Mortgage Servicing Assets (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of changes in carrying value of mortgage servicing assets and associated valuation allowance

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(Dollars in thousands)	2013			2012			2013			2012
Mortgage servicing assets:
Balance at beginning of period	$	4,634		$	4,984		$	4,645		$	5,610
Additions	572			509			1,498			1,411
Amortization	(328		)	(739		)	(1,265		)	(2,267		)
Sales	—			—			—			—
Carrying value before valuation allowance at end of period	4,878			4,754			4,878			4,754
Valuation allowance:
Balance at beginning of period	—			(91		)	—			(238		)
Impairment (charges) recoveries	—			(377		)	—			(230		)
Balance at end of period	$	—		$	(468	)	$	—		$	(468	)
Net carrying value of mortgage servicing assets at end of period	$	4,878		$	4,286		$	4,878		$	4,286
Fair value of mortgage servicing assets at end of period	$	7,656		$	4,478		$	7,656		$	4,478

- Definition

Tabular disclosure of the activity in the balance of servicing assets subsequently measured at amortized value (including a description of where changes in carrying value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (through purchases of servicing assets and servicing assets that result from transfers of financial assets), disposals, amortization, application of valuation allowances, other-than-temporary impairments, and other changes that affect the balance along with a description of those changes.

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