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LOANS HELD FOR SALE (Tables)
9 Months Ended
Sep. 30, 2018
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)

 

2018

    

2017

    

2018

    

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

 —

 

$

3,235

 

$

2,677

 

$

2,198

 

Origination of consumer loans held for sale

 

 

 —

 

 

15,066

 

 

16,985

 

 

46,847

 

Loans transferred to held for investment

 

 

 —

 

 

 —

 

 

(2,237)

 

 

 —

 

Proceeds from the sale of consumer loans held for sale

 

 

 —

 

 

(15,115)

 

 

(17,039)

 

 

(45,988)

 

Net gain (loss) recognized on consumer loans held for sale

 

 

 —

 

 

182

 

 

(386)

 

 

311

 

Balance, end of period

 

$

 —

 

$

3,368

 

$

 —

 

$

3,368

 

 

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)

 

2018

    

2017

    

2018

    

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

13,684

 

$

2,464

 

$

8,551

 

$

1,310

 

Origination of consumer loans held for sale

 

 

209,462

 

 

164,815

 

 

565,886

 

 

407,997

 

Loans transferred from held for investment

 

 

1,392

 

 

 —

 

 

1,392

 

 

 —

 

Proceeds from the sale of consumer loans held for sale

 

 

(205,078)

 

 

(162,947)

 

 

(559,607)

 

 

(407,181)

 

Net gain on sale of consumer loans held for sale

 

 

1,577

 

 

1,352

 

 

4,815

 

 

3,558

 

Balance, end of period

 

$

21,037

 

$

5,684

 

$

21,037

 

$

5,684