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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 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:
 
 
June 30, 2013
 
December 31, 2012
 
June 30, 2012
 
 
(In thousands)
Goodwill
 
$
120,164

 
$
120,164

 
$
113,414

Other intangible assets:
 
 
 
 
 
 
Core deposit intangible assets
 
$
10,933

 
$
11,910

 
$
7,144

Mortgage servicing rights
 
3,421

 
3,478

 
3,463

Total other intangible assets
 
$
14,354

 
$
15,388

 
$
10,607

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:
 
 
June 30, 2013
 
December 31, 2012
 
June 30, 2012
 
 
(In thousands)
Gross original amount
 
$
18,659

 
$
18,659

 
$
26,468

Accumulated amortization
 
7,726

 
6,749

 
19,324

Carrying amount
 
$
10,933


$
11,910

 
$
7,144

Amortization expense for the three months ended June 30
 
$
484

 
 
 
$
368

Amortization expense for the six months ended June 30
 
$
977

 
 
 
$
735

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:
 
 
June 30, 2013
 
December 31, 2012
 
June 30, 2012
 
 
(In thousands)
Net carrying value of MSRs
 
$
3,421

 
$
3,478

 
$
3,463

Fair value of MSRs
 
$
6,417

 
$
4,716

 
$
4,938

Loans serviced for others that have servicing rights capitalized
 
$
899,823

 
$
906,314

 
$
916,815

Activity for capitalized MSRs
The following table shows the activity for capitalized MSRs:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2013
 
2012
 
2013
 
2012
 
 
(In thousands)
Balance at beginning of period
 
$
3,485

 
$
3,427

 
$
3,478

 
$
3,593

Additions
 
445

 
669

 
960

 
1,203

Amortization
 
(509
)
 
(633
)
 
(1,017
)
 
(1,333
)
Balance at end of period
 
$
3,421

 
$
3,463

 
$
3,421

 
$
3,463