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Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Intangible Assets

Schedule of summary of core deposit intangible assets

(in thousands)		2014				2013				2012
Balance at beginning of year		$	0			$	135			$	543
Additions			0				0				0
Amortization			0				(135	)			(408	)
Balance at end of year		$	0			$	0			$	135

Schedule of changes in mortgage servicing rights (MSRs)

(in thousands)		2014				2013				2012
Balance at beginning of year		$	3,036			$	2,549			$	2,308
Re-measurement to fair value upon election to measure servicing rights at fair value			0				0				742
Originated mortgage servicing rights			302				512				830
Changes in fair value:
Due to change in model inputs and assumptions (1)			66				723				241
Other changes in fair value (2)			(642	)			(748	)			(1,572	)
Amortization			0				0				0
Balance at end of year		$	2,762			$	3,036			$	2,549

(1) The change in fair value resulting from changes in valuation inputs or assumptions used in the valuation model reflects the change in discount rates and prepayment speed assumptions primarily due to changes in interest rates.

(2) Other changes in fair value reflect changes due to customer payments and passage of time. The year ended December 31, 2012 includes a one time adjustment of a $538,000 correction of an immaterial prior period error due to changing from the straight-line amortization method to an accelerated amortization method of accounting for amortizing MSRs in prior years.

Schedule of key data and assumptions used in estimating the fair value of the Company's MSRs

		2014				2013
Weighted-Average Constant Prepayment Rate			10.54	%			9.48	%
Weighted-Average Note Rate			3.99	%			4.01	%
Weighted-Average Discount Rate			9.21	%			9.06	%
Weighted-Average Expected Life (in years)			5.70				6.10

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Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

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Tabular disclosure of all information related to the key inputs and assumptions used in measuring the fair value of assets obtained or liabilities incurred, as the result of a sale of financial assets, relating to the transferor's continuing involvement, if any, at the time of securitization, asset-backed financing arrangement, or similar transfer (including at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses, including expected static pool losses).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 860

-SubTopic 20

-Section 50

-Paragraph 3

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=13989330&loc=d3e107207-111719

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Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 860

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