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Other Assets (Tables)
12 Months Ended
Dec. 31, 2018
Other Assets  
Schedule of carrying amount of goodwill reported in reporting units

 

 

 

 

 

 

 

 

 

 

 

 

Retail

 

Commercial

 

 

 

(in thousands)

    

Banking

    

Banking

    

Total

December 31, 2018

 

$

687,492

 

$

308,000

 

$

995,492

December 31, 2017

 

 

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:

 

 

 

2019

 

$

2,318

2020

 

 

2,048

2021

 

 

1,807

2022

 

 

1,592

2023

 

 

1,403

 

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

 

 

 

 

 

 

 

 

 

December 31, 

(dollars in thousands)

  

2018

  

2017

Gross carrying amount

 

$

63,342

 

$

56,571

Less: accumulated amortization

 

 

47,187

 

 

43,375

Net carrying value

 

$

16,155

 

$

13,196

 

Schedule of changes in amortized mortgage servicing assets

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

(dollars in thousands)

  

2018

  

2017

Balance at beginning of year

 

$

13,196

 

$

16,809

Originations

 

 

328

 

 

27

Purchases

 

 

6,444

 

 

 —

Amortization

 

 

(3,813)

 

 

(3,640)

Balance at end of year

 

$

16,155

 

$

13,196

Fair value of amortized MSRs at beginning of year

 

$

21,697

 

$

25,160

Fair value of amortized MSRs at end of year

 

$

27,662

 

$

21,697

Balance of loans serviced for others

 

$

2,664,860

 

$

2,342,619

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

December 31, 2017

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

  

Range

 

Average

 

Range

 

Average

 

Conditional prepayment rate

 

7.86

%

 -

19.26

%

8.31

%

8.53

%

 -

19.63

%

9.04

%

Life in years (of the MSR)

 

3.43

 

 -

7.68

 

7.19

 

3.29

 

 -

7.15

 

6.76

 

Weighted-average coupon rate

 

3.97

%

 -

6.70

%

4.02

%

3.97

%

 -

6.79

%

4.04

%

Discount rate

 

10.00

%

 -

10.02

%

10.00

%

10.50

%

 -

10.52

%

10.50

%