MORTGAGE SERVICING ASSETS (Tables)

12 Months Ended

Dec. 31, 2011

MORTGAGE SERVICING ASSETS

Information regarding the Company's mortgage servicing assets (MSAs)

	Year ended December 31,
	2011			2010
	(In thousands)
MSAs balance, beginning of year	$	13,574		$	16,001
Additions		50			309
Amortization		(2,431	)		(2,736	)
MSAs before valuation allowance, end of year		11,193			13,574
Valuation allowance		(4,310	)		(3,383	)
MSAs, end of year	$	6,883		$	10,191
Fair value, beginning of year	$	14,509		$	16,284
Fair value, end of year	$	11,252		$	14,509
Valuation allowance, beginning of year	$	(3,383	)	$	(2,575	)
Impairment		(927	)		(808	)
Valuation allowance, end of year	$	(4,310	)	$	(3,383	)
Key Assumptions:
Weighted average discount		12.34	%		12.43	%
Weighted average prepayment speed assumption		11.72	%		8.17	%

Estimated future amortization of mortgage servicing assets for the succeeding five years and thereafter

	Total
	(In thousands)
Estimate for the year ending December 31,
2012	$	1,491
2013		1,158
2014		902
2015		704
2016		551
Thereafter		2,077
Total	$	6,883

Hypothetical effect on the fair value of mortgage servicing assets using various unfavorable variations of the expected levels of certain key assumptions used in the valuations

	December 31,
	2011			2010
	(Dollars in thousands)
Balance sheet net carrying value	$	6,883		$	10,191
CPR assumption		11.72	%		8.17	%
Impact on fair value of 10% adverse change of prepayment speed	$	(131	)	$	(118	)
Impact on fair value of 20% adverse change of prepayment speed	$	(256	)	$	(232	)
Discount rate assumption		12.34	%		12.43	%
Impact on fair value of 10% adverse change of discount rate	$	(165	)	$	(264	)
Impact on fair value of 20% adverse change of discount rate	$	(319	)	$	(511	)