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OTHER INTANGIBLE ASSETS AND MORTGAGE SERVICING RIGHTS (Tables)
 12 Months Ended
Dec. 31, 2013
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 years ended December 31, 2011, 2012 and 2013 (in thousands):
 
CDI
 
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

Amortization
(2,092
)
 
(9
)
 
(2,101
)
Balance, December 31, 2012
4,230

 
—

 
4,230

Additions through acquisition
160

 
—

 
160

Amortization
(1,941
)
 
—

 
(1,941
)
Balance, December 31, 2013
$
2,449

 
$
—

 
$
2,449
Schedule of Estimated Annual Amortization Expense
Estimated amortization expense in future years with respect to existing intangibles as of December 31, 2013 (in thousands):
Year Ended
CDI
December 31, 2014
$
1,800

December 31, 2015
640

December 31, 2016
9

Net carrying amount
$
2,449
Schedule of Servicing Assets at Amortized Value
An analysis of the mortgage servicing rights for the years ended December 31, 2013, 2012 and 2011 is presented below (in thousands):
 
Years Ended December 31
 
2013
 
2012
 
2011
Balance, beginning of the year
$
6,244

 
$
5,584

 
$
5,441

Amounts capitalized
2,913

 
3,662

 
1,928

Amortization (1)
(2,371
)
 
(2,602
)
 
(1,785
)
Valuation adjustments in the period
1,300

 
(400
)
 
—

Balance, end of the year (2)
$
8,086

 
$
6,244

 
$
5,584


(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) 
Balances as of December 31, 2012 and 2011 are net of valuation allowances of $1.3 million and $900,000, respectively.