Goodwill, Core Deposit Premium and Other Intangible Assets (Tables)
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9 Months Ended |
Sep. 30, 2015 |
Goodwill and Intangible Assets Disclosure [Abstract] |
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Schedule of Gross Carrying Amount and Accumulated Amortization of Other Intangible Assets |
The gross carrying amount of other intangible assets and the associated accumulated amortization at September 30, 2015, and December 31, 2014, are presented in the table below, in thousands: | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2015 | | December 31, 2014 | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | Amortizing intangible assets: | | | | | | | | | | | | Core deposit intangibles | $ | 29,138 |
| | $ | 14,572 |
| | $ | 14,566 |
| | $ | 21,069 |
| | $ | 12,525 |
| | $ | 8,544 |
| Mortgage servicing rights | 44,166 |
| | 14,566 |
| | 29,600 |
| | 37,825 |
| | 12,841 |
| | 24,984 |
| Customer relationship intangible | 1,177 |
| | 805 |
| | 372 |
| | 1,177 |
| | 773 |
| | 404 |
| Commercial servicing rights | 4,959 |
| | 802 |
| | 4,157 |
| | — |
| | — |
| | — |
| Total | $ | 79,440 |
| | $ | 30,745 |
| | $ | 48,695 |
| | $ | 60,071 |
| | $ | 26,139 |
| | $ | 33,932 |
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Schedule of Estimated Future Amortization Expense of Amortizable Intangible Assets |
The following table shows the estimated future amortization expense for amortizable intangible assets, in thousands: | | | | | | | | | | | | | | | | | | | | | | Core Deposit Intangibles | | Mortgage Servicing Rights | | Customer Relationship Intangible | | Commercial Servicing Rights | | Total | Three months ending December 31, 2015 | $ | 755 |
| | $ | 2,087 |
| | $ | 11 |
| | $ | 221 |
| | $ | 3,074 |
| Year ending December 31, | | | | | | | | | | 2016 | 2,772 |
| | 6,878 |
| | 41 |
| | 866 |
| | 10,557 |
| 2017 | 2,452 |
| | 5,896 |
| | 40 |
| | 820 |
| | 9,208 |
| 2018 | 2,169 |
| | 4,913 |
| | 39 |
| | 731 |
| | 7,852 |
| 2019 | 1,886 |
| | 3,930 |
| | 38 |
| | 563 |
| | 6,417 |
| 2020 | 1,619 |
| | 2,948 |
| | 37 |
| | 364 |
| | 4,968 |
| Thereafter | 2,913 |
| | 2,948 |
| | 166 |
| | 592 |
| | 6,619 |
| Total | $ | 14,566 |
| | $ | 29,600 |
| | $ | 372 |
| | $ | 4,157 |
| | $ | 48,695 |
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Summary of Changes in Servicing Rights |
The following table summarizes, in thousands, the changes in capitalized commercial servicing rights for the nine months ended September 30, 2015, and September 30, 2014: | | | | | | | | | | 2015 | | 2014 | Balance at January 1 | $ | — |
| | $ | — |
| Purchased commercial servicing rights | 4,255 |
| | — |
| Originations | 704 |
| | — |
| Amortization | (802 | ) | | — |
| Balance at September 30 | $ | 4,157 |
| | $ | — |
| Fair value of commercial servicing rights | $ | 4,412 |
| | $ | — |
| Commercial servicing rights, net to servicing portfolio | 2.33 | % | | — | % |
The following table summarizes, in thousands, the changes in capitalized mortgage servicing rights for the nine months ended September 30, 2015, and September 30, 2014: | | | | | | | | | | 2015 | | 2014 | Balance at January 1 | $ | 24,984 |
| | $ | 21,788 |
| Originations | 11,062 |
| | 5,955 |
| Amortization | (6,446 | ) | | (3,778 | ) | Balance at September 30 | $ | 29,600 |
| | $ | 23,965 |
| Fair value of mortgage servicing rights | $ | 40,166 |
| | $ | 33,260 |
| Mortgage servicing rights, net to servicing portfolio | 0.75 | % | | 0.71 | % |
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