GOODWILL, OTHER INTANGIBLE ASSETS AND MORTGAGE SERVICING RIGHTS (Tables)

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill and Intangible Assets

The following table summarizes the changes in the Company’s goodwill and other intangibles for the nine months ended September 30, 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			(1,269		)	(1,269		)
Balance, September 30, 2015	$	21,148	$	5,457		$	26,605

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	$	257
2016	944
2017	872
2018	809
2019	746
Thereafter	1,829
	$	5,457

Schedule of Servicing Assets at Amortized Value

An analysis of our mortgage servicing rights, net of valuation allowances, for the three and nine months ended September 30, 2015 and 2014 is presented below (in thousands):

	Three Months Ended September 30						Nine Months Ended September 30
	2015			2014			2015			2014
Balance, beginning of the period	$	12,329		$	8,481		$	9,030		$	8,086
Additions—amounts capitalized	1,360			846			4,052			2,215
Additions—acquired through business combinations	—			—			2,172			—
Amortization (1)	(810		)	(543		)	(2,375		)	(1,517		)
Valuation adjustments in the period	—			—			—			—
Balance, end of the period (2)	$	12,879		$	8,784		$	12,879		$	8,784

⁽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 September 30, 2015 and 2014.