XML 40 R29.htm IDEA: XBRL DOCUMENT v3.22.1
Mortgage Servicing Rights (Tables)
3 Months Ended
Mar. 31, 2022
Mortgage Servicing Rights  
Schedule of estimated future amortization expense for MSRs

Estimated

(dollars in thousands)

  

Amortization

Under one year

$

1,296

One to two years

1,094

Two to three years

928

Three to four years

787

Four to five years

672

Schedule of details of the Company's MSRs

March 31, 

December 31, 

(dollars in thousands)

2022

  

2021

Gross carrying amount

$

69,187

$

69,103

Less: accumulated amortization

61,537

60,801

Net carrying value

$

7,650

$

8,302

Schedule of changes in amortized MSRs

Three Months Ended March 31, 

(dollars in thousands)

2022

  

2021

Balance at beginning of period

$

8,302

$

10,731

Originations

84

683

Amortization

(736)

(545)

Balance at end of period

$

7,650

$

10,869

Fair value of amortized MSRs at beginning of period

$

12,243

$

14,029

Fair value of amortized MSRs at end of period

$

13,585

$

14,921

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

March 31, 2022

December 31, 2021

Weighted

Weighted

  

Range

Average

Range

Average

Conditional prepayment rate

10.93

%

-

24.10

%

11.19

%

13.77

%

-

25.19

%

14.61

%

Life in years (of the MSR)

2.18

-

6.09

4.70

1.99

-

5.31

5.03

Weighted-average coupon rate

3.56

%

-

6.47

%

3.69

%

3.58

%

-

6.56

%

3.71

%

Discount rate

10.00

%

-

10.01

%

10.00

%

10.00

%

-

10.01

%

10.00

%