DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Amount and Market Value of Mortgage Banking Derivatives

The following table presents the notional amount and fair value of derivative instruments included in the Consolidated Statements of Financial Condition as of the dates indicated. Note 3 contains further disclosures pertaining to the fair value of mortgage banking derivatives.

	March 31, 2017				December 31, 2016
	Notional Amount		Fair Value		Notional Amount		Fair Value
	(In thousands)
Included in assets:
Interest rate lock commitments (1)	$	300,226	$	9,813	$	289,637	$	8,317
Mandatory forward commitments (1)	69,607		153		537,476		8,897
Interest rate swaps and cap on loans with customers	68,167		1,099		46,346		707
Foreign exchange contracts	—		—		4,236		47
Total included in assets	$	438,000	$	11,065	$	877,695	$	17,968
Included in liabilities:
Interest rate lock commitments (1)	$	12,311	$	81	$	22,945	$	231
Mandatory forward commitments (1)	593,995		2,909		265,322		1,212
Interest rate swaps and caps on loans with correspondent bank	68,167		1,096		46,346		655
Foreign exchange contracts	—		—		4,207		18
Total included in liabilities	$	674,473	$	4,086	$	338,820	$	2,116

(1) Derivative instruments related to mortgage banking activities (discontinued operations).