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Loan Servicing Rights (Tables)
 12 Months Ended
Dec. 31, 2016
Text Block [Abstract]  
Components of Loan Servicing Rights and Valuation Allowance

The following table summarizes the activity related to loan servicing rights and the related valuation allowance in 2016 and 2015:

 

(dollars in thousands)

    2016      2015  

Balance at January 1,

    $ 10,502       $ 9,584   

Additions (1)

      20,280         3,187   

Amortization

      (5,153 )       (2,269 ) 
  

 

 

     

 

 

  

Balance before valuation allowance at December 31,

      25,629         10,502   
  

 

 

     

 

 

  

Valuation allowance:

      

Balance at January 1,

      (34 )       (50 ) 

(Additions)/recoveries

      (34 )       16   
  

 

 

     

 

 

  

Balance at December 31,

      (68 )       (34 ) 
  

 

 

     

 

 

  

Loan servicing rights, net

    $ 25,561       $ 10,468   
  

 

 

     

 

 

  

 

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