INTANGIBLE ASSETS AND MORTGAGE SERVICING RIGHTS (Tables)

3 Months Ended

Mar. 31, 2015

Other Intangible Assets and Mortgage Servicing Rights [Abstract]

Schedule of Changes in Intangible Assets

The following table summarizes the changes in the Company’s goodwill and other intangibles for the three months ended March 31, 2015 and the year ended December 31, 2014 (in thousands):

	Goodwill		CDI			Total
Balance, December 31, 2013	$	—	$	2,449		$	2,449
Additions through acquisitions	—		2,372			2,372
Amortization			(1,990		)	(1,990		)
Balance, December 31, 2014	—		2,831			2,831
Additions through acquisitions	21,148		3,895			25,043
Amortization	—		(616		)	(616		)
Balance, March 31, 2015	$	21,148	$	6,110		$	27,258

Schedule of Estimated Annual Amortization Expense

The following table presents the estimated amortization expense with respect to intangibles for the periods indicated (in thousands):

	CDI
Remainder of 2015	$	910
2016	944
2017	872
2018	809
2019	746
Thereafter	1,829
	$	6,110

Schedule of Servicing Assets at Amortized Value

An analysis of our mortgage servicing rights, net of valuation allowances, for the three months ended March 31, 2015 and 2014 is presented below (in thousands):

	Three Months Ended March 31
	2015			2014
Balance, beginning of the period	$	9,030		$	8,086
Additions-amounts capitalized	1,216			575
Additions-acquired through business combinations	2,172			—
Amortization (1)	(709		)	(462		)
Balance, end of the period (2)	$	11,709		$	8,199

⁽¹⁾  Amortization of mortgage servicing rights is recorded as a reduction of loan servicing income and any unamortized balance is fully written off if the loan repays in full.

⁽²⁾  There was no valuation allowance as of March 31, 2015 and 2014.