Fair Value Measurements - (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Tables of Financial Instruments Measured At Fair Value on Recurring Basis

The tables below present the financial instruments measured at fair value on a recurring basis as of September 30, 2017 and December 31, 2016 on the consolidated statements of financial condition utilizing the hierarchy structure described above:

	September 30, 2017
	Level 1		Level 2		Level 3		Total
Assets:
Investment securities available-for-sale:
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	$	—	$	181,389	$	—	$	181,389
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises		—		628,479		—		628,479
Municipal securities		—		1,499		—		1,499
Interest rate swap derivatives		—		11,179		—		11,179
Mortgage banking derivatives		—		—		233		233
Total assets at fair value	$	—	$	822,546	$	233	$	822,779
Liabilities:
Interest rate swap derivatives	$	—	$	5,418	$	—	$	5,418
Mortgage banking derivatives		—		—		9		9
Total liabilities at fair value	$	—	$	5,418	$	9	$	5,427

	December 31, 2016
	Level 1		Level 2		Level 3		Total
Assets:
Investment securities available-for-sale:
Mortgage-backed securities (“MBS”):
Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises	$	—	$	227,160	$	—	$	227,160
Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises		—		652,739		—		652,739
Municipal securities		—		3,648		—		3,648
Interest rate swap derivatives		—		11,428		—		11,428
Mortgage banking derivatives		—		—		287		287
Total assets at fair value	$	—	$	894,975	$	287	$	895,262
Liabilities:
Interest rate swap derivatives	$	—	$	3,279	$	—	$	3,279
Mortgage banking derivatives		—		—		26		26
Total liabilities at fair value	$	—	$	3,279	$	26	$	3,305

Table of Changes in Level 3 Financial Instruments

The table below details the changes in level 3 financial instruments during the nine months ended September 30, 2017:

		Mortgage banking
		derivatives, net
Balance at December 31, 2016	$	261
Loss included in earnings, net		(37)
Balance at September 30, 2017	$	224

Table of assets recorded at fair value on a non-recurring basis

The table below provides information regarding the assets recorded at fair value on a non-recurring basis during the nine months ended September 30, 2017 and 2016:

	September 30, 2017
	Total		Losses from fair value changes
Other real estate owned	$	12,330	$	766
Impaired loans		28,459		9,171

	September 30, 2016
	Total		Losses from fair value changes
Other real estate owned	$	21,200	$	262
Impaired loans		35,411		17,546