XML 49 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Intangible Assets  
Schedule of changes in mortgage servicing rights (MSRs)
(in thousands)
   
2017
   
2016
   
2015
 
Balance at beginning of year
      $ 2,584         $ 2,847         $ 2,762    
Originated mortgage servicing rights         222           266           386    
Changes in fair value:                                      
Due to change in model inputs and assumptions (1)
        364           108           372    
Other changes in fair value (2)
        (457)           (637)           (673)    
Balance at end of year
      $ 2,713         $ 2,584         $ 2,847    
 
(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.
 
Schedule of key data and assumptions used in estimating the fair value of the Company's MSRs
     
2017
   
2016
 
Weighted-Average Constant Prepayment Rate         9.73%           10.68%    
Weighted-Average Note Rate         3.85%           3.85%    
Weighted-Average Discount Rate         10.09%           9.69%    
Weighted-Average Expected Life (in years)         5.90           5.60