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Fair Value (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Assets Measured at Fair Value on Recurring Basis

The following table presents financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 and December 31, 2012:

(in thousands)
Quoted Prices
in ActiveSignificant
Markets forOtherSignificant
Identical ObservableUnobservable
Fair ValueAssetsInputsInputs
Measurements(Level 1)(Level 2)(Level 3)
December 31, 2013
Mortgage-backed securities$ 351,223$ -$ 351,223$ -
Eurodollar futures contracts 2,446 2,446 - -
December 31, 2012
Mortgage-backed securities$ 115,380$ -$ 115,380$ -