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NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS (Tables)

12 Months Ended

Dec. 31, 2017

Changes in Servicing Assets [Table Text Block]

	The changes in servicing assets for the indicated years are shown below:
		Year Ended December 31,
		2017			2016			2015
	(In thousands)
	Balance at beginning of year	$	26,244		$	24,282		$	22,838
	Capitalization of servicing assets		3,318			5,260			4,919
	Amortization		(3,091)			(3,229)			(3,159)
	Adjustment to fair value		(1,611)			(325)			(228)
	Other (1)		395			256			(88)
	Balance at end of year	$	25,255		$	26,244		$	24,282
(1)	Amount represents the adjustment to fair value related to the repurchase of loans serviced for others.

Changes in Impairment Allowance [Table Text Block]

Changes in the impairment allowance were as follows:
	Year ended December 31,
	2017			2016			2015
(In thousands)
Balance at beginning of year	$	461		$	136		$	55
Temporary impairment charges		1,611			466			285
OTTI of servicing assets		(621)			-			(147)
Recoveries		-			(141)			(57)
Balance at end of year	$	1,451		$	461		$	136

Components of Net Servicing Income [Table Text Block]

The components of net servicing income are shown below:
	Year ended December 31,
	2017			2016			2015
(In thousands)
Servicing fees	$	7,630		$	7,606		$	7,211
Late charges and prepayment penalties		405			674			765
Adjustment for loans repurchased		395			256			(88)
Other (1)		(35)			(1)			(161)
Servicing income, gross		8,395			8,535			7,727
Amortization and impairment of servicing assets		(4,702)			(3,554)			(3,387)
Servicing income, net	$	3,693		$	4,981		$	4,340
(1) Mainly consisted of compensatory fees imposed by GSEs.

Key Economic Assumptions Used in Determining Fair Value at Time of Sale of Loans [Table Text Block]

The Corporation’s servicing assets are subject to prepayment and interest rate risks. Key economic assumptions used in determining the fair value at the time of the sale of the related mortgages ranged as follows:
	Maximum			Minimum
2017:
Constant prepayment rate:
Government-guaranteed mortgage loans	6.2	%		6.0	%
Conventional conforming mortgage loans	6.7	%		6.3	%
Conventional non-conforming mortgage loans	9.5	%		9.1	%
Discount rate:
Government-guaranteed mortgage loans	12.0	%		12.0	%
Conventional conforming mortgage loans	10.0	%		10.0	%
Conventional non-conforming mortgage loans	14.3	%		14.3	%
2016:
Constant prepayment rate:
Government-guaranteed mortgage loans	7.6	%		5.9	%
Conventional conforming mortgage loans	8.0	%		6.3	%
Conventional non-conforming mortgage loans	14.1	%		9.3	%
Discount rate:
Government-guaranteed mortgage loans	12.0	%		11.5	%
Conventional conforming mortgage loans	10.0	%		9.5	%
Conventional non-conforming mortgage loans	14.3	%		13.8	%
2015:
Constant prepayment rate:
Government-guaranteed mortgage loans	9.2	%		7.8	%
Conventional conforming mortgage loans	9.0	%		7.9	%
Conventional non-conforming mortgage loans	14.4	%		12.9	%
Discount rate:
Government-guaranteed mortgage loans	11.5	%		11.5	%
Conventional conforming mortgage loans	9.5	%		9.5	%
Conventional non-conforming mortgage loans	13.8	%		13.8	%

Weighted-Averages of Key Economic Assumptions in Valuation Model [Table Text Block]

(Dollars in thousands)
Carrying amount of servicing assets	$	25,255
Fair value	$	29,368
Weighted-average expected life (in years)		8.23
Constant prepayment rate (weighted-average annual rate)		6.30	%
Decrease in fair value due to 10% adverse change	$	746
Decrease in fair value due to 20% adverse change	$	1,460
Discount rate (weighted-average annual rate)		11.23	%
Decrease in fair value due to 10% adverse change	$	1,234
Decrease in fair value due to 20% adverse change	$	2,365

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Tabular disclosure of all information related to the key inputs and assumptions used in measuring the fair value of assets obtained or liabilities incurred, as the result of a sale of financial assets, relating to the transferor's continuing involvement, if any, at the time of securitization, asset-backed financing arrangement, or similar transfer (including at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses, including expected static pool losses).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=82924980&loc=d3e107207-111719

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- Definition

Tabular disclosure of a sensitivity analysis or stress test showing the hypothetical effect on the fair value of the transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) of two or more unfavorable variations from the expected levels for each key assumption that is reported, independently determined from any change in another key assumption, and a description of the objectives, methodology, and limitations of the sensitivity analysis or stress test.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=82924980&loc=d3e107314-111719

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
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Tabular disclosure of the activity by class in any valuation allowance for impairment of recognized servicing assets - including beginning and ending balances, aggregate additions charged and recoveries credited to operations, and aggregate write-downs charged against allowance.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
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-Paragraph 4
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