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SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2013
SECURITIES  
Summary of the company's securities which are carried at estimated fair value

The following table summarizes the Company's securities as of December 31, 2013, which are carried at estimated fair value (amounts in thousands):

 
   December 31, 2013  
 
   Amortized
Cost		   Gross
Unrealized
Gains		   Gross
Unrealized
Losses		   Estimated
Fair
Value		  

Securities available-for-sale

   $ 326,775   $ 24,791   $ (1,225 ) $ 350,341  

Other securities, at estimated fair value(1)

     135,968     12,436     (1,437 )   146,967  

Residential mortgage-backed securities, at estimated fair value(1)

     138,284     2,809     (65,089 )   76,004  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities

   $ 601,027   $ 40,036   $ (67,751 ) $ 573,312  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
(1)
Unrealized gains and losses presented represent amounts as of period-end. Unrealized gains and losses recognized during the year for these securities are recorded in earnings.

        The following table summarizes the Company's securities as of December 31, 2012, which are carried at estimated fair value (amounts in thousands):

 
   December 31, 2012  
 
   Amortized
Cost		   Gross
Unrealized
Gains		   Gross
Unrealized
Losses		   Estimated
Fair
Value		  

Securities available-for-sale

   $ 394,821   $ 27,281   $ (9,809 ) $ 412,293  

Other securities, at estimated fair value(1)

     27,991     9,768     (374 )   37,385  

Residential mortgage-backed securities, at estimated fair value(1)

     171,385     3,762     (91,305 )   83,842  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total securities

   $ 594,197   $ 40,811   $ (101,488 ) $ 533,520  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
(1)
Unrealized gains and losses presented represent amounts as of period-end. Unrealized gains and losses recognized during the year for these securities are recorded in earnings.
Schedule of gross unrealized losses and fair value of securities classified as available-for-sale aggregated by length of time the securities have been in a continuous unrealized loss position

The following table shows the gross unrealized losses and fair value of the Company's available-for-sale securities, aggregated by length of time that the individual securities have been in a continuous unrealized loss position as of December 31, 2013 and 2012 (amounts in thousands):

 
   Less Than 12 months   12 Months or More   Total  
 
   Estimated
Fair Value		   Unrealized
Losses		   Estimated
Fair Value		   Unrealized
Losses		   Estimated
Fair Value		   Unrealized
Losses		  

December 31, 2013

                                      

Securities available-for-sale

   $ 25,543   $ (658 ) $ 30,034   $ (567 ) $ 55,577   $ (1,225 )

December 31, 2012

                                      

Securities available-for-sale

   $ 45,900   $ (4,398 ) $ 37,500   $ (5,411 ) $ 83,400   $ (9,809 )
Schedule of net realized gains on the sales of available-for-sale securities

The following table shows the net realized gains on the sales of securities available-for-sale (amounts in thousands):

 
   Year ended
December 31,
2013		   Year ended
December 31,
2012		   Year ended
December 31,
2011		  

Gross realized gains

   $ 2,829   $ 85,982   $ 100,565  

Gross realized losses

     (42 )   (12 )   (559 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net realized gains

   $ 2,787   $ 85,970   $ 100,006  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
Schedule of amortized cost and estimated fair value of securities available-for-sale by remaining contractual maturity and weighted average coupon based on par values

The following table summarizes the amortized cost and estimated fair value of securities available-for-sale by remaining contractual maturity and weighted average coupon based on par values as of December 31, 2013 (dollar amounts in thousands):

Description
  Amortized
Cost		   Estimated
Fair
Value		   Weighted
Average
Coupon		  

Due within one year

   $ 23,702   $ 24,517     7.9 %

One to five years

     207,987     221,393     8.2  

Five to ten years

     92,329     101,341     8.5  

Greater than ten years

     2,757     3,090     1.1  
                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 326,775   $ 350,341        
                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                 
Schedule of estimated fair value of securities pledged as collateral

The following table summarizes the estimated fair value of securities pledged as collateral as of December 31, 2013 and 2012 (amounts in thousands):

 
   As of
December 31,
2013		   As of
December 31,
2012		  

Pledged as collateral for collateralized loan obligation secured debt and junior secured notes to affiliates

   $ 324,830   $ 354,088  
           
​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 324,830   $ 354,088  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​