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Mortgage Servicing Rights (Tables)
12 Months Ended
Dec. 31, 2014
Servicing Asset [Abstract]  
Summary of MSR Activity
The following table summarizes MSR activity for the years indicated.
 
 
For the Year Ended December 31,
(In Thousands)  
2014
 
2013
 
2012
Carrying amount before valuation allowance at beginning of year
$
15,595

 
$
15,143

 
$
15,401

Additions – servicing obligations that result from transfers of financial assets
1,123

 
3,681

 
3,651

Amortization
(2,582
)
 
(3,229
)
 
(3,909
)
Carrying amount before valuation allowance at end of year
14,136

 
15,595

 
15,143

Valuation allowance at beginning of year
(2,795
)
 
(8,196
)
 
(7,265
)
Recovery of (provision for) valuation allowance
60

 
5,401

 
(931
)
Valuation allowance at end of year
(2,735
)
 
(2,795
)
 
(8,196
)
Net carrying amount at end of year
$
11,401

 
$
12,800

 
$
6,947

Mortgage Banking Income, Net
The following table summarizes mortgage banking income, net, for the years indicated.
 
 
For the Year Ended December 31,
(In Thousands)  
2014
 
2013
 
2012
Loan servicing fees
$
4,085

 
$
4,189

 
$
4,070

Net gain on sales of loans
1,763

 
6,880

 
7,590

Amortization of MSR
(2,582
)
 
(3,229
)
 
(3,909
)
Recovery of (provision for) valuation allowance on MSR
60

 
5,401

 
(931
)
Total mortgage banking income, net
$
3,326

 
$
13,241

 
$
6,820