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Network
1039 - Disclosure - Intangible Assets (Tables)
(http://www.mynycb.com/taxonomy/role/NotesToFinancialStatementsIntangibleAssetsDisclosureTextBlockTables)
TableStatement [Table]
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000910073 (http://www.sec.gov/CIK)
Legal EntityEntity [Domain]
Statement [Line Items]Period [Axis]
2016-01-01 - 2016-12-31
Gross Carrying and Accumulated Amortization Amounts of Core Deposit Intangibles and Mortgage Servicing Rights

The following table summarizes the gross carrying and accumulated amortization amounts of the Company’s CDI as of December 31, 2016:

 

(in thousands)    Gross Carrying
Amount		      Accumulated
Amortization		      Net Carrying
Amount		  

Core deposit intangibles

    $ 234,364      $ (234,156 )     $ 208  
  
Changes in Residential and Participation Mortgage Servicing Rights

The following table presents the changes in the balances of residential MSRs and participation MSRs for the years ended December 31, 2016 and 2015:

 

     For the Years Ended December 31,  
     2016      2015(1)  
(in thousands)    Residential      Participation      Residential      Participation  

Carrying value, beginning of year

    $ 243,389      $ 4,345      $ 227,297      $ —    

Additions

      45,588        3,774        48,990        5,063  

Increase (decrease) in fair value:

            

Due to changes in interest rates

      3,341        —          11,981        —    

Due to model assumption changes (2)

      (13,088 )       —          (1,506 )       —    

Due to loan payoffs

      (33,425 )       —          (27,288 )       —    

Due to passage of time and other changes

      (17,706 )       —          (16,085 )       —    

Amortization

      —          (2,257 )       —          (718 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Carrying value, end of period

    $ 228,099      $ 5,862      $ 243,389      $ 4,345  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(1) The presentation of the 2015 amounts has been modified to conform with the 2016 presentation.
(2) Represents changes in fair value driven by changes to the inputs to the valuation model related to assumed prepayment speeds.
  
Key Assumptions Used in Calculation of Fair Value of Residential Mortgage Servicing Rights

The following table presents the key assumptions used in calculating the fair value of the Company’s residential MSRs at the dates indicated:

 

     December 31,  
     2016     2015  

Expected weighted average life

      82 months       92 months  

Constant prepayment speed

      8.70 %      7.35 % 

Discount rate

      10.05       10.01  

Primary mortgage rate to refinance

      4.11       4.03  

Cost to service (per loan per year):

     

Current

    $ 64     $ 63  

30-59 days or less delinquent

      214       213  

60-89 days delinquent

      364       313  

90-119 days delinquent

      464       413  

120 days or more delinquent

      864       563