MORTGAGE SERVICING RIGHTS (Tables)
12 Months Ended
Dec. 31, 2013
MORTGAGE SERVICING RIGHTS  
Schedule of residential MSRs

 

 

 

Residential

 

 

 

Mortgage Servicing Rights

 

 

 

For the Year Ended December 31,

 

(Dollars in thousands)

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

Balance, January 1,

 

$

1,302

 

$

647

 

$

268

 

Additions

 

150

 

948

 

507

 

Increase/(decrease) in fair value due to

 

 

 

 

 

 

 

changes in valuation input or assumptions

 

270

 

(215

)

(73

)

Paydowns

 

(198

)

(78

)

(55

)

Balance, December 31,

 

$

1,524

 

$

1,302

 

$

647

 

Schedule of residential MSRs' favorable and unfavorable changes in key economic assumptions

 

 

 

Residential

 

 

 

Mortgage Servicing Rights

 

(Dollars in thousands)

 

December 31, 2013

 

Fair value of residential mortgage servicing rights

 

$

1,524

 

 

 

 

 

Weighted average life (years)

 

6

 

 

 

 

 

Prepayment speed

 

 

 

Effect on fair value of a 20% increase

 

$

(101

)

Effect on fair value of a 10% increase

 

(52

)

Effect on fair value of a 10% decrease

 

57

 

Effect on fair value of a 20% decrease

 

117

 

 

 

 

 

Discount rate

 

 

 

Effect on fair value of a 20% increase

 

$

(106

)

Effect on fair value of a 10% increase

 

(54

)

Effect on fair value of a 10% decrease

 

59

 

Effect on fair value of a 20% decrease

 

122

 

 

 

 

 

Escrow earnings credit

 

 

 

Effect on fair value of a 20% increase

 

$

32

 

Effect on fair value of a 10% increase

 

16

 

Effect on fair value of a 10% decrease

 

(14

)

Effect on fair value of a 20% decrease

 

(32

)