LOAN SERVICING (Tables)

12 Months Ended

Dec. 31, 2014

Transfers and Servicing [Abstract]

Schedule of servicing asset

The table below summarizes MSR activity for the periods presented. The Company did not retain mortgage servicing on loans sold prior to the Mergers, thus the table below only includes activity for the last half of 2014.

	Year ended December 31, 2014
Balance at beginning of period	$	—
Acquired Yadkin MSRs at fair value	4,025
Additions	688
Payoffs	(126		)
Amortization	(303		)
Balance at end of period before valuation allowance	4,284
Valuation allowance	(157		)
Balance at end of period after valuation allowance	$	4,127

The table below summarizes the activity in the SBA-guaranteed loan servicing asset for the periods presented.

	Year ended December 31,
	2014			2013
Balance at beginning of period	$	1,759		$	976
Additions	1,628			995
Amortization	(306		)	(212		)
Balance at end of period	$	3,081		$	1,759

The characteristics and sensitivity of the fair value of MSRs to changes in key assumptions is included in the accompanying table.

	December 31, 2014
Composition of mortgage loans serviced for others:
Fixed rate loans	99.86		%
Adjustable rate loans	0.14		%
Total	100.00		%
Weighted average life (years)	5.77
Prepayment speed	12.62		%
Discount rate	9.60		%
Effect on fair value due to change in interest rates:
+ 0.25%	$	566
+ 0.50%	801
- 0.25%	(668		)
- 0.50%	(844		)