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MORTGAGE SERVICING RIGHTS (Tables)
3 Months Ended
Mar. 31, 2016
MORTGAGE SERVICING RIGHTS [Abstract]  
Data and Assumptions Used in Fair Value Calculation



 

 

 

 

 

 



 

 

 

 

 

 



 

March 31,

 

December 31,



 

2016

 

2015

 

2015



 

 

 

 

 

 



 

(Dollars in thousands)

Unpaid principal balance

 

$6,096,220 

 

$5,705,638 

 

$6,011,236 

Weighted-average prepayment speed (CPR)

 

12.5 

 

12.4 

 

10.3 

Discount rate (annual percentage)

 

9.8 

 

9.8 

 

9.8 

Weighted-average coupon interest rate (percentage)

 

4.0 

 

4.1 

 

4.0 

Weighted-average remaining maturity (months)

 

320.0 

 

315.0 

 

319.0 

Weighted-average servicing fee (basis points)

 

26.6 

 

26.5 

 

26.6 



Activity in Class of Mortgage Servicing Assets



 

 

 

 



 

 

 

 



 

2016

 

2015



 

 

 

 



 

(In thousands)

Fair value as of January 1

 

$        57,268

 

$         51,296

Additions:

 

 

 

 

Origination of servicing assets

 

2,612 

 

2,499 

Changes in fair value:

 

 

 

 

Due to payoffs/paydowns

 

(1,380)

 

(1,564)

Due to change in valuation inputs or assumptions

 

 

 

 

used in the valuation model

 

(7,954)

 

(3,039)

Other changes in fair value

 

(2)

 

(2)

Fair value as of March 31

 

$        50,544

 

$         49,190