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Mortgage Servicing Rights ("MSRs") (Tables)
6 Months Ended
Jun. 30, 2014
Transfers and Servicing [Abstract]  
Schedule of Servicing Assets at Fair Value
The following table presents activity in MSRs for the periods shown (dollars in thousands):
 
 
Three months ended  
 June 30,
 
Six months ended  
 June 30,
 
2014
 
2013
 
2014
 
2013
Balance at beginning of period
$
2,228

 
$
1,546

 
$
2,232

 
$
1,308

Additions
191

 
339

 
286

 
649

Amortization
(180
)
 
(99
)
 
(279
)
 
(171
)
Change in valuation allowance

 

 

 

Balances at end of period
$
2,239

 
$
1,786

 
$
2,239

 
$
1,786

Mortgage Banking Income
Mortgage banking income, net, consisted of the following for the periods shown (dollars in thousands):
 
Three months ended  
 June 30,
 
Six months ended  
 June 30,
 
2014
 
2013
 
2014
 
2013
Origination and processing fees
$
196

 
$
123

 
$
298

 
$
296

Gain on sales of mortgage loans, net
442

 
918

 
716

 
1,882

MSR valuation allowance

 

 

 

Servicing fees
164

 
118

 
321

 
213

Amortization
(180
)
 
(99
)
 
(279
)
 
(171
)
Mortgage banking income, net
$
622

 
$
1,060

 
$
1,056

 
$
2,220