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Mortgage Servicing Rights (Tables)
 3 Months Ended
Mar. 31, 2020
Transfers and Servicing [Abstract]  
Summary of Changes in Mortgage Servicing Rights

The following table summarizes the changes in MSRs, which are included in other assets on the Consolidated Balance Sheets:
 
Three months ended March 31
 
2020
 
2019
 
(in thousands)
Amortized cost:
 
 
 
Balance at beginning of period
$
39,267

 
$
38,573

Originations of MSRs
1,478

 
1,225

Amortization
(1,891
)
 
(1,294
)
Balance at end of period
$
38,854

 
$
38,504

 
 
 
 
Valuation allowance:
 
 
 
Balance at beginning of period
$
—

 
$
—

Additions to valuation allowance
(1,100
)
 
—

Balance at end of period
$
(1,100
)
 
$
—

 
 
 
 
Net MSRs at end of period
$
37,754

 
$
38,504