Mortgage Servicing Rights (Tables)

6 Months Ended

Jun. 30, 2021

Mortgage Servicing Rights

Schedule of estimated future amortization expense for MSRs

	Estimated
(dollars in thousands)	Amortization
Under one year	$	1,921
One to two years		1,516
Two to three years		1,230
Three to four years		1,014
Four to five years		847

Schedule of details of the Company's MSRs

	June 30,		December 31,
(dollars in thousands)	2021		2020
Gross carrying amount	$	68,961	$	67,856
Less: accumulated amortization		58,954		57,125
Net carrying value	$	10,007	$	10,731

Schedule of changes in amortized MSRs

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)	2021		2020		2021		2020
Balance at beginning of period	$	10,869	$	11,979	$	10,731	$	12,668
Originations		421		915		1,105		2,206
Amortization		(1,283)		(1,299)		(1,829)		(3,279)
Balance at end of period	$	10,007	$	11,595	$	10,007	$	11,595
Fair value of amortized MSRs at beginning of period	$	14,921	$	17,615	$	14,029	$	20,329
Fair value of amortized MSRs at end of period	$	13,480	$	15,159	$	13,480	$	15,159

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

	June 30, 2021							December 31, 2020
						Weighted							Weighted
	Range					Average		Range					Average
Conditional prepayment rate	14.85	%	-	31.02	%	15.37	%	11.86	%	-	26.52	%	16.90	%
Life in years (of the MSR)	1.70		-	5.16		4.96		1.83		-	6.68		4.45
Weighted-average coupon rate	3.63	%	-	6.77	%	3.75	%	3.24	%	-	6.98	%	3.84	%
Discount rate	10.00	%	-	10.00	%	10.00	%	10.00	%	-	10.00	%	10.00	%