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MORTGAGE SERVICING RIGHTS
 12 Months Ended
Dec. 31, 2012
Transfers and Servicing [Abstract]  
Mortgage Servicing Rights
MORTGAGE SERVICING RIGHTS

The activity of the servicing asset for 2012, 2011 and 2010 is as follows:
 
 
2012
 
2011
 
2010
Balance, January 1
$
4,346

 
$
2,894

 
$
4,552

Amortization expense recognized during the year
(2,260
)
 
(1,984
)
 
(1,354
)
Adoption of change in accounting for QSPE
—

 
—

 
(304
)
Acquisition of servicing asset
—

 
3,436

 
—

Servicing asset impairment
(302
)
 
—

 
—

Balance, December 31
$
1,784

 
$
4,346

 
$
2,894


    
During 2011, BancShares acquired the rights to service mortgage loans that had previously been sold by United Western. The asset was recorded at its fair value and is being amortized over the remaining estimated servicing life at acquisition of 60 months. In conjunction with the adoption of the change in accounting for QSPEs during 2010, the servicing asset related to a previous asset securitization was eliminated resulting in a decrease to the servicing asset of $304. BancShares does not hedge its mortgage servicing asset.