XML 62 R46.htm IDEA: XBRL DOCUMENT v3.22.0.1
Residential Mortgage Servicing Rights (Tables)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Transfers and Servicing [Abstract]    
Schedule Of Changes In Mortgage Servicing Rights The following table presents the changes in the Company's residential mortgage servicing rights for the years ended December 31, 2021, 2020, and 2019: 
(in thousands) 202120202019
Balance, beginning of period$92,907 $115,010 $169,025 
Additions for new MSR capitalized38,522 51,000 25,169 
Sale of MSR assets— — (34,401)
Changes in fair value:  
  Changes due to collection/realization of expected cash flows over time
(18,903)(19,680)(25,408)
  Changes due to valuation inputs or assumptions (1)
11,089 (53,423)(19,375)
Balance, end of period$123,615 $92,907 $115,010 
(1) The change in valuation inputs and assumptions principally reflect changes in discount rates and prepayment speeds, which are primarily affected by changes in interest rates.
  
Schedule Of Other Information Servicing Loan Portfolio  
Information related to the serviced loan portfolio as of December 31, 2021, 2020, and 2019 is as follows: 
(dollars in thousands)December 31, 2021December 31, 2020December 31, 2019
Balance of loans serviced for others$12,755,671 $13,026,720 $12,276,943 
MSR as a percentage of serviced loans0.97 %0.71 %0.94 %
Key Assumptions Used In Measuring The Fair Value of MSR Key assumptions used in measuring the fair value of MSR as of December 31, 2021, 2020, and 2019 were as follows:
 December 31, 2021December 31, 2020December 31, 2019
Constant prepayment rate12.75 %18.48 %13.33 %
Discount rate9.57 %9.72 %9.75 %
Weighted average life (years)5.94.96.0
  
Sensitivity Analysis of Current Fair Value to Changes in Discount and Prepayment Speed Assumptions A sensitivity analysis of the current fair value to changes in discount and prepayment speed assumptions as of December 31, 2021 and 2020 is as follows:
 December 31, 2021December 31, 2020
Constant prepayment rate
Effect on fair value of a 10% adverse change$(6,442)$(5,611)
Effect on fair value of a 20% adverse change$(12,092)$(10,833)
Discount rate
Effect on fair value of a 100 basis point adverse change$(4,643)$(3,339)
Effect on fair value of a 200 basis point adverse change$(8,942)$(6,448)