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Investment Securities (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Investment Securities      
Investment securities $ 649,364   $ 724,947
Purchases 84,337 $ 67,247  
Sales   4,713  
Principal collections 22,344 11,737  
Before consolidation of securitization VIEs      
Investment Securities      
Investment securities $ 1,565,258   $ 1,550,166
Available-for-sale | One-month LIBOR      
Investment Securities      
Effective variable rate basis (as a percent) 0.437%   0.43%
Fair value option | VIE eliminations      
Investment Securities      
Investment securities $ (915,894)   $ (825,219)
Held-to-maturity      
Investment Securities      
Purchases 9,694 58,509  
Principal collections 3,230 25  
Held-to-maturity | Before consolidation of securitization VIEs      
Investment Securities      
Investment securities 327,831   321,244
RMBS      
Investment Securities      
Portion of securities with variable rate 159,400    
RMBS | Available-for-sale      
Investment Securities      
Purchases 41,470    
Principal collections 6,811 11,487  
Purchase Amortized Cost 187,176   149,102
Credit OTTI (10,185)   (10,185)
Recorded Amortized Cost 176,991   138,917
Non-Credit OTTI (335)   (340)
Gross Unrealized Gains 34,242   37,647
Net Fair Value Adjustment 33,907   37,307
Fair Value $ 210,898   176,224
Portion of securities with variable rate     $ 122,700
Portion of securities with variable rate (as a percent) 75.60%   69.70%
Principal balance $ 327,167   $ 233,976
Accretable yield (67,626)   (68,345)
Non-accretable difference (82,550)   (26,714)
Total discount (150,176)   (95,059)
Amortized cost 176,991   138,917
Credit deteriorated RMBS 293,800   199,000
Accretable yield related to credit deteriorated RMBS 57,400   57,700
Changes to accretable yield      
Balance at the beginning of the period 68,345    
Accretion of discount (3,415)    
Purchases (618)    
Transfer to/from non-accretable difference 3,314    
Balance at the end of the period 67,626   68,345
Changes to non accretable difference      
Balance at the beginning of the period 26,714    
Principal write-downs (289)    
Purchases 59,439    
Transfer to/from non-accretable difference (3,314)    
Balance at the end of the period $ 82,550   $ 26,714
RMBS | Available-for-sale | LIBOR      
Investment Securities      
Variable rate, weighted average spread (as a percent) 1.02%   0.43%
RMBS | Available-for-sale | B-      
Investment Securities      
Weighted Average Coupon (as a percent) 1.70%   1.30%
WAL 6 years 1 month 6 days   6 years 2 months 12 days
RMBS | Available-for-sale | Before consolidation of securitization VIEs      
Investment Securities      
Investment securities $ 210,898   $ 176,224
CMBS | Available-for-sale      
Investment Securities      
Principal collections   224  
CMBS | Fair value option      
Investment Securities      
Purchases 33,173 8,738  
Sales   4,713  
Principal collections $ 12,303 $ 1  
Weighted Average Coupon (as a percent) 5.50%   3.90%
WAL 2 years   7 years 4 months 24 days
CMBS | Fair value option | Before consolidation of securitization VIEs      
Investment Securities      
Investment securities $ 1,012,618   $ 1,038,200
Equity security | Fair value option | Before consolidation of securitization VIEs      
Investment Securities      
Investment securities 13,911   14,498
CMBS, fair value option      
Investment Securities      
Amount not rated 8,700   $ 51,300
Portion of securities with variable rate $ 0