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Subsequent Event
9 Months Ended
Sep. 30, 2014
Subsequent Events [Abstract]  
Subsequent Event

Note 9. Subsequent Event

On October 31, 2014, the Company closed on the sale of servicing rights on approximately $562 million of single-family mortgage loans serviced for Fannie Mae and Freddie Mac, representing virtually all of the Company’s servicing portfolio for the two agencies. It is expected that the sale will result in a fourth quarter net gain of approximately $500,000. The Company anticipates a modest benefit to 2015 earnings as associated expense reductions are expected to exceed forgone servicing revenue.