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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Net carrying value of intangible assets
The following table shows the net carrying value of the Corporation’s intangible assets:
 
 
March 31,
2013
 
December 31,
2012
 
March 31,
2012
 
 
(In thousands)
Goodwill
 
$
120,164

 
$
120,164

 
$
113,414

Other intangible assets:
 
 
 
 
 
 
Core deposit intangible assets
 
$
11,417

 
$
11,910

 
$
7,512

Mortgage servicing rights
 
3,485

 
3,478

 
3,427

Total other intangible assets
 
$
14,902

 
$
15,388

 
$
10,939

Carrying amount, accumulated amortization and amortization expense of core deposit intangible assets
The following table sets forth the carrying amount, accumulated amortization and amortization expense of core deposit intangible assets that are amortizable and arose from business combinations or other acquisitions:
 
 
March 31,
2013
 
December 31,
2012
 
March 31,
2012
 
 
(In thousands)
Gross original amount
 
$
18,659

 
$
18,659

 
$
26,468

Accumulated amortization
 
7,242

 
6,749

 
18,956

Carrying amount
 
$
11,417


$
11,910

 
$
7,512

Amortization expense for the three months ended March 31
 
$
493

 
 
 
$
367

Net carrying value, fair value of MSRs and loans Corporation servicing for others
The following shows the net carrying value and fair value of MSRs and the total loans that the Corporation is servicing for others:
 
 
March 31,
2013
 
December 31,
2012
 
March 31,
2012
 
 
(In thousands)
Net carrying value of MSRs
 
$
3,485

 
$
3,478

 
$
3,427

Fair value of MSRs
 
$
5,326

 
$
4,716

 
$
5,158

Loans serviced for others that have servicing rights capitalized
 
$
907,823

 
$
906,314

 
$
904,191

Activity for capitalized MSRs
The following table shows the activity for capitalized MSRs:
 
 
Three Months Ended March 31,
 
 
2013
 
2012
 
 
(In thousands)
Balance at beginning of period
 
$
3,478

 
$
3,593

Additions
 
515

 
534

Amortization
 
(508
)
 
(700
)
Balance at end of period
 
$
3,485

 
$
3,427