XML 37 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Mortgage Servicing Rights (Tables)
 9 Months Ended
Sep. 30, 2016
Transfers and Servicing [Abstract]  
Summary of Changes in Mortgage Servicing Rights
The following table summarizes the changes in mortgage servicing rights ("MSRs"), which are included in other assets on the consolidated balance sheets:
 
Three months ended September 30
 
Nine months ended September 30
 
2016
 
2015
 
2016
 
2015
 
(in thousands)
Amortized cost:
 
 
 
 
 
 
 
Balance at beginning of period
$
39,874

 
$
41,598

 
$
40,944

 
$
42,148

Originations of mortgage servicing rights
1,499

 
1,463

 
3,927

 
4,976

Amortization
(2,064
)
 
(1,829
)
 
(5,562
)
 
(5,892
)
Balance at end of period
$
39,309

 
$
41,232

 
$
39,309

 
$
41,232

 
 
 
 
 
 
 
 
Valuation allowance:
 
 
 
 
 
 
 
Balance at beginning of period
$
(1,721
)
 
$
—

 
$
—

 
$
—

Additions
(1,280
)
 
—

 
(3,001
)
 
—

Balance at end of period
$
(3,001
)
 
$
—

 
$
(3,001
)
 
$
—

 
 
 
 
 
 
 
 
Net MSRs at end of period
$
36,308

 
$
41,232

 
$
36,308

 
$
41,232