XML 39 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Mortgage Servicing Rights (Tables)
 6 Months Ended
Jun. 30, 2014
Transfers and Servicing [Abstract]  
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 June 30
 
Six months ended
June 30
 
2014
 
2013
 
2014
 
2013
 
(in thousands)
Amortized cost:
 
 
 
 
 
 
 
Balance at beginning of period
$
41,668

 
$
41,006

 
$
42,452

 
$
39,737

Originations of mortgage servicing rights
1,236

 
3,235

 
2,351

 
7,462

Amortization
(318
)
 
(2,491
)
 
(2,217
)
 
(5,449
)
Balance at end of period
$
42,586

 
$
41,750

 
$
42,586

 
$
41,750

 
 
 
 
 
 
 
 
Valuation allowance:
 
 
 
 
 
 
 
Balance at beginning of period
$
—

 
$
(3,680
)
 
$
—

 
$
(3,680
)
Reversals (additions)
—

 
1,990

 
—

 
1,990

Balance at end of period
$
—

 
$
(1,690
)
 
$
—

 
$
(1,690
)
 
 
 
 
 
 
 
 
Net MSRs at end of period
$
42,586

 
$
40,060

 
$
42,586

 
$
40,060