DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2017

DERIVATIVE INSTRUMENTS

Schedule of derivative instruments, fair value and notional amounts

The following table summarizes the interest rate lock commitments and forward commitments to sell mortgage-backed securities held by the Company, their notional amount, estimated fair values and the location in which the derivative instruments are reported in the consolidated balances sheets at March 31, 2017 and December 31, 2016 (in thousands):

	Notional Amount				Fair Value Gain
	March 31,		December 31,		March 31,		December 31,
	2017		2016		2017		2016
Derivative Instruments (included in Other Assets):
Interest rate lock commitments	$	338,184	$	264,359	$	8,023	$	6,253
Forward commitments to sell mortgage-backed securities		—		301,788		—		125
Total	$	338,184	$	566,147	$	8,023	$	6,378

	Notional Amount				Fair Value Loss
	March 31,		December 31,		March 31,		December 31,
	2017		2016		2017		2016
Derivative Instruments (included in Other Liabilities):
Forward commitments to sell mortgage-backed securities	$	354,405	$	—	$	140	$	—