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LOANS HELD FOR SALE (Tables)
9 Months Ended
Sep. 30, 2017
LOANS HELD FOR SALE.  
Schedule of activity of consumer loans held for sale and carried at fair value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended

 

Nine Months Ended

 

 

September 30, 

 

September 30, 

(in thousands)

 

2017

    

2016

    

2017

    

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

3,235

 

$

6,826

 

$

2,198

 

$

 —

Origination of consumer loans held for sale

 

 

15,066

 

 

20,057

 

 

46,847

 

 

33,714

Proceeds from the sale of consumer loans held for sale

 

 

(15,115)

 

 

(25,397)

 

 

(45,988)

 

 

(32,355)

Net gain on sale of consumer loans held for sale

 

 

182

 

 

205

 

 

311

 

 

332

Balance, end of period

 

$

3,368

 

$

1,691

 

$

3,368

 

$

1,691

 

Schedule of activity of consumer loans held for sale and carried at lower of cost or fair value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended

 

Nine Months Ended

 

 

September 30, 

 

September 30, 

(in thousands)

 

2017

    

2016

    

2017

    

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

2,464

 

$

1,122

 

$

1,310

 

$

514

Origination of consumer loans held for sale

 

 

164,815

 

 

99,346

 

 

407,997

 

 

214,716

Proceeds from the sale of consumer loans held for sale

 

 

(162,947)

 

 

(100,099)

 

 

(407,181)

 

 

(215,573)

Net gain on sale of consumer loans held for sale

 

 

1,352

 

 

724

 

 

3,558

 

 

1,436

Balance, end of period

 

$

5,684

 

$

1,093

 

$

5,684

 

$

1,093