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Transfers And Servicing Of Financial Assets (Including Mortgage Banking Activities) (Tables)
12 Months Ended
Dec. 31, 2012
Components Of Mortgage Banking Activity

The following table details the mortgage banking activity as of and for the years ended December 31:

 

(Dollars in thousands)       
Mortgage loans held for sale    2012     2011     2010  

Balance, beginning of period

   $ 153,013      $ 83,905      $ 66,945   

Balance acquired during the period

     —          3,385        —     

Originations

     2,432,367        1,659,226        1,772,486   

Sales

     (2,317,905     (1,593,503     (1,755,526
  

 

 

   

 

 

   

 

 

 

Balance, end of period

   $ 267,475      $ 153,013      $ 83,905   
  

 

 

   

 

 

   

 

 

 
(Dollars in thousands)       
Detail of mortgage income    2012     2011     2010  

Fair value changes of derivatives and mortgage loans held for sale, net

   $ 6,772      $ 937      $ —     

Gains on sales

     70,811        43,955        47,689   

Servicing and other income, net

     470        285        318   
  

 

 

   

 

 

   

 

 

 

Total mortgage income

   $ 78,053      $ 45,177      $ 48,007   
  

 

 

   

 

 

   

 

 

 
Schedule Of Mortgage Servicing Rights At Carrying Values

Mortgage servicing rights had the following carrying values at December 31:

 

     2012      2011  
(Dollars in thousands)    Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
 

Mortgage servicing rights

     1,234         (304     930         340         (194     146   
Schedule Of Related Amortization Expense Of Mortgage Servicing Assets

The related amortization expense of mortgage servicing assets is as follows:

 

(Dollars in thousands)    Amount  

Aggregate amortization expense for the year ended December 31:

  

2010

   $ 125   

2011

     115   

2012

     225   

Estimated amortization expense for the year ended December 31:

  

2013

   $ 282   

2014

     230   

2015

     180   

2016

     130   

2017

     83   

2018 and thereafter

     25