Mortgage Servicing Rights - Schedule of Servicing Income and Expense Included in Mortgage Banking Income (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
|
Transfers and Servicing of Financial Assets [Abstract] | ||||
Servicing income | $ 7,316 | $ 7,586 | $ 14,663 | $ 15,354 |
Contractually Specified Servicing Fee Income, Statement of Income or Comprehensive Income [Extensible Enumeration] | Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees, Other expense | Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees, Other expense | Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees, Other expense | Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees, Other expense |
Change in fair value of mortgage servicing rights | $ (2,687) | $ (719) | $ (2,393) | $ (5,993) |
Change in fair value of derivative hedging instruments | (1,649) | (3,503) | (4,984) | (1,636) |
Servicing income | 2,980 | 3,364 | 7,286 | 7,725 |
Servicing expenses | 1,933 | 2,331 | 3,880 | 4,214 |
Net servicing income (loss) | $ 1,047 | $ 1,033 | $ 3,406 | $ 3,511 |