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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2016
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,
2016
 
December 31,
2015
 
March 31,
2015
 
 
(In thousands)
Goodwill
 
$
286,867

 
$
287,393

 
$
180,128

Other intangible assets:
 
 
 
 
 
 
Core deposit intangible assets
 
$
25,542

 
$
26,654

 
$
20,072

Non-compete intangible assets
 
246

 
328

 

Mortgage servicing rights
 
10,478

 
11,122

 
11,583

Total other intangible assets
 
$
36,266

 
$
38,104

 
$
31,655

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,
2016
 
December 31,
2015
 
March 31,
2015
 
 
(In thousands)
Gross original amount
 
$
40,055

 
$
40,055

 
$
30,122

Accumulated amortization
 
14,513

 
13,401

 
10,050

Carrying amount
 
$
25,542


$
26,654

 
$
20,072

Amortization expense for the three months ended March 31
 
$
1,112

 
 
 
$
791

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,
2016
 
December 31,
2015
 
March 31,
2015
 
 
(In thousands)
Net carrying value of MSRs
 
$
10,478

 
$
11,122

 
$
11,583

Fair value of MSRs
 
$
13,909

 
$
15,542

 
$
14,378

Loans serviced for others that have servicing rights capitalized
 
$
2,047,435

 
$
2,082,899

 
$
2,062,544

Activity for capitalized MSRs
The following table shows the activity for capitalized MSRs:
 
 
Three Months Ended March 31,
 
 
2016
 
2015
 
 
(In thousands)
Balance at beginning of period
 
$
11,122

 
$
12,217

Additions
 
331

 
400

Amortization
 
(975
)
 
(1,034
)
Balance at end of period
 
$
10,478

 
$
11,583