Mortgage Servicing Rights (Tables)

9 Months Ended

Sep. 30, 2015

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


	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Mortgage servicing rights:
Balance at beginning of period	$	7,814		$	5,909		$	7,378		$	6,165
Additions		238			164			659			440
Change in fair value		(585	)		(88	)		(570	)		(620	)

Balance at end of period	$	7,467		$	5,985		$	7,467		$	5,985


Servicing, late and ancillary fees received	$	480		$	403		$	1,542		$	1,244
Balance of loans serviced at:
Beginning of period	$	827,333		$	667,969		$	840,288		$	680,197
End of period	$	816,967		$	664,342		$	816,967		$	664,342
Weighted-average prepayment speed (CPR)		10.5	%		10.4	%
Discount rate		10.0	%		10.0	%