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Derivative Financial Instruments (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2014
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
Schedule of Notional or Contractual Amounts and Fair Values of Derivative Instruments

The following table provides the total notional or contractual amounts and related fair values of derivative assets and liabilities not designated as hedging instruments as well as cash collateral (in thousands):

 

     June 30, 2014      December 31, 2013  
     Notional/
Contractual
Amount
     Fair Value      Notional/
Contractual
Amount
     Fair Value  
        Derivative
Assets
     Derivative
Liabilities
        Derivative
Assets
     Derivative
Liabilities
 

Interest rate lock commitments

   $ 3,444,936      $ 75,526      $ 87      $ 2,202,638      $ 42,831      $ 3,755  

Forward sales commitments

     3,879,108        1        28,387        2,903,700        19,534        247  

MBS purchase commitments

     504,700        2,735        —           308,700        —           1,880  
     

 

 

    

 

 

       

 

 

    

 

 

 

Total derivative instruments

      $ 78,262      $ 28,474         $ 62,365      $ 5,882  
     

 

 

    

 

 

       

 

 

    

 

 

 

Cash collateral

      $ 20,460      $ 1,587         $ —        $ 19,148  
     

 

 

    

 

 

       

 

 

    

 

 

 

The following table provides the total notional or contractual amounts and related fair values of derivative assets and liabilities not designated as hedging instruments as well as cash collateral (in thousands):

 

     December 31, 2013      December 31, 2012  
     Notional/
Contractual
Amount
     Fair Value      Notional/
Contractual
Amount
     Fair Value  
        Derivative
Assets
     Derivative
Liabilities
        Derivative
Assets
     Derivative
Liabilities
 

Interest rate lock commitments

   $ 2,202,638       $ 42,831       $ 3,755       $ 35,266       $ 949       $ —     

Forward sales commitments

     2,903,700         19,534         247         42,078         —           1,102   

MBS purchase commitments

     308,700         —           1,880         —           —           —     
     

 

 

    

 

 

       

 

 

    

 

 

 

Total derivative instruments

      $ 62,365       $ 5,882          $ 949       $ 1,102   
     

 

 

    

 

 

       

 

 

    

 

 

 

Cash collateral

      $ —         $ 19,148          $ —         $ —     
     

 

 

    

 

 

       

 

 

    

 

 

 
Schedule of Net Gains (Losses) Related to Derivatives Not Designated as Hedging Instruments  

The following table summarizes the net gains (losses) related to derivatives not designated as hedging instruments (in thousands). These gains (losses) are recorded as a component of net gains on sales of loans on the consolidated statements of comprehensive income (loss).

 

     For the Years Ended December 31,  
             2013                     2012          

Gains on interest rate lock commitments

   $ 38,126      $ 949   

Gains on forward sales commitments

     111,830        (1,102

Losses on MBS purchase commitments

     (5,599     —     
  

 

 

   

 

 

 

Net fair value gains on derivatives

   $ 144,357      $ (153