Mortgage banking activities

9 Months Ended

Sep. 30, 2013

Notes to Financial Statements [Abstract]

Mortgage Banking Activities [Text BLock]

Note 10– Mortgage Banking Activities

The caption of mortgage banking activities in the consolidated statements of operations consists of the following categories:

			Quarters ended September 30,			Nine months ended September 30,
(In thousands)			2013		2012		2013		2012
Mortgage servicing fees, net of fair value adjustments:
	Mortgage servicing fees	$	11,547	$	12,282	$	34,110	$	36,339
	Mortgage servicing rights fair value adjustments		3,879		(2,426)		(6,862)		(7,217)
Total mortgage servicing fees, net of fair value adjustments			15,426		9,856		27,248		29,122
Net gain on sale of loans, including valuation on loans			3,559		19,700		16,968		49,028
Trading account (loss) profit:
	Unrealized losses on outstanding derivative positions		(865)		(58)		(265)		(154)
	Realized gains (losses) on closed derivative positions		776		(7,651)		13,330		(17,578)
Total trading account (loss) profit			(89)		(7,709)		13,065		(17,732)
Total mortgage banking activities		$	18,896	$	21,847	$	57,281	$	60,418