Mortgage Servicing Rights (Tables)

6 Months Ended

Jun. 30, 2022

Mortgage Servicing Rights

Schedule of estimated future amortization expense for MSRs

	Estimated
(dollars in thousands)	Amortization
Under one year	$	1,075
One to two years		942
Two to three years		826
Three to four years		722
Four to five years		632

Schedule of details of the Company's MSRs

	June 30,		December 31,
(dollars in thousands)	2022		2021
Gross carrying amount	$	69,207	$	69,103
Less: accumulated amortization		62,055		60,801
Net carrying value	$	7,152	$	8,302

Schedule of changes in amortized MSRs

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)	2022		2021		2022		2021
Balance at beginning of period	$	7,650	$	10,869	$	8,302	$	10,731
Originations		20		421		105		1,105
Amortization		(518)		(1,283)		(1,255)		(1,829)
Balance at end of period	$	7,152	$	10,007	$	7,152	$	10,007
Fair value of amortized MSRs at beginning of period	$	13,585	$	14,921	$	12,243	$	14,029
Fair value of amortized MSRs at end of period	$	14,969	$	13,480	$	14,969	$	13,480

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

	June 30, 2022							December 31, 2021
						Weighted							Weighted
	Range					Average		Range					Average
Conditional prepayment rate	8.09	%	-	25.35	%	8.45	%	13.77	%	-	25.19	%	14.61	%
Life in years (of the MSR)	2.39		-	7.11		6.87		1.99		-	5.31		5.03
Weighted-average coupon rate	3.55	%	-	6.37	%	3.68	%	3.58	%	-	6.56	%	3.71	%
Discount rate	10.00	%	-	10.01	%	10.00	%	10.00	%	-	10.01	%	10.00	%