Mortgage Servicing Rights (Tables)

9 Months Ended

Sep. 30, 2012

Mortgage Servicing Rights [Abstract]

Following is a summary of changes in capitalized MSR as of September 30, 2012 and 2011:


(Dollars in thousands)	First Liens		Second Liens		HELOC		Total
Fair value on January 1, 2011	$	203,812	$	262	$	3,245	$	207,319
Reductions due to loan payments		(17,972)		(31)		(161)		(18,164)
Reductions due to exercise of cleanup calls		(195)		-		-		(195)
Changes in fair value due to:
Changes in valuation model inputs or assumptions		(38,230)		-		-		(38,230)
Other changes in fair value		16		10		47		73
Fair value on September 30, 2011	$	147,431	$	241	$	3,131	$	150,803
Fair value on January 1, 2012	$	140,724	$	231	$	3,114	$	144,069
Reductions due to loan payments		(18,214)		(26)		(257)		(18,497)
Reductions due to exercise of cleanup calls		(494)		-		-		(494)
Changes in fair value due to:
Changes in valuation model inputs or assumptions		(4,503)		-		-		(4,503)
Other changes in fair value		(73)		-		35		(38)
Fair value on September 30, 2012	$	117,440	$	205	$	2,892	$	120,537

- Definition

Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair 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 (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

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