SERVICING ASSETS (Tables)

6 Months Ended

Jun. 30, 2022

Transfers and Servicing [Abstract]

Schedule of Changes in Serving Rights at Fair Value

The following table presents the changes in servicing rights measured using the fair value method for the quarters and six-month periods ended June 30, 2022 and 2021:

	Quarter Ended June 30,				Six-Month Period Ended June 30,
	2022		2021		2022		2021
	(In thousands)
Fair value at beginning of period	$	49,446	$	47,911	$	48,973	$	47,295
Servicing from mortgage securitization or asset transfers	1,150		2,023		2,269		3,443
Changes due to payments on loans	(1,478)		(1,862)		(2,977)		(3,369)
Changes in fair value due to changes in valuation model inputs or assumptions	162		(360)		1,015		343
Fair value at end of period	$	49,280	$	47,712	$	49,280	$	47,712

Schedule of Key Economic Assumptions

The following table presents key economic assumption ranges used in measuring the mortgage-related servicing asset fair value for the six-month periods ended June 30, 2022 and 2021:

	Six-Month Period Ended June 30,
	2022	2021
Constant prepayment rate	3.60% - 22.71%	4.82% - 25.64%
Discount rate	10.00% - 15.50%	10.00% - 15.50%

Schedule of Sensitivity of Current Fair Value of Servicing Assets

The sensitivity of the current fair value of servicing assets to immediate 10 percent and 20 percent adverse changes in the above key assumptions were as follows:

	June 30, 2022		December 31, 2021
	(In thousands)
Mortgage-related servicing asset
Carrying value of mortgage servicing asset	$	49,280	$	48,973
Constant prepayment rate
Decrease in fair value due to 10% adverse change	$	(951)	$	(1,020)
Decrease in fair value due to 20% adverse change	$	(1,872)	$	(2,004)
Discount rate
Decrease in fair value due to 10% adverse change	$	(2,221)	$	(2,175)
Decrease in fair value due to 20% adverse change	$	(4,270)	$	(4,183)