XML 78 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2014
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,
2014
 
December 31,
2013
 
June 30,
2013
 
 
(In thousands)
Goodwill
 
$
120,164

 
$
120,164

 
$
120,164

Other intangible assets:
 
 
 
 
 
 
Core deposit intangible assets
 
$
9,110

 
$
10,001

 
$
10,933

Mortgage servicing rights
 
3,344

 
3,423

 
3,421

Total other intangible assets
 
$
12,454

 
$
13,424

 
$
14,354

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,
2014
 
December 31,
2013
 
June 30,
2013
 
 
(In thousands)
Gross original amount
 
$
18,659

 
$
18,659

 
$
18,659

Accumulated amortization
 
9,549

 
8,658

 
7,726

Carrying amount
 
$
9,110


$
10,001

 
$
10,933

Amortization expense for the three months ended June 30
 
$
446

 
 
 
$
484

Amortization expense for the six months ended June 30
 
$
891

 
 
 
$
977

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,
2014
 
December 31,
2013
 
June 30,
2013
 
 
(In thousands)
Net carrying value of MSRs
 
$
3,344

 
$
3,423

 
$
3,421

Fair value of MSRs
 
$
6,433

 
$
6,878

 
$
6,417

Loans serviced for others that have servicing rights capitalized
 
$
871,158

 
$
886,730

 
$
899,823

Activity for capitalized MSRs
The following table shows the activity for capitalized MSRs:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2014
 
2013
 
2014
 
2013
 
 
(In thousands)
Balance at beginning of period
 
$
3,316

 
$
3,485

 
$
3,423

 
$
3,478

Additions
 
278

 
445

 
421

 
960

Amortization
 
(250
)
 
(509
)
 
(500
)
 
(1,017
)
Balance at end of period
 
$
3,344

 
$
3,421

 
$
3,344

 
$
3,421