SECURITIES (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2015 and December 31, 2014, which are carried at estimated fair value (amounts in thousands):

	December 31, 2015						December 31, 2014
	Par		Amortized Cost		Estimated Fair Value		Par		Amortized Cost		Estimated Fair Value
Securities, at estimated fair value	$	520,135	$	474,201	$	417,519	$	721,094	$	654,257	$	638,605
Total	$	520,135	$	474,201	$	417,519	$	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):

	Year ended December 31, 2015			Eight months ended December 31, 2014
Net realized gains (losses)	$	(10,797	)	$	2,891
Net (increase) decrease in unrealized losses	(36,273		)	(11,460		)
Net (increase) decrease in unrealized losses	$	(47,070	)	$	(8,569	)

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

	December 31, 2015		December 31, 2014
Pledged as collateral for collateralized loan obligation secured debt	$	170,365	$	262,085
Total	$	170,365	$	262,085