XML 32 R44.htm IDEA: XBRL DOCUMENT v2.4.1.9
SERVICING RIGHTS (Details) (USD $)
3 Months Ended 12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Dec. 31, 2014
Commercial loans      
Commercial Loans      
Commercial Loans $ 46,000,000mfnc_CommercialLoansServicingAmount
/ us-gaap_FinancialInstrumentAxis
= us-gaap_CommercialLoanMember
$ 48,000,000mfnc_CommercialLoansServicingAmount
/ us-gaap_FinancialInstrumentAxis
= us-gaap_CommercialLoanMember
 
Servicing rights 190,000mfnc_CommercialLoansValuationOfServicingRights
/ us-gaap_FinancialInstrumentAxis
= us-gaap_CommercialLoanMember
193,000mfnc_CommercialLoansValuationOfServicingRights
/ us-gaap_FinancialInstrumentAxis
= us-gaap_CommercialLoanMember
 
Mortgage loans      
Mortgage Loans      
Residential first mortgage loans the Corporation has obligations to service 223,000,000mfnc_MortgageLoansServicingObligationAmount
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= us-gaap_MortgageReceivablesMember
   
Annual constant prepayment speed (as a percent) 10.75%us-gaap_ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValuePrepaymentSpeed
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= us-gaap_MortgageReceivablesMember
   
Discount rate (as a percent) 8.90%us-gaap_ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueDiscountRate
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= us-gaap_MortgageReceivablesMember
   
Changes in mortgage servicing rights capitalized and amortized, along with the aggregate activity in related valuation allowances      
Balance at beginning of period 1,994,000us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= us-gaap_MortgageReceivablesMember
1,129,000us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= us-gaap_MortgageReceivablesMember
1,129,000us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= us-gaap_MortgageReceivablesMember
Additions from loans sold with servicing retained 100,000us-gaap_ServicingAssetAtFairValueAdditions
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= us-gaap_MortgageReceivablesMember
  636,000us-gaap_ServicingAssetAtFairValueAdditions
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= us-gaap_MortgageReceivablesMember
MSRs acquired in Peninsula transaction     539,000us-gaap_PaymentsToAcquireMortgageServicingRightsMSR
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= us-gaap_MortgageReceivablesMember
Amortization (214,000)us-gaap_ServicingAssetAtAmortizedValueAmortization1
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= us-gaap_MortgageReceivablesMember
(72,000)us-gaap_ServicingAssetAtAmortizedValueAmortization1
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= us-gaap_MortgageReceivablesMember
(310,000)us-gaap_ServicingAssetAtAmortizedValueAmortization1
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= us-gaap_MortgageReceivablesMember
Balance at end of period $ 1,880,000us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= us-gaap_MortgageReceivablesMember
$ 1,057,000us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= us-gaap_MortgageReceivablesMember
$ 1,994,000us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis
= us-gaap_MortgageReceivablesMember