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Intangible Assets | 3 Months Ended
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Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | ntangible Assets The carrying amount of the Company’s goodwill as of March 31, 2016 and December 31, 2015 was $105.4 million. There was no impairment of goodwill during the three months ended March 31, 2016 and 2015. Core deposit intangible assets are amortized over their estimated lives, which range from seven to ten years. Amortization expense related to core deposit intangible assets totaled $212 thousand and $267 thousand for the three months ended March 31, 2016 and 2015, respectively. The following table provides information regarding the core deposit intangibles at March 31, 2016:
|  |  | As of March 31, 2016
| Amortization period |  | Gross Carrying Amount |  | Accumulated Amortization
|  |  | (In thousands)
Core deposit—Center Financial Corporation acquisition | 7 years |  | $ | 4,100 |  |  | $ | (3,365 | )
Core deposit—PIB acquisition | 7 years |  | 603 |  |  | (401 | )
Core deposit—Foster acquisition | 10 years |  | 2,763 |  |  | (1,093 | )
Total |  |  | $ | 7,466 |  |  | $ | (4,859 | )
Servicing assets are recognized when SBA loans are sold with servicing retained with the income statement effect recorded in net gains on sales of SBA loans. Servicing assets are initially recorded at fair value based on the present value of the contractually specified servicing fee, net of servicing costs, over the estimated life of the loan, using a discount rate based on the related note rate. The Company’s servicing costs approximates the industry average servicing costs of 40 basis points. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Management periodically evaluates servicing assets for impairment based upon the fair value of the rights as compared to the carrying amount. Impairment is determined by stratifying rights into groupings based on loan type. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. The changes in servicing assets for the three months ended March 31, 2016 were as follows:
|  | Three Months Ended March 31,
|  | 2016 |  | 2015
|  | (In thousands)
Balance at beginning of period |  | $ | 12,000 |  |  | $ | 10,341 |
Additions through originations of servicing assets |  | 777 |  |  | 1,045 |
Amortization |  | (921 | ) |  | (857 | )
Balance at end of period |  | $ | 11,856 |  |  | $ | 10,529 |
The Company utilizes the discounted cash flow method to calculate the initial excess servicing assets. The inputs used in determining the fair value of the servicing assets at March 31, 2016 and December 31, 2015 are presented below.
|  | March 31, 2016 |  | December 31, 2015
|  | Range |  | Range
Weighted-average discount rate |  | 5.57% ~ 6.12% |  | 5.59% ~ 6.01%
Constant prepayment rate |  | 7.20% ~ 11.90% |  | 7.30% ~11.90%

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 + Details
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