Mortgage Servicing Rights

12 Months Ended

Dec. 31, 2011

Mortgage Servicing Rights [Abstract]

Mortgage Servicing Rights

Note 10 – Mortgage Servicing Rights

The following tables summarize the activity in, and the main assumptions we used to determine the fair value of mortgage servicing rights for the periods indicated (dollars in thousands):

	Years ended December 31,
	2011			2010			2009
Balance at beginning of period	$	4,605		$	4,089		$	2,972
Additions		1,105			1,545			1,668
Change in fair value		(1,107	)		(1,029	)		(551	)
Balance at end of period	$	4,603		$	4,605		$	4,089
Contractually specified servicing fees, late fees and ancillary fees earned	$	1,472		$	1,303		$	1,139
Balance of loans serviced at:
Beginning of period	$	573,300		$	505,947		$	431,195
End of period	$	598,185		$	573,300		$	505,947
Weighted-average prepayment speed (CPR)		19.3	%		15.4	%		17.3	%
Discount rate		9.0	%		9.0	%		9.0	%

The changes in fair value of MSRs that occurred during 2011 and 2010 were mainly due to principal reductions and changes in estimate life of the MSRs.