XML 40 R42.htm IDEA: XBRL DOCUMENT v2.4.0.8
Mortgage Servicing Rights (Tables)
 12 Months Ended
Dec. 31, 2013
Transfers and Servicing [Abstract]  
Schedule of Servicing Assets at Amortized Value
Information with respect to the Company’s mortgage servicing rights follows:
Year Ended December 31,
2013
 
2012
 
2011
Balance at beginning of year
$
13,224

 
$
13,450

 
$
13,811

Sales of mortgage servicing rights
—

 
(735
)
 
—

Originations of mortgage servicing rights
3,581

 
4,563

 
2,864

Amortization expense
(2,787
)
 
(3,501
)
 
(3,225
)
Write-off of permanent impairment
—

 
(553
)
 
—

Balance at end of year
14,018

 
13,224

 
13,450

Less valuation reserve
(472
)
 
(571
)
 
(1,895
)
Balance at end of year
$
13,546

 
$
12,653

 
$
11,555

 
 
 
 
 
 
Principal balance of serviced loans underlying mortgage servicing rights
$
2,416,621

 
$
2,146,351

 
$
1,803,303

Mortgage servicing rights as a percentage of serviced loans
0.56
%
 
0.59
%
 
0.64
%