Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2014

Intangible Assets

Schedule of changes in mortgage servicing rights (MSRs)

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2014			2013			2014			2013
Balance at beginning of period	$	2,911		$	2,873		$	3,036		$	2,549
Originated mortgage servicing rights		95			83			217			444
Changes in fair value:
Due to change in model inputs and assumptions (1)		27			296			98			677
Other changes in fair value (2)		(166	)		(173	)		(484	)		(591	)
Balance at end of period	$	2,867		$	3,079		$	2,867		$	3,079

(1) The change in fair value resulting from changes in valuation inputs or assumptions used in the valuation model reflects the change in discount rates and prepayment speed assumptions primarily due to changes in interest rates.

(2) Other changes in fair value reflect changes due to customer payments and passage of time.

Schedule of key data and assumptions used in estimating the fair value of the Company's MSRs

	Nine Months Ended September 30,
	2014			2013
Weighted average constant prepayment rate		10.05	%		10.94	%
Weighted average note rate		4.00	%		4.02	%
Weighted average discount rate		9.18	%		8.56	%
Weighted average expected life (in years)		5.90			5.70