SECURITIES (Tables)

9 Months Ended

Sep. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Summary of the company's securities which are carried at estimated fair value

The following table summarizes the Company’s securities as of September 30, 2015 and December 31, 2014, which are carried at estimated fair value (amounts in thousands):

	September 30, 2015						December 31, 2014
	Par		Amortized Cost		Estimated Fair Value		Par		Amortized Cost		Estimated Fair Value
Securities, at estimated fair value	$	531,990	$	485,932	$	447,438	$	721,094	$	654,257	$	638,605
Total	$	531,990	$	485,932	$	447,438	$	721,094	$	654,257	$	638,605

Schedule of realized and unrealized gains from securities

The following table presents the Company’s realized and unrealized gains (losses) from securities (amounts in thousands):

	Three months ended September 30, 2015			Nine months ended September 30, 2015			Three months ended September 30, 2014			Five months ended September 30, 2014
Net realized gains (losses)	$	(3,227	)	$	(9,127	)	$	(103	)	$	632
Net (increase) decrease in unrealized losses	(15,523		)	(20,598		)	(4,645		)	6,178
Net (increase) decrease in unrealized losses	$	(18,750	)	$	(29,725	)	$	(4,748	)	$	6,810

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 September 30, 2015 and December 31, 2014 (amounts in thousands):

	September 30, 2015		December 31, 2014
Pledged as collateral for collateralized loan obligation secured debt	$	186,598	$	262,085
Total	$	186,598	$	262,085