Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Net carrying value of intangible assets

The following table shows the net carrying value of the Corporation’s intangible assets:

	September 30, 2014		December 31, 2013		September 30, 2013
	(In thousands)
Goodwill	$	120,164	$	120,164	$	120,164
Other intangible assets:
Core deposit intangible assets	$	8,665	$	10,001	$	10,466
Mortgage servicing rights	3,293		3,423		3,399
Total other intangible assets	$	11,958	$	13,424	$	13,865

Carrying amount, accumulated amortization and amortization expense of core deposit intangible assets

The following table sets forth the carrying amount, accumulated amortization and amortization expense of core deposit intangible assets that are amortizable and arose from business combinations or other acquisitions:

	September 30, 2014		December 31, 2013		September 30, 2013
	(In thousands)
Gross original amount	$	18,659	$	18,659	$	18,659
Accumulated amortization	9,994		8,658		8,193
Carrying amount	$	8,665	$	10,001	$	10,466
Amortization expense for the three months ended September 30	$	445			$	467
Amortization expense for the nine months ended September 30	$	1,336			$	1,444

Net carrying value, fair value of MSRs and loans Corporation servicing for others

The following shows the net carrying value and fair value of MSRs and the total loans that the Corporation is servicing for others:

	September 30, 2014		December 31, 2013		September 30, 2013
	(In thousands)
Net carrying value of MSRs	$	3,293	$	3,423	$	3,399
Fair value of MSRs	$	6,618	$	6,878	$	6,839
Loans serviced for others that have servicing rights capitalized	$	875,720	$	886,730	$	886,980

Activity for capitalized MSRs

The following table shows the activity for capitalized MSRs:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
	(In thousands)
Balance at beginning of period	$	3,344		$	3,421		$	3,423		$	3,478
Additions	324			311			745			1,271
Amortization	(375		)	(333		)	(875		)	(1,350		)
Balance at end of period	$	3,293		$	3,399		$	3,293		$	3,399