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Mortgage Servicing Rights (Tables)
 6 Months Ended
Jun. 30, 2016
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
 
2016
 
2015
 
2016
 
2015
 
(in thousands)
Amortized cost:
 
 
 
 
 
 
 
Balance at beginning of period
$
40,195

 
$
41,803

 
$
40,944

 
$
42,148

Originations of mortgage servicing rights
1,508

 
1,956

 
2,428

 
3,513

Amortization
(1,829
)
 
(2,161
)
 
(3,498
)
 
(4,063
)
Balance at end of period
$
39,874

 
$
41,598

 
$
39,874

 
$
41,598

 
 
 
 
 
 
 
 
Valuation allowance:
 
 
 
 
 
 
 
Balance at beginning of period
$
—

 
$
—

 
$
—

 
$
—

Additions
(1,721
)
 
—

 
(1,721
)
 
—

Balance at end of period
$
(1,721
)
 
$
—

 
$
(1,721
)
 
$
—

 
 
 
 
 
 
 
 
Net MSRs at end of period
$
38,153

 
$
41,598

 
$
38,153

 
$
41,598