NON-CONSOLIDATED VARIABLE INTEREST ENTITIES AND SERVICING ASSETS (Tables)

3 Months Ended

Mar. 31, 2019

Transfers and Servicing [Abstract]

Changes in Servicing Assets [Table Text Block]

The changes in servicing assets are shown below:
		Quarter ended
		March 31,		March 31,
		2019		2018
(In thousands)
Balance at beginning of period		$	27,428	$	25,255
Capitalization of servicing assets			868		887
Amortization			(810)		(737)
Temporary impairment (charges) recoveries, net			(20)		713
Other (1)			(35)		17
Balance at end of period		$	27,431	$	26,135
(1)	Amount represents adjustments related to the repurchase of loans serviced for others.

Changes in Impairment Allowance [Table Text Block]

Changes in the impairment allowance were as follows:
	Quarter ended
	March 31,		March 31,
	2019		2018
(In thousands)
Balance at beginning of period	$	30	$	1,451
Temporary impairment charges		24		17
OTTI of servicing assets		-		(65)
Recoveries		(4)		(730)
Balance at end of period	$	50	$	673

Components of Net Servicing Income [Table Text Block]

	The components of net servicing income are shown below:
		Quarter ended
		March 31,		March 31,
		2019		2018
			(In thousands)
Servicing fees		$	2,060	$	2,120
Late charges and prepayment penalties			154		120
Adjustment for loans repurchased			(35)		17
Other			(15)		-
Servicing income, gross			2,164		2,257
Amortization and impairment of servicing assets			(830)		(24)
Servicing income, net		$	1,334	$	2,233

Weighted-Averages of Key Economic Assumptions in Valuation Model [Table Text Block]

(Dollars in thousands)
Carrying amount of servicing assets	$	27,431
Fair value	$	31,553
Weighted-average expected life (in years)		8.41
Constant prepayment rate (weighted-average annual rate)		6.40%
Decrease in fair value due to 10% adverse change	$	748
Decrease in fair value due to 20% adverse change	$	1,464
Discount rate (weighted-average annual rate)		11.26%
Decrease in fair value due to 10% adverse change	$	1,509
Decrease in fair value due to 20% adverse change	$	2,893