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Mortgage Servicing Rights (Tables)
9 Months Ended
Sep. 30, 2012
Mortgage Servicing Rights [Abstract]  
Changes in mortgage servicing rights balance
                                 
    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
(Dollars in thousands)   2012     2011     2012     2011  

Beginning of period

  $ 3,276     $ 2,878     $ 2,739     $ 2,441  

Servicing rights capitalized

    741       277       1,777       965  

Amortization of servicing rights

    (463     (123     (1,147     (312

Changes in valuation

    (372     (672     (187     (734
   

 

 

   

 

 

   

 

 

   

 

 

 

End of period

  $ 3,182     $ 2,360     $ 3,182     $ 2,360  
   

 

 

   

 

 

   

 

 

   

 

 

 

Mortgage loans serviced for others

  $ 540,735     $ 377,060     $ 540,735     $ 377,060  
   

 

 

   

 

 

   

 

 

   

 

 

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

Valuation allowance, beginning of period

  $ (608   $ (263   $ (793   $ (201

Additions

    (372     (672     (187     (734

Reductions

    —         —         —         —    

Direct write-downs

    —         —         —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Valuation allowance, end of period

  $ (980   $ (935   $ (980   $ (935
   

 

 

   

 

 

   

 

 

   

 

 

 
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

      $ 225  

2013

        777  

2014

        588  

2015

        427  

2016

        302  

Thereafter

        863