MORTGAGE SERVICING RIGHTS (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Servicing Assets at Fair Value

The activity of the servicing asset for 2011, 2010 and 2009 is as follows:



	2011			2010			2009
Balance, January 1	$	2,894		$	4,552		$	417
Amortization expense recognized during the year	(1,984		)	(1,354		)	(1,648		)
Adoption of change in accounting for QSPE	—			(304		)	—
Acquisition of servicing asset	3,436			—			5,783
Balance, December 31	$	4,346		$	2,894		$	4,552

- 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.

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