Mortgage Servicing Rights (Tables)

3 Months Ended

Mar. 31, 2013

Summary of Changes in Mortgage Servicing Rights

The following table summarizes the changes in mortgage servicing rights (MSRs), which are included in other assets on the consolidated balance sheets:



	Three months ended March 31
	2013			2012
	(in thousands)
Amortized cost:
Balance at beginning of period	$	39,737		$	34,666
Originations of mortgage servicing rights	4,227			2,778
Amortization	(2,958		)	(2,185		)
Balance at end of period	$	41,006		$	35,259

Valuation allowance	$	(3,680	)	$	(1,550	)

Net MSRs at end of period	$	37,326		33,709

- Definition

Tabular disclosure of the activity in the balance of servicing assets subsequently measured at amortized value (including a description of where changes in carrying value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (through purchases of servicing assets and servicing assets that result from transfers of financial assets), disposals, amortization, application of valuation allowances, other-than-temporary impairments, and other changes that affect the balance along with a description of those changes.

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