XML 90 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
Mortgage Banking Activities (Tables)
12 Months Ended
Dec. 31, 2012
Mortgage Banking Activities [Abstract]  
Principal balance of mortgage servicing rights
                 
    2012     2011  

Mortgage loan portfolios serviced for:

               

FHLMC

  $ 817,108     $ 770,131  

FNMA

    316,142       361,535  
Capitalized mortgage servicing rights
                         
    2012     2011     2010  
    (Dollars in thousands)  

Balance, beginning of year

  $ 6,375     $ 6,400     $ 6,228  

Originations

    2,395       2,204       2,621  

Amortized to expense

    (2,584     (2,229     (2,449
   

 

 

   

 

 

   

 

 

 

Balance, end of year

    6,186       6,375       6,400  

Less valuation allowance

    (680     (1,785     (285
   

 

 

   

 

 

   

 

 

 

Net balance

  $ 5,506     $ 4,590     $ 6,115  
   

 

 

   

 

 

   

 

 

 
Valuation allowance for mortgage servicing rights
                         
    2012     2011     2010  
    (Dollars in thousands)  

Balance, beginning of year

  $ (1,785   $ (285   $ (423

Impairment charges

    (1,179     (1,727     (1,279

Recoveries

    2,284       227       1,417  
   

 

 

   

 

 

   

 

 

 

Balance, end of year

  $ (680   $ (1,785   $ (285
   

 

 

   

 

 

   

 

 

 
Key economic assumptions in measuring the value of mortgage servicing rights
                 
    2012     2011  

Weighted average prepayment rate

    401 PSA       475 PSA  

Weighted average life (in years)

    3.93       3.70  

Weighted average discount rate

    8     8
Estimated amortization expense
         
    (Dollars in thousands)  

2013

  $ 1,352  

2014

    1,252  

2015

    1,157  

2016

    1,107  

2017

    776