LOAN SERVICING (Tables)

9 Months Ended

Sep. 30, 2015

Transfers and Servicing [Abstract]

Schedule of servicing asset

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

	Three months ended September 30,					Nine months ended September 30,
	2015			2014		2015			2014
Balance at beginning of period	$	3,936		2,127		$	3,081		$	1,759
Additions	786			688		1,881			1,186
Amortization	(157		)	(73	)	(397		)	(203		)
Balance at end of period	$	4,565		2,742		$	4,565		$	2,742

The following table summarizes MSR activity for the 2015 periods presented.

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Balance at beginning of period before valuation allowance	$	4,688		$	—		$	4,284		$	—
Acquired Yadkin MSRs at fair value	—			4,025			—			4,025
Additions	452			308			1,457			308
Repayments	(65		)	(65		)	(309		)	(65		)
Amortization	(185		)	(138		)	(542		)	(138		)
Balance at end of period before valuation allowance	4,890			4,130			4,890			4,130
Valuation allowance at end of period	(138		)	(65		)	(138		)	(65		)
Balance at end of period after valuation allowance	$	4,752		$	4,065		$	4,752		$	4,065

Schedule of Servicing Liabilities at Fair Value

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

	September 30, 2015			December 31, 2014
Composition of mortgage loans serviced for others:
Fixed rate loans	99.89		%	99.86		%
Adjustable rate loans	0.11		%	0.14		%
Total	100.00		%	100.00		%
Weighted average life (years)	5.78			5.77
Prepayment speed	12.54		%	12.62		%
Discount rate	9.49		%	9.60		%
Effect on fair value due to change in interest rates:
+ 0.25%	$	716		$	566
+ 0.50%	1,064			801
- 0.25%	(760		)	(668		)
- 0.50%	(962		)	(844		)