Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

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



	June 30, 2016		December 31, 2015		June 30, 2015
	(In thousands)
Goodwill	$	286,867	$	287,393	$	285,512
Other intangible assets:
Core deposit intangible assets	$	24,429	$	26,654	$	28,353
Non-compete intangible assets	164		328		541
Mortgage servicing rights	9,677		11,122		12,307
Total other intangible assets	$	34,270	$	38,104	$	41,201

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:



	June 30, 2016		December 31, 2015		June 30, 2015
	(In thousands)
Gross original amount	$	40,055	$	40,055	$	39,355
Accumulated amortization	15,626		13,401		11,002
Carrying amount	$	24,429	$	26,654	$	28,353
Amortization expense for the three months ended June 30	$	1,113			$	952
Amortization expense for the six months ended June 30	$	2,225			$	1,743

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:



	June 30, 2016		December 31, 2015		June 30, 2015
	(In thousands)
Net carrying value of MSRs	$	9,677	$	11,122	$	12,307
Fair value of MSRs	$	12,493	$	15,542	$	16,602
Valuation allowance	$	412	$	—	$	—
Loans serviced for others that have servicing rights capitalized	$	2,014,986	$	2,082,899	$	2,193,067

Activity for capitalized MSRs

The following table shows the activity for capitalized MSRs:



	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
	(In thousands)
Balance at beginning of period	$	10,478		$	11,583		$	11,122		$	12,217
Acquired in Monarch acquisition	—			1,284			—			1,284
Additions	586			415			917			815
Amortization	(975		)	(1,175		)	(1,950		)	(2,209		)
Change in valuation allowance	(412		)	200			(412		)	200
Balance at end of period	$	9,677		$	12,307		$	9,677		$	12,307