Loans serviced for investors totaled $3.8 billion at June 30, 2012, compared to $3.9 billion at June 30, 2011. Net loan servicing fees were $(704,000) for the second quarter of 2012, compared to $805,000 for the second quarter a year ago. The decrease was due to continued rapid loan prepayments that have resulted in an elevated amount of impairment charges on mortgage servicing rights. At June 30, 2012, the carrying value of mortgage servicing rights was $17.4 million, or 46 basis points of such loans serviced.Income Statement and Key Ratio Summary
First Republic Reports Strong Second Quarter Results
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