XML 44 R34.htm IDEA: XBRL DOCUMENT v3.7.0.1
Loan Servicing Rights (Tables)
 6 Months Ended
Jun. 30, 2017
Transfers and Servicing [Abstract]  
Schedule of activity for loan servicing rights and the related fair value changes
The following table represents the activity for LSRs and the related fair value changes:
(Dollars in thousands)
 
Commercial
Real Estate
 
Mortgage
 
Total
For the three months ended June 30, 2017
 
 
 
 
 
 
Fair value, beginning of period
 
$
320

 
$
64,284

 
$
64,604

Additions from loans sold with servicing retained
 
188

 
2,196

 
2,384

Changes in fair value due to:
 
 
 
 
 
 
Reductions from pay-offs, pay downs and run-off
 
(22
)
 
(642
)
 
(664
)
Changes in estimates of fair value (1)
 
—

 
(1,802
)
 
(1,802
)
Fair value, end of period
 
$
486

 
$
64,036

 
$
64,522

For the six months ended June 30, 2017
 
344

 
47741

 
48085

Fair value, beginning of period
 
$
344

 
$
47,741

 
$
48,085

Transfers based on new accounting policy election
 
—

 
15,891

 
15,891

Additions from loans sold with servicing retained
 
188

 
3,949

 
4,137

Changes in fair value due to:
 
0

 
0

 
 
Reductions from pay-offs, pay downs and run-off
 
(46
)
 
(1,224
)
 
(1,270
)
Changes in estimates of fair value (1)
 
—

 
(2,321
)
 
(2,321
)
Fair value, end of period
 
$
486

 
$
64,036

 
$
64,522

Principal balance of loans serviced for others that have servicing capitalized
 
$
47,349

 
$
7,167,904

 
$
7,215,253

(1) Represents estimated LSR value change resulting primarily from market-driven changes in interest rates and prepayments. Included in "Net gain on sale of loans and other mortgage banking revenue" in the Consolidated Statements of Income.
Activity for capitalized loan servicing rights
Activity for LSRs and the related valuation allowance for the three and six months ended June 30, 2016 are as follows:
(Dollars in thousands)
 
For the Three Months Ended June 30, 2016
 
For the Six Months Ended June 30, 2016
Balance at beginning of period
 
$
10,478

 
$
11,122

Additions
 
586

 
917

Amortization
 
(975
)
 
(1,950
)
Change in valuation allowance
 
(412
)
 
(412
)
Balance at end of period
 
$
9,677

 
$
9,677
Schedule of assumptions included in loan servicing rights
The following table presents assumptions utilized in determining the fair value of loan servicing rights as of June 30, 2017 and December 31, 2016.
 
 
Mortgage
As of June 30, 2017
 
 

Prepayment speed
 
0.0 - 35.7%

Weighted average ("WA") discount rate
 
10.1
%
Cost to service/per year
 
$
65

Ancillary income/per year
 
$
31

WA float range
 
1.2
%
As of December 31, 2016
 
 

Prepayment speed
 
0.0 - 99.8%

WA discount rate
 
10.1
%
Cost to service/per year
 
$65-$90

Ancillary income/per year
 
$
28

WA float range
 
1.0
%