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Mortgage Servicing Rights (Tables)
3 Months Ended
Mar. 31, 2020
Mortgage Servicing Rights  
Schedule of estimated future amortization expense for MSRs

Estimated

(dollars in thousands)

  

Amortization

Under one year

$

2,535

One to two years

2,047

Two to three years

1,651

Three to four years

1,341

Four to five years

1,101

Schedule of details of the Company's MSRs

March 31, 

December 31, 

(dollars in thousands)

  

2020

  

2019

Gross carrying amount

$

64,771

$

63,480

Less: accumulated amortization

52,792

50,812

Net carrying value

$

11,979

$

12,668

Schedule of changes in amortized MSRs

Three Months Ended March 31, 

(dollars in thousands)

  

2020

  

2019

Balance at beginning of period

$

12,668

$

16,155

Originations

1,291

8

Amortization

(1,980)

(764)

Balance at end of period

$

11,979

$

15,399

Fair value of amortized MSRs at beginning of period

$

20,329

$

27,662

Fair value of amortized MSRs at end of period

$

17,615

$

26,383

Schedule of quantitative assumptions used in determining lower of cost or fair value of MSRs

March 31, 2020

December 31, 2019

Weighted

Weighted

  

Range

Average

Range

Average

Conditional prepayment rate

14.17

%

-

24.82

%

14.45

%

10.74

%

-

23.39

%

11.10

%

Life in years (of the MSR)

1.93

-

5.26

5.00

2.04

-

6.33

5.99

Weighted-average coupon rate

3.93

%

-

7.22

%

3.99

%

3.96

%

-

7.26

%

4.01

%

Discount rate

10.00

%

-

10.00

%

10.00

%

10.00

%

-

10.01

%

10.00

%