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Mortgage Servicing Rights (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Mortgage Servicing Rights [Abstract]    
Mortgage Servicing Rights Activity

The following table presents the activity in the Company’s mortgage servicing rights:

 

 

 

Three months ended March 31,

 

 

 

2013

 

2012

 

 

 

(In Thousands)

 

Mortgage servicing rights at beginning of the period

 

$

3,220

 

198

 

Additions

 

958

 

439

 

Amortization

 

(269

)

(22

)

Mortgage servicing rights at end of the period

 

3,909

 

615

 

Valuation allowance at end of period

 

 

 

Mortgage servicing rights at the end of the period, net

 

$

3,909

 

615

 

 

The following table presents the activity related to the Company’s mortgage servicing rights:

 

 

 

Year ended December 31,

 

 

 

2012

 

2011

 

 

 

(In Thousands)

 

Mortgage servicing rights at beginning of the period

 

$

198

 

$

42

 

Additions

 

3,411

 

169

 

Amortization

 

(389

)

(13

)

Mortgage servicing rights at end of the period

 

3,220

 

198

 

Valuation allowance at end of period

 

 

 

Mortgage servicing rights at the end of the period, net

 

$

3,220

 

$

198

 

 

Estimated Amortization Expense of Mortgage Servicing Rights

The following table shows the estimated future amortization expense for mortgage servicing rights for the periods indicated:

 

 

 

 

 

March 31,

 

 

 

 

 

2013

 

 

 

 

 

(In Thousands)

 

Estimate for the period ended December 31:

 

2013

 

$

862

 

 

 

2014

 

935

 

 

 

2015

 

765

 

 

 

2016

 

597

 

 

 

2017

 

429

 

 

 

Thereafter

 

321

 

 

 

Total

 

$

3,909

 

 

The following table shows the estimated future amortization expense for mortgage servicing rights at December 31, 2012 for the periods indicated:

 

 

 

 

 

(In Thousands)

 

Estimate for the years ended December 31:

 

2013

 

890

 

 

 

2014

 

747

 

 

 

2015

 

603

 

 

 

2016

 

459

 

 

 

2017

 

316

 

 

 

Thereafter

 

205

 

 

 

Total

 

3,220