Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Financial Instruments

Schedule of derivative positions

Derivative positions are presented in the following table (in thousands).

	March 31, 2017				December 31, 2016
	Notional		Estimated		Notional		Estimated
	Amount		Fair Value		Amount		Fair Value
Derivative instruments:
IRLCs	$	1,427,763	$	40,911	$	944,550	$	23,269
Customer-based written options		2,223		97		—		—
Customer-based purchased options		2,223		(97)		—		—
Commitments to purchase MBSs		3,567,436		14,090		3,616,922		(1,155)
Commitments to sell MBSs		5,881,086		(18,960)		5,609,250		(532)
Interest rate swaps and swaptions		32,239		(159)		32,452		(283)
U.S. Treasury bond futures and options (1)		206,000		—		297,000		—

(1)    Changes in the fair value of these contracts are settled daily with PrimeLending’s counterparty.