XML 43 R42.htm IDEA: XBRL DOCUMENT v2.4.0.8
OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2013
OTHER INTANGIBLE ASSETS  
Schedule of changes in other intangible assets

 

Core

 

Mortgage

 

 

 

 

 

 

 

 

 

Deposit

 

Servicing

 

Customer

 

Non-compete

 

 

 

 

 

Premium

 

Rights

 

Relationships

 

Agreements

 

Total

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2011

 

$

18,053

 

$

22,933

 

$

910

 

$

90

 

$

41,986

 

Additions

 

—

 

5,692

 

—

 

—

 

5,692

 

Amortization

 

(2,675

)

(6,504

)

(58

)

(25

)

(9,262

)

Impairment charges

 

—

 

—

 

(852

)

(65

)

(917

)

Balance as of December 31, 2012

 

$

15,378

 

$

22,121

 

$

—

 

$

—

 

$

37,499

 

Additions

 

—

 

2,702

 

—

 

—

 

2,702

 

Amortization

 

(2,674

)

(4,744

)

—

 

—

 

(7,418

)

Balance as of December 31, 2013

 

$

12,704

 

$

20,079

 

$

—

 

$

—

 

$

32,783

 
Schedule of gross carrying value and accumulated amortization related to intangible assets

December 31, 2013

 

December 31, 2012

 

 

 

Gross

 

 

 

Net

 

Gross

 

 

 

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

 

 

 

Value

 

Amortization

 

Value

 

Value

 

Amortization

 

Value

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit premium

 

$

44,642

 

$

(31,938

)

$

12,704

 

$

44,642

 

$

(29,264

)

$

15,378

 

Mortgage servicing rights

 

54,441

 

(34,362

)

20,079

 

51,739

 

(29,618

)

22,121

 

Customer relationships

 

—

 

—

 

—

 

1,400

 

(1,400

)

—

 

Non-compete agreements

 

—

 

—

 

—

 

300

 

(300

)

—

 

Total

 

$

99,083

 

$

(66,300

)

$

32,783

 

$

98,081

 

$

(60,582

)

$

37,499

 
Schedule of estimated amortization expense

 

Estimated Amortization Expense

 

 

 

 

 

Mortgage

 

 

 

 

 

Core Deposit

 

Servicing

 

 

 

 

 

Premium

 

Rights

 

Total

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

2014

 

$

2,674

 

$

2,452

 

$

5,126

 

2015

 

2,674

 

1,669

 

4,343

 

2016

 

2,674

 

1,099

 

3,773

 

2017

 

2,674

 

669

 

3,343

 

2018

 

2,008

 

296

 

2,304

 

Thereafter

 

—

 

13,894

 

13,894

 

Total

 

$

12,704

 

$

20,079

 

$

32,783

 
Schedule of fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights

 

Year Ended December 31,

 

 

 

2013

 

2012

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Fair market value, beginning of period

 

$

22,356

 

$

23,149

 

Fair market value, end of period

 

21,399

 

22,356

 

Weighted average discount rate

 

8.0

%

8.0

%

Weighted average prepayment speed assumption

 

13.6

 

14.0