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Loan Servicing Rights (Tables)
 6 Months Ended
Jun. 30, 2017
Text Block [Abstract]  
Components of Loan Servicing Rights and Valuation Allowance

The following table summarizes the carrying values and activity related to loan servicing rights and the related valuation allowance for the six months ended June 30, 2017 and 2016:

 

(dollars in thousands)

    2017      2016  

Balance at January 1,

    $ 25,629      $ 10,502  

Additions (1)

      1,976        17,126  

Amortization

      (2,507 )       (1,866 ) 
  

 

 

     

 

 

  

Balance before valuation allowance at June 30,

      25,098        25,762  
  

 

 

     

 

 

  

Valuation allowance:

      

Balance at January 1,

      (68 )       (34 ) 

(Additions)/recoveries

      (7 )       28  
  

 

 

     

 

 

  

Balance at June 30,

      (75 )       (6 ) 
  

 

 

     

 

 

  

Loan servicing rights, net

    $ 25,023      $ 25,756  
  

 

 

     

 

 

  

 

(1) Additions for the six months ended June 30, 2016 include loan servicing rights of $15.3 million acquired from Anchor in May 2016.