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OTHER INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2016
OTHER INTANGIBLE ASSETS |
Schedule of gross carrying value and accumulated amortization related to intangible assets | The gross carrying value and accumulated amortization related to our intangible assets are presented below:
| September 30, 2016 |  | December 31, 2015
(dollars in thousands) | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Core deposit premium | $ | 44,642 |  |  | $ | (39,293 | ) |  | $ | 5,349 |  |  | $ | 44,642 |  |  | $ | (37,287 | ) |  | $ | 7,355 |
Mortgage servicing rights | 61,127 |  |  | (45,489 | ) |  | 15,638 |  |  | 59,001 |  |  | (41,204 | ) |  | 17,797 |
Total | $ | 105,769 |  |  | $ | (84,782 | ) |  | $ | 20,987 |  |  | $ | 103,643 |  |  | $ | (78,491 | ) |  | $ | 25,152 |
The following table presents changes in other intangible assets for the nine months ended September 30, 2016:
(dollars in thousands) | Core Deposit Premium |  | Mortgage Servicing Rights |  | Total
Balance, beginning of period | $ | 7,355 |  |  | $ | 17,797 |  |  | $ | 25,152 |
Additions | — |  |  | 2,126 |  |  | 2,126 |
Amortization | (2,006 | ) |  | (4,285 | ) |  | (6,291 | )
Balance, end of period | $ | 5,349 |  |  | $ | 15,638 |  |  | $ | 20,987 |
Schedule of fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights | The following table presents the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights:
| Nine Months Ended September 30,
(dollars in thousands) | 2016 |  | 2015
Fair market value, beginning of period | $ | 18,345 |  |  | $ | 19,975 |
Fair market value, end of period | 16,025 |  |  | 18,495 |
Weighted average discount rate | 9.5 | % |  | 9.5 | %
Forecasted constant prepayment rate assumption | 16.7 |  |  | 14.3 |
Schedule of estimated amortization expense | Based on the core deposit premium and mortgage servicing rights held as of September 30, 2016, estimated amortization expense for the remainder of fiscal year 2016, the next five succeeding fiscal years and all years thereafter are as follows:
| Estimated Amortization Expense
(dollars in thousands) | Core Deposit Premium |  | Mortgage Servicing Rights |  | Total
2016 (remainder) | $ | 669 |  |  | $ | 917 |  |  | $ | 1,586 |
2017 | 2,674 |  |  | 3,210 |  |  | 5,884 |
2018 | 2,006 |  |  | 2,510 |  |  | 4,516 |
2019 | — |  |  | 2,055 |  |  | 2,055 |
2020 | — |  |  | 1,688 |  |  | 1,688 |
2021 | — |  |  | 1,427 |  |  | 1,427 |
Thereafter | — |  |  | 3,831 |  |  | 3,831 |
| $ | 5,349 |  |  | $ | 15,638 |  |  | $ | 20,987 |

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- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
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