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Mortgage Banking Activities (Tables)
6 Months Ended
Jun. 30, 2012
Mortgage Banking Activities [Abstract]  
Capitalized mortgage servicing rights
                 
    Six Months
Ended June 30,
2012
    Six Months
Ended June 30,
2011
 
    (Dollars in thousands)  

Balance, beginning of year

  $ 6,375     $ 6,400  

Originations

    1,167       1,036  
     

Amortized to expense

    (1,282     (1,002
   

 

 

   

 

 

 

Balance, end of period

    6,260       6,434  
     

Less valuation allowance

    (1,344     (58
   

 

 

   

 

 

 

Net balance

  $ 4,916     $ 6,376  
   

 

 

   

 

 

 
Valuation allowance for mortgage servicing rights
                 
    Six Months
Ended June 30,
2012
    Six Months
Ended June 30,
2011
 
    (Dollars in thousands)  

Balance, beginning of year

  $ (1,785   $ (285

Impairment charges

    (507     —    

Recoveries

    948       227  
   

 

 

   

 

 

 

Balance, end of period

  $ (1,344   $ (58
   

 

 

   

 

 

 
Key economic assumptions in measuring the value of mortgage servicing rights
                 
    June  30,
2012
    December 31,
2011
 

Weighted average prepayment rate

    444 PSA       475 PSA  

Weighted average life (in years)

    3.82       3.70  

Weighted average discount rate

    8     8