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INTANGIBLE ASSETS AND MORTGAGE SERVICING RIGHTS (Tables)
 9 Months Ended
Sep. 30, 2012
Other Intangible Assets and Mortgage Servicing Rights [Abstract]  
Schedule of Changes in Intangible Assets
The following table summarizes the changes in the Company’s core deposit intangibles and other intangibles for the nine months ended September 30, 2012 and the year ended December 31, 2011 (in thousands):

 
Core Deposit Intangibles
 
Other
 
Total
Balance, December 31, 2011
$
6,322

 
$
9

 
$
6,331

Amortization
(1,583
)
 
(8
)
 
(1,591
)
Balance, September 30, 2012
$
4,739

 
$
1

 
$
4,740


 
Core Deposit Intangibles
 
Other
 
Total
Balance, December 31, 2010
$
8,598

 
$
11

 
$
8,609

Amortization
(2,276
)
 
(2
)
 
(2,278
)
Balance, December 31, 2011
$
6,322

 
$
9

 
$
6,331
Schedule of Estimated Annual Amortization Expense
The following table presents the estimated annual amortization expense with respect to existing intangibles as of September 30, 2012 (in thousands):

Year Ended
 
Core Deposit
 Intangibles
 
Other
 
Total
December 31, 2012
 
$
2,092

 
$
9

 
$
2,101

December 31, 2013
 
1,908

 
—

 
1,908

December 31, 2014
 
1,724

 
—

 
1,724

December 31, 2015
 
598

 
—

 
598

Thereafter
 
—

 
—

 
—

 
 
$
6,322

 
$
9

 
$
6,331
Schedule of Servicing Assets at Amortized Value
An analysis of our mortgage servicing rights for the three and nine months ended September 30, 2012 and 2011 is presented below (in thousands):

 
Three Months Ended
September 30
 
Nine Months Ended
September 30
 
2012

 
2011

 
2012

 
2011

Balance, beginning of the period
$
6,202

 
$
5,369

 
$
5,584

 
$
5,441

Amounts capitalized
931

 
573

 
2,784

 
1,226

Amortization (1)
(682
)
 
(448
)
 
(1,917
)
 
(1,173
)
Balance, end of the period
$
6,451

 
$
5,494

 
$
6,451

 
$
5,494


(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.