Value		Difference			Fair Value		Carrying Value		Difference
Earning assets
Loans held for investment, net	$	20,013,518	$	18,040,465	$	1,973,053		$	16,520,786	$	15,137,922	$	1,382,864
Cash and cash equivalents	1,247,764		1,247,764		—			1,918,793		1,918,793		—
Available-for-sale investments	232,549		232,549		—			208,603		208,603		—
Accrued interest receivable	1,019,735		1,019,735		—			766,106		766,106		—
Tax indemnification receivable	214,496		214,496		—			259,532		259,532		—
Derivative instruments	636		636		—			7,808		7,808		—
Total earning assets	$	22,728,698	$	20,755,645	$	1,973,053		$	19,681,628	$	18,298,764	$	1,382,864
Interest-bearing liabilities
Money-market and savings accounts	$	8,480,477	$	8,480,477	$	—		$	7,963,925	$	7,963,925	$	—
Certificates of deposit	6,569,956		6,553,047		(16,909		)	5,510,504		5,471,065		(39,439		)
Short-term borrowings	300,000		300,000		—			—		—		—
Long-term borrowings	2,764,427		2,738,662		(25,765		)	2,160,105		2,167,979		7,874
Accrued interest payable	36,299		36,299		—			21,058		21,058		—
Derivative instruments	8,636		8,636		—			25,937		25,937		—
Total interest-bearing liabilities	$	18,159,795	$	18,117,121	$	(42,674	)	$	15,681,529	$	15,649,964	$	(31,565	)
Excess of net asset fair value over carrying value					$	1,930,379						$	1,351,299