MORTGAGE SERVICING RIGHTS (Tables)

12 Months Ended

Dec. 31, 2013

MORTGAGE SERVICING RIGHTS [Abstract]

Data and Assumptions Used in Fair Value Calculation


	2013	2012	2011
	(Dollars in thousands)
Unpaid principal balance	$ 5,577,325	$ 5,058,912	$ 4,293,552
Weighted-average prepayment speed (CPR)	10.3	17.1	22.7
Discount rate (annual percentage)	10.3	10.8	10.3
Weighted-average coupon interest rate (percentage)	4.2	4.4	4.9
Weighted-average remaining maturity (months)	310.0	307.0	311.0
Weighted-average servicing fee (basis points)	26.6	27.1	28.0

Activity in Class of Mortgage Servicing Assets


		2013	2012
	(In thousands)
Fair value at beginning of year		$ 37,882	$ 30,174
Additions:
Origination of servicing assets		14,090	18,531
Changes in fair value:
Due to payoffs/paydowns		(6,244)	(7,649)
Due to change in valuation inputs or assumptions
used in the valuation model		8,943	(3,163)
Other changes in fair value		(9)	(11)
Fair value at end of year		$ 54,662	$ 37,882

- 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.

+ References+ Details