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Mortgage Servicing Rights (Tables)
6 Months Ended
Jun. 30, 2012
Mortgage Servicing Rights [Abstract]  
Changes in mortgage servicing rights balance
                                 
    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
(Dollars in thousands)   2012     2011     2012     2011  
         

Beginning of period

  $ 3,067     $ 2,772     $ 2,739     $ 2,441  

Servicing rights capitalized

    609       236       1,036       688  

Amortization of servicing rights

    (373     (112     (684     (189

Changes in valuation

    (27     (18     185       (62
   

 

 

   

 

 

   

 

 

   

 

 

 

End of period

  $ 3,276     $ 2,878     $ 3,276     $ 2,878  
   

 

 

   

 

 

   

 

 

   

 

 

 

Mortgage loans serviced for others

  $ 491,536     $ 355,356     $ 491,536     $ 355,356  
   

 

 

   

 

 

   

 

 

   

 

 

 
Activity in valuation allowance for mortgage servicing rights
                                 
    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
(Dollars in thousands)   2012     2011     2012     2011  
         

Valuation allowance, beginning of period

  $ (581   $ (245   $ (793   $ (201

Additions

    (27     (18     —         (62

Reductions

    —         —         185       —    

Direct write-downs

    —         —         —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Valuation allowance, end of period

  $ (608   $ (263   $ (608   $ (263
   

 

 

   

 

 

   

 

 

   

 

 

 
Estimated amortization expense of mortgage servicing rights for the remainder of 2012 and the succeeding fiscal years
         

Year (Dollars in thousands)

  Amount  

Remainder of 2012

  $ 375  

2013

    649  

2014

    505  

2015

    387  

2016

    294  

Thereafter

    1,066