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Loan Servicing Rights (Tables)
 6 Months Ended
Jun. 30, 2016
Text Block [Abstract]  
Components of Loan Servicing Rights and Valuation Allowance

The following table summarizes the carrying values and activity related to loan servicing rights and the related valuation allowance for the six months ended June 30, 2016 and 2015:

 

(dollars in thousands)

    2016      2015  

Balance at January 1,

    $ 10,502       $ 9,584   

Additions (1)

      17,126         1,754   

Amortization

      (1,866 )       (1,271 ) 
  

 

 

     

 

 

  

Balance before valuation allowance at June 30,

      25,762         10,067   
  

 

 

     

 

 

  

Valuation allowance:

      

Balance at January 1,

      (34 )       (50 ) 

(Additions)/recoveries

      28         10   
  

 

 

     

 

 

  

Balance at June 30,

      (6 )       (40 ) 
  

 

 

     

 

 

  

Loan servicing rights, net

    $ 25,756       $ 10,027   
  

 

 

     

 

 

  

 

(1) In May 2016, the Company assumed $15.3 million of loan servicing rights related to the Anchor acquisition.