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Mortgage Servicing Rights (Tables)
 9 Months Ended
Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Mortgage Servicing Rights
Changes in the mortgage servicing rights balance are summarized as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(Dollars in thousands)
2014
 
2013
 
2014
 
2013
Beginning of period
$
5,378

 
$
5,227

 
$
5,519

 
$
4,152

Servicing rights capitalized
365

 
544

 
724

 
2,183

Amortization of servicing rights
(561
)
 
(287
)
 
(1,068
)
 
(1,099
)
Changes in valuation allowance
243

 
—

 
250

 
248

End of period
$
5,425

 
$
5,484

 
$
5,425

 
$
5,484

Mortgage loans serviced for others
$
779,701

 
$
736,017

 
$
779,701

 
$
736,017
Activity in Valuation Allowance for Mortgage Servicing Rights
Activity in the valuation allowance for mortgage servicing rights was as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(Dollars in thousands)
2014
 
2013
 
2014
 
2013
Valuation allowance, beginning of period
$
(243
)
 
$
(249
)
 
$
(250
)
 
$
(497
)
Additions
—

 
—

 
—

 
—

Reductions
243

 
—

 
250

 
248

Direct write-downs
—

 
—

 
—

 
—

Valuation allowance, end of period
$
—

 
$
(249
)
 
$
—

 
$
(249
)
Estimated Amortization Expense of Mortgage Servicing Rights
The estimated amortization expense of mortgage servicing rights for the remainder of 2014 and the succeeding fiscal years is as follows:
Year
(Dollars in thousands)
Amount
Remainder of 2014
 
$
206

2015
 
799

2016
 
693

2017
 
596

2018
 
511

Thereafter
 
2,620