Mortgage banking activities

12 Months Ended

Dec. 31, 2013

Notes to Financial Statements [Abstract]

Mortgage Banking Activities [Text BLock]

Note 12– Mortgage banking activities

The caption of mortgage banking activities in the consolidated statements of operations consists of the following categories:

		Year ended December 31,
(In thousands)			2013		2012		2011
Mortgage servicing fees, net of fair value adjustments:
	Mortgage servicing fees	$	45,481	$	48,176	$	49,158
	Mortgage servicing rights fair value adjustments		(11,403)		(17,406)		(37,061)
Total mortgage servicing fees, net of fair value adjustments			34,078		30,770		12,097
Net gain on sale of loans, including valuation on loans held for sale			26,719		76,181		25,621
Trading account profit (loss) :
	Unrealized gains on outstanding derivative positions		746		304		956
	Realized gains (losses) on closed derivative positions		10,130		(22,464)		(43,157)
Total trading account profit (loss)			10,876		(22,160)		(42,201)
Total mortgage banking activities		$	71,673	$	84,791	$	(4,483)