Mortgage Servicing Rights

12 Months Ended

Dec. 31, 2013

(In Thousands)

Changes in the Company’s mortgage servicing rights were as follows:



Carrying value at January 1, 2013	$	4,233
Capitalization	5,607
Amortization	(846		)
Carrying value at December 31, 2013	$	8,994

Data and key economic assumptions related to the Company’s mortgage servicing rights as of December 31, 2013 are as follows:



Unpaid principal balance	$	889,213
Weighted-average prepayment speed (CPR)	5.07		%
Estimated impact of a 10% increase	$	(717	)
Estimated impact of a 20% increase	(955		)

Discount rate	11.26		%
Estimated impact of a 100bp increase	$	(785	)
Estimated impact of a 200bp increase	(1,077		)

Weighted-average coupon interest rate	3.43		%
Weighted-average servicing fee (basis points)	25.09
Weighted-average remaining maturity (in months)	291

- Definition

The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows.

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