Loan Servicing

12 Months Ended

Dec. 31, 2012

Servicing Asset [Abstract]

Loan Servicing [Text Block]

Loan Servicing:

Loans serviced for others are not included in the consolidated balance sheets. The following table presents an analysis of the changes in mortgage servicing rights and related allowance as of the dates indicated:

	2012			2011
	(in thousands)
Mortgage servicing rights, gross:
Beginning balance, January 1	$	30,409		$	21,720
Originated servicing	19,727			14,330
Amortization	(10,180		)	(5,641		)
Ending balance, December 31	39,956			30,409
Allowance, mortgage servicing rights:
Beginning balance, January 1	$	7,307		$	1,116
Additions	3,560			6,981
Recoveries	(3,331		)	(790		)
Ending balance, December 31	7,536			7,307
Mortgage servicing rights, net	$	32,420		$	23,102

The following table presents the unpaid principal balances of loans serviced for others as of the dates indicated:

	December 31,
	2012		2011
	(in thousands)
Balance of loans serviced for others
Residential	$	4,132,570	$	2,915,817
Commercial real estate	983,782		1,276,742
Commercial	132,903		116,724
Total	$	5,249,255	$	4,309,283

As of December 31, 2012, the residential portion of MSR was capitalized at approximately 71 basis points of the unpaid principal balance of residential loans serviced for others, compared with at 70 basis points as of December 31, 2011. Valuation inputs used in determining the fair value of MSR included:

	December 31,
	2012		2011
Key assumptions
Weighted average prepayment speed	18.3	%	19.4	%
Weighted average discount rate	10.1	%	10.2	%