Loans Held-for-Sale

12 Months Ended

Dec. 31, 2017

Residential mortgage loans held-for-sale are carried at fair value and SBA and indirect automobile loans held-for-sale are carried at the lower of cost or fair value. The following table summarizes loans held-for-sale at December 31, 2017 and 2016:



	December 31,
(in thousands)	2017		2016
Residential mortgage loans at fair value	$	269,140	$	252,712
SBA	13,615		12,616
Indirect automobile	75,000		200,000
Total loans held-for-sale	$	357,755	$	465,328

During 2017 and 2016, the Company transferred $5.9 million and $4.6 million, respectively, to the held for investment residential mortgage portfolio.

The Company had residential mortgage loans held-for-sale with unpaid principal balances of $154.2 million and $188.5 million pledged to the FHLB at December 31, 2017 and 2016, respectively.