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SERVICING RIGHTS (Tables)
 12 Months Ended
Dec. 31, 2015
Transfers and Servicing [Abstract]  
Servicing Rights
The following table presents a composition of servicing rights as of the dates indicated:
 
December 31,
 
2015
 
2014
 
(In thousands)
Mortgage servicing rights, at fair value
$
49,939

 
$
19,082

SBA servicing rights, at cost
788

 
484

Total
$
50,727

 
$
19,566
Mortgage Servicing Rights Fair Value and Weighted Average Life
The following table presents the key characteristics, inputs and economic assumptions used to estimate the Level 3 fair value of the MSRs as of the dates indicated:
 
December 31,
 
2015
 
2014
 
($ in thousands)
Fair value of retained MSRs
$
49,939

 
$
13,135

Discount rate
9.75
%
 
10.09
%
Constant prepayment rate
11.81
%
 
13.22
%
Weighted-average life (in years)
6.48

 
5.80
Mortgage Servicing Rights
The following table presents activity in the MSRs for the periods indicated:
 
Year Ended December 31,
2015
 
2014
 
2013
 
(In thousands)
Balance at beginning of year
$
19,082

 
$
13,535

 
$
1,739

Additions
45,263

 
26,399

 
11,463

Changes in fair value resulting from valuation inputs or assumptions
(3,568
)
 
(233
)
 
1,360

Sales of servicing rights
(5,862
)
 
(17,773
)
 
—

Other—loans paid off
(4,976
)
 
(2,846
)
 
(1,027
)
Balance at end of year
$
49,939

 
$
19,082

 
$
13,535
Small Business Administration Servicing Rights
The following table presents activity in the SBA servicing rights for the periods indicated:
 
Year Ended December 31,
2015
 
2014
 
2013
 
(In thousands)
Balance at beginning of year
$
484

 
$
348

 
$
539

Additions
597

 
261

 
32

Amortization, including prepayments
(71
)
 
(83
)
 
(223
)
Impairment
(222
)
 
(42
)
 
—

Balance at end of year
$
788

 
$
484

 
$
348