Mortgage Servicing Rights (Tables)

9 Months Ended

Sep. 30, 2012

Mortgage Servicing Rights [Abstract]

Schedule Of Changes In Mortgage Servicing Rights


(in thousands)
	Three months ended				Nine months ended
	September 30,				September 30,
	2012		2011		2012		2011
Balance, beginning of period	$	22,513	$	16,350	$	18,184	$	14,454
Additions for new mortgage servicing rights capitalized		5,642		1,693		11,923		4,100
Changes in fair value:
Due to changes in model inputs or assumptions⁽¹⁾		(2,770)		(590)		(3,833)		(564)
Other⁽²⁾		(896)		(841)		(1,785)		(1,378)
Balance, end of period	$	24,489	$	16,612	$	24,489	$	16,612

(1)	Principally reflects changes in discount rates and prepayment speed assumptions, which are primarily affected by changes in interest rates.

(2)	Represents changes due to collection/realization of expected cash flows over time.

Schedule Of Other Information Servicing Loan Portfolio


(dollars in thousands)
	September 30, 2012		December 31, 2011
Balance of loans serviced for others	$	2,814,102	$	2,009,849
MSR as a percentage of serviced loans		0.87%		0.90%

Key Assumptions Used In Measuring The Fair Value of MSR


	September 30, 2012	December 31, 2011
Constant prepayment rate	20.59%	20.39%
Discount rate	8.60%	8.60%
Weighted average life (years)	4.7	4.5

- Definition

Tabular disclosure of all information related to the key inputs and assumptions used in measuring the fair value of assets obtained or liabilities incurred, as the result of a sale of financial assets, relating to the transferor's continuing involvement, if any, at the time of securitization, asset-backed financing arrangement, or similar transfer (including at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses, including expected static pool losses).

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- Definition

Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

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