Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018

Derivative Financial Instruments

Schedule of derivative positions

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

	March 31, 2018				December 31, 2017
	Notional		Estimated		Notional		Estimated
	Amount		Fair Value		Amount		Fair Value
Derivative instruments:
IRLCs	$	1,365,472	$	30,023	$	850,850	$	18,851
Customer-based written options		26,689		88		21,637		38
Customer-based purchased options		26,689		(88)		21,637		(38)
Commitments to purchase MBSs		2,870,882		1,817		2,831,635		(921)
Commitments to sell MBSs		5,186,929		(5,747)		4,963,498		2,972
Interest rate swaps		24,277		182		25,971		51
U.S. Treasury bond futures and options (1)		231,000		—		214,500		—

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