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Mortgage Servicing Rights (Tables)
12 Months Ended
Dec. 31, 2015
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,
2015
 
2014
 
2013
Balance at beginning of year
$
14,374

 
$
14,018

 
$
13,224

Acquisitions of mortgage servicing rights
306

 

 

Originations of mortgage servicing rights
3,614

 
2,717

 
3,581

Amortization expense
(2,434
)
 
(2,361
)
 
(2,787
)
Balance at end of year
15,860

 
14,374

 
14,018

Less valuation reserve
(239
)
 
(336
)
 
(472
)
Balance at end of year
$
15,621

 
$
14,038

 
$
13,546

 
 
 
 
 
 
Principal balance of serviced loans underlying mortgage servicing rights
$
2,906,239

 
$
2,615,311

 
$
2,416,621

Mortgage servicing rights as a percentage of serviced loans
0.54
%
 
0.54
%
 
0.56
%