Mortgage Servicing Rights ("MSRs") (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Servicing Assets at Fair Value

The following table presents activity in MSRs for the periods shown (dollars in thousands):



	Three months ended March 31,
	2014			2013
Balance at beginning of period	$	2,232		$	1,308
Additions	95			311
Amortization	(99		)	(73		)
Change in valuation allowance	—			—
Balances at end of period	$	2,228		$	1,546

Mortgage Banking Income

Mortgage banking income, net, consisted of the following for the periods shown (dollars in thousands):



	Three months ended March 31,
	2014			2013
Origination and processing fees	$	102		$	174
Gain on sales of mortgage loans, net	274			964
MSR valuation allowance	—			—
Servicing fees	157			95
Amortization	(99		)	(73		)
Mortgage banking income, net	$	434		$	1,160

- 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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