Mortgage Servicing Rights (Tables)

9 Months Ended

Sep. 30, 2011

Transfers and Servicing [Abstract]

Summary of Changes in Mortgage Servicing Rights

The following table summarizes the changes in mortgage servicing rights (MSRs), which are included in other assets on the consolidated balance sheets:

	Three Months Ended September 30						Nine Months Ended September 30
	2011			2010			2011			2010
	(in thousands)
Amortized cost:
Balance at beginning of period	$	32,809		$	25,327		$	30,700		$	23,498
Originations of mortgage servicing rights	2,213			3,197			6,881			6,870
Amortization expense	(1,343		)	(998		)	(3,902		)	(2,842		)
Balance at end of period	$	33,679		$	27,526		$	33,679		$	27,526
Valuation allowance:
Balance at beginning of period	$	(1,550	)	$	(1,000	)	$	(1,550	)	$	(1,000	)
Additions	—			(550		)	—			(550		)
Balance at end of period	$	(1,550	)	$	(1,550	)	$	(1,550	)	$	(1,550	)
Net MSRs at end of period	$	32,129		$	25,976		$	32,129		$	25,976