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MORTGAGE LOAN SERVICING (Tables)
12 Months Ended
Dec. 31, 2021
MORTGAGE LOAN SERVICING  
Tabular disclosure of assumptions used in the calculation of fair value of MSR

December 31, 

    

2021

    

2020

  

Prepayment speed

9.40

14.30

%

Discount rate

9.20

9.23

Default rate

1.64

2.27

Schedule of summarized changes to mortgage servicing rights

Year Ended December 31, 

    

2021

    

2020

2019

(in thousands)

Balance, beginning of period

$

24,833

$

17,150

22,217

Additions

13,815

14,415

1,174

Changes in fair value due to:

Reductions from loans paid off during the period

(6,019)

(4,181)

(1,972)

Changes in valuation inputs or assumptions

5,639

(2,551)

(4,269)

Balance, end of period

$

38,268

$

24,833

17,150