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CORE DEPOSIT PREMIUM AND MORTGAGE SERVICING RIGHTS (Tables)

6 Months Ended

Jun. 30, 2018

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 core deposit premium and mortgage servicing rights are presented below:

	June 30, 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			$	(43,973	)		$	669			$	44,642			$	(42,636	)		$	2,006
Mortgage servicing rights	65,208				(49,452		)		15,756				64,401				(48,558		)		15,843
Total	$	109,850			$	(93,425	)		$	16,425			$	109,043			$	(91,194	)		$	17,849

The following table presents changes in core deposit premium and mortgage servicing rights for the six months ended June 30, 2018:

(dollars in thousands)	Core Deposit Premium				Mortgage Servicing Rights				Total
Balance, beginning of period	$	2,006			$	15,843			$	17,849
Additions	—				807				807
Amortization	(1,337		)		(894		)		(2,231		)
Balance, end of period	$	669			$	15,756			$	16,425

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:

	Six Months Ended				Six Months Ended
(dollars in thousands)	June 30, 2018				June 30, 2017
Fair market value, beginning of period	$	17,161			$	18,087
Fair market value, end of period	18,560				17,024
Weighted average discount rate	9.5		%		9.5		%
Forecasted constant prepayment rate assumption	13.9				16.1

Schedule of estimated amortization expense

Based on the core deposit premium and mortgage servicing rights held as of June 30, 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)	$	669			$	770			$	1,439
2019	—				1,323				1,323
2020	—				1,113				1,113
2021	—				934				934
2022	—				793				793
2023	—				698				698
Thereafter	—				10,125				10,125
	$	669			$	15,756			$	16,425

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