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Mortgage Servicing Rights (Tables)
12 Months Ended
Dec. 31, 2015
Transfers and Servicing [Abstract]  
Schedule of Servicing Asset at Amortized Cost
Information regarding the Company’s MSRs is as follows:
 
Year Ended
December 31, 2015
 
Year Ended
December 31, 2014
 
(Dollars in thousands)
Balance at beginning of period
$
20,685

 
$
23,041

Additions
2,952

 
1,442

Amortization
(4,010
)
 
(3,798
)
Balance at end of period
19,627

 
20,685

Valuation allowance at end of period
(685
)
 
(1,281
)
Balance at end of period, net
$
18,942

 
$
19,404

Fair value at end of the period
$
19,252

 
$
19,590

Key assumptions:
 
 
 
Weighted average discount rate
11.35
%
 
11.45
%
Weighted average prepayment speed
11.31
%
 
10.01
%
Schedule of Servicing Assets at Fair Value
Information regarding the Company’s MSRs is as follows:
 
Year Ended
December 31, 2015
 
Year Ended
December 31, 2014
 
(Dollars in thousands)
Balance at beginning of period
$
20,685

 
$
23,041

Additions
2,952

 
1,442

Amortization
(4,010
)
 
(3,798
)
Balance at end of period
19,627

 
20,685

Valuation allowance at end of period
(685
)
 
(1,281
)
Balance at end of period, net
$
18,942

 
$
19,404

Fair value at end of the period
$
19,252

 
$
19,590

Key assumptions:
 
 
 
Weighted average discount rate
11.35
%
 
11.45
%
Weighted average prepayment speed
11.31
%
 
10.01
%
Summary of Projections of Amortization Expense For Mortgage Servicing Rights
Future amortization expense may be significantly different depending upon changes in the mortgage servicing portfolio, mortgage interest rates and market conditions.
 
MSR
Amortization
 
(In thousands)
Year Ended December 31, 2015
$
4,010

Estimate for the year ended December 31,
 
2016
$
3,406

2017
2,813

2018
2,323

2019
1,918

2020
1,584

Thereafter
7,583

Total
$
19,627