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Other Assets (Tables)
12 Months Ended
Dec. 31, 2016
Other Assets  
Schedule of carrying amount of goodwill reported in reporting units

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

 

Commercial

 

 

 

 

(in thousands)

    

Banking

    

Banking

    

Total

  

December 31, 2016

 

$

687,492

 

$

308,000

 

$

995,492

 

December 31, 2015

 

 

687,492

 

 

308,000

 

 

995,492

 

 

Schedule of estimated future amortization expense for mortgage servicing assets

 

 

 

 

 

 

 

Estimated

 

(dollars in thousands)

    

Amortization

  

Year ending December 31:

 

 

 

 

2017

 

$

2,435

 

2018

 

 

2,124

 

2019

 

 

1,863

 

2020

 

 

1,637

 

2021

 

 

1,436

 

 

Schedule of gross carrying values, accumulated amortization, and net carrying values of mortgage servicing assets

 

 

 

 

 

 

 

 

 

 

December 31, 

 

(dollars in thousands)

    

2016

    

2015

 

Gross carrying amount

 

$

56,544

 

$

56,479

 

Accumulated amortization

 

 

39,735

 

 

35,044

 

Net carrying value

 

$

16,809

 

$

21,435

 

 

Schedule of changes in amortized mortgage servicing assets

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

(dollars in thousands)

    

2016

    

2015

  

Balance at beginning of year

 

$

21,435

 

$

25,191

 

Originations

 

 

65

 

 

1,786

 

Amortization

 

 

(4,691)

 

 

(5,542)

 

Balance at end of year

 

$

16,809

 

$

21,435

 

Fair value of amortized MSRs at end of year

 

$

25,160

 

$

29,676

 

Balance of loans serviced for others

 

$

2,702,489

 

$

3,220,865

 

 

Schedule of quantitative assumptions used in determining lower of cost or fair value of MSRs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

2015

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

    

Range

    

Average

    

Range

    

Average

 

Conditional prepayment rate

 

8.61

%

 -

18.01

%

9.16

%

8.54

%

 -

16.50

%

9.20

%

Life in years (of the MSR)

 

3.75

 

 -

7.26

 

6.19

 

3.89

 

 -

7.42

 

6.36

 

Weighted-average coupon rate

 

3.99

%

 -

6.87

%

4.06

%

4.02

%

 -

7.02

%

4.08

%

Discount rate

 

10.46

%

 -

10.52

%

10.50

%

10.50

%

 -

10.52

%

10.50

%