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CORE DEPOSIT PREMIUM AND MORTGAGE SERVICING RIGHTS (Tables)

3 Months Ended

Mar. 31, 2018

OTHER INTANGIBLE ASSETS

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

The following table presents changes in core deposit premium and mortgage servicing rights for the three months ended March 31, 2018:

(dollars in thousands)	Core Deposit Premium				Mortgage Servicing Rights				Total
Balance, beginning of period	$	2,006			$	15,843			$	17,849
Additions	—				435				435
Amortization	(669		)		(457		)		(1,126		)
Balance, end of period	$	1,337			$	15,821			$	17,158

The gross carrying value and accumulated amortization related to our core deposit premium and mortgage servicing rights are presented below:

	March 31, 2018												December 31, 2017
(dollars in thousands)	Gross Carrying Value				Accumulated Amortization				Net Carrying Value				Gross Carrying Value				Accumulated Amortization				Net Carrying Value
Core deposit premium	$	44,642			$	(43,305	)		$	1,337			$	44,642			$	(42,636	)		$	2,006
Mortgage servicing rights	64,836				(49,015		)		15,821				64,401				(48,558		)		15,843
Total	$	109,478			$	(92,320	)		$	17,158			$	109,043			$	(91,194	)		$	17,849

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:

(dollars in thousands)	March 31, 2018				March 31, 2017
Fair market value, beginning of period	$	17,161			$	18,087
Fair market value, end of period	18,463				17,627
Weighted average discount rate	9.5		%		9.5		%
Forecasted constant prepayment rate assumption	14.2				15.0

Schedule of estimated amortization expense

Based on the core deposit premium and mortgage servicing rights held as of March 31, 2018, estimated amortization expense for the remainder of fiscal year 2018, 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
2018 (remainder)	$	1,337			$	1,076			$	2,413
2019	—				1,211				1,211
2020	—				1,017				1,017
2021	—				867				867
2022	—				733				733
2023	—				663				663
Thereafter	—				10,254				10,254
	$	1,337			$	15,821			$	17,158

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