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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2015
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,
2015
 
December 31,
2014
 
March 31,
2014
 
 
(In thousands)
Goodwill
 
$
180,128

 
$
180,128

 
$
120,164

Other intangible assets:
 
 
 
 
 
 
Core deposit intangible assets
 
$
20,072

 
$
20,863

 
$
9,556

Mortgage servicing rights
 
11,583

 
12,217

 
3,316

Total other intangible assets
 
$
31,655

 
$
33,080

 
$
12,872

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,
2015
 
December 31,
2014
 
March 31,
2014
 
 
(In thousands)
Gross original amount
 
$
30,122

 
$
31,550

 
$
18,659

Accumulated amortization
 
10,050

 
10,687

 
9,103

Carrying amount
 
$
20,072


$
20,863

 
$
9,556

Amortization expense for the three months ended March 31
 
$
791

 
 
 
$
445

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,
2015
 
December 31,
2014
 
March 31,
2014
 
 
(In thousands)
Net carrying value of MSRs
 
$
11,583

 
$
12,217

 
$
3,316

Fair value of MSRs
 
$
14,378

 
$
14,979

 
$
6,706

Loans serviced for others that have servicing rights capitalized
 
$
2,062,544

 
$
2,093,140

 
$
877,530

Activity for capitalized MSRs
The following table shows the activity for capitalized MSRs:
 
 
Three Months Ended March 31,
 
 
2015
 
2014
 
 
(In thousands)
Balance at beginning of period
 
$
12,217

 
$
3,423

Additions
 
400

 
143

Amortization
 
(1,034
)
 
(250
)
Balance at end of period
 
$
11,583

 
$
3,316