Mortgage Operations (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of mortgage servicing rights assets

The following table summarizes the activity related to the Company’s mortgage servicing rights assets for the years ended December 31, 2013, December 31, 2012 and December 31, 2011. Mortgage servicing rights are included in Interest Receivable and Other Assets on the consolidated balance sheets.

	(in thousands)
	December 31, 2012			Additions		Reductions			December 31, 2013

Mortgage servicing rights	$	1,760		$	625	$	(417	)	$	1,968
Valuation allowance		(536	)		—		536			—
Mortgage servicing rights, net of valuation allowance	$	1,224		$	625	$	119		$	1,968

	(in thousands)
	December 31, 2011			Additions			Reductions			December 31, 2012

Mortgage servicing rights	$	1,636		$	667		$	(543	)	$	1,760
Valuation allowance		(347	)		(189	)		—			(536	)
Mortgage servicing rights, net of valuation allowance	$	1,289		$	478		$	(543	)	$	1,224

	(in thousands)
	December 31, 2010			Additions			Reductions			December 31, 2011

Mortgage servicing rights	$	1,712		$	317		$	(393	)	$	1,636
Valuation allowance		(345	)		(2	)		—			(347	)
Mortgage servicing rights, net of valuation allowance	$	1,367		$	315		$	(393	)	$	1,289

- Definition

Tabular disclosure of the activity in the balance of servicing assets subsequently measured at amortized value (including a description of where changes in carrying 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 (through purchases of servicing assets and servicing assets that result from transfers of financial assets), disposals, amortization, application of valuation allowances, other-than-temporary impairments, and other changes that affect the balance along with a description of those changes.

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