SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2018

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Contracts with Customers

	For the three months ended				For the six months ended
(in thousands)	June 30,				June 30,
Description	2018		2017		2018		2017		Statement of income line item
Certain loan origination fees	$	12,371	$	13,380	$	23,656	$	23,452	Gains from mortgage banking activities
Investment sales broker fees, assumption fees, application fees, and other		8,092		4,477		12,417		9,418	Other revenues
Total revenues derived from contracts with customers	$	20,463	$	17,857	$	36,073	$	32,870

Schedule of Provision (Benefit) for Credit Losses

	For the three months ended				For the six months ended
	June 30,				June 30,
(in thousands)	2018		2017		2018		2017
Provision (benefit) for loan losses	$	79	$	(215)	$	66	$	(190)
Provision (benefit) for risk-sharing obligations		721		122		257		(35)
Provision (benefit) for credit losses	$	800	$	(93)	$	323	$	(225)

Schedule of Net Warehouse Interest Income

	For the three months ended				For the six months ended
	June 30,				June 30,
(in thousands)	2018		2017		2018		2017
Warehouse interest income - loans held for sale	$	11,382	$	9,413	$	20,146	$	21,353
Warehouse interest expense - loans held for sale		(9,900)		(6,983)		(17,555)		(15,248)
Net warehouse interest income - loans held for sale	$	1,482	$	2,430	$	2,591	$	6,105
Warehouse interest income - loans held for investment	$	1,647	$	5,315	$	3,068	$	9,993
Warehouse interest expense - loans held for investment		(737)		(1,945)		(1,410)		(3,678)
Net warehouse interest income - loans held for investment	$	910	$	3,370	$	1,658	$	6,315
Total net warehouse interest income	$	2,392	$	5,800	$	4,249	$	12,420

Schedule of Pledged Securities at Fair Value

	June 30,				December 31,
(in thousands)	2018		2017		2017		2016
Pledged cash and cash equivalents:
Cash	$	3,238	$	1,761	$	2,201	$	4,358
Money market funds		55,072		88,540		86,584		78,384
Total pledged cash and cash equivalents	$	58,310	$	90,301	$	88,785	$	82,742
Agency debt securities		47,493		2,100		9,074		2,108
Total pledged securities, at fair value	$	105,803	$	92,401	$	97,859	$	84,850

Schedule of Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents

	June 30,				December 31,
(in thousands)	2018		2017		2017		2016
Cash and cash equivalents	$	81,531	$	53,338	$	191,218	$	118,756
Restricted cash		29,986		15,768		6,677		9,861
Pledged cash and cash equivalents		58,310		90,301		88,785		82,742
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	$	169,827	$	159,407	$	286,680	$	211,359