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MORTGAGE SERVICING RIGHTS (Tables)
12 Months Ended
Dec. 31, 2015
MORTGAGE SERVICING RIGHTS [Abstract]  
Data and Assumptions Used in Fair Value Calculation

 

 

 

 

 

 

 

 

 

2015

 

2014

 

2013

 

 

(Dollars in thousands)

Unpaid principal balance

 

$6,011,236 

 

$5,686,756 

 

$5,577,325 

Weighted-average prepayment speed (CPR)

 

10.3 

 

11.6 

 

10.3 

Discount rate (annual percentage)

 

9.8 

 

9.8 

 

10.3 

Weighted-average coupon interest rate (percentage)

 

4.0 

 

4.1 

 

4.2 

Weighted-average remaining maturity (months)

 

319.0 

 

314.0 

 

310.0 

Weighted-average servicing fee (basis points)

 

26.6 

 

26.5 

 

26.6 

 

Activity in Class of Mortgage Servicing Assets

 

 

 

 

 

 

 

 

2015

 

2014

 

 

(In thousands)

Fair value at beginning of year

 

$        51,296

 

$        54,662

 

Additions:

 

 

 

 

 

Origination of servicing assets

 

14,139 

 

8,878 

 

Changes in fair value:

 

 

 

 

 

Due to payoffs/paydowns

 

(6,999)

 

(5,793)

 

Due to change in valuation inputs or assumptions

 

 

 

 

 

used in the valuation model

 

(1,161)

 

(6,444)

 

Other changes in fair value

 

(7)

 

(7)

 

Fair value at end of year

 

$        57,268

 

$        51,296