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Mortgage Servicing Rights ("MSRs") (Tables)
9 Months Ended
Sep. 30, 2014
Transfers and Servicing [Abstract]  
Schedule of Servicing Assets at Fair Value
The following table presents activity in MSRs for the periods shown (dollars in thousands):
 
 
Three months ended  
 September 30,
 
Nine months ended  
 September 30,
 
2014
 
2013
 
2014
 
2013
Balance at beginning of period
$
2,239

 
$
1,786

 
$
2,232

 
$
1,308

Additions
256

 
369

 
542

 
1,018

Amortization
(207
)
 
(111
)
 
(486
)
 
(282
)
Change in valuation allowance

 

 

 

Balances at end of period
$
2,288

 
$
2,044

 
$
2,288

 
$
2,044

Mortgage Banking Income
Mortgage banking income, net, consisted of the following for the periods shown (dollars in thousands):
 
Three months ended  
 September 30,
 
Nine months ended  
 September 30,
 
2014
 
2013
 
2014
 
2013
Origination and processing fees
$
264

 
$
245

 
$
562

 
$
542

Gain on sales of mortgage loans, net
502

 
1,007

 
1,218

 
2,888

MSR valuation allowance

 

 

 

Servicing fees
175

 
143

 
496

 
356

Amortization
(207
)
 
(111
)
 
(486
)
 
(282
)
Mortgage banking income, net
$
734

 
$
1,284

 
$
1,790

 
$
3,504