Mortgage Servicing Rights (Tables)

9 Months Ended

Sep. 30, 2023

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, with adjustments to the carrying value included in mortgage banking income on the consolidated statements of income:

	Three months ended September 30				Nine months ended September 30
	2023		2022		2023		2022
	(dollars in thousands)
Amortized cost:
Balance at beginning of period	$	32,458	$	35,249	$	34,217	$	35,993
Originations of MSRs	1,083		1,051		1,967		3,459
Amortization	(1,193)		(1,360)		(3,836)		(4,512)
Balance at end of period	$	32,348	$	34,940	$	32,348	$	34,940
Valuation allowance:
Balance at beginning of period	$	—	$	—	$	—	$	(600)
Reduction (addition) to valuation allowance	—		—		—		600
Balance at end of period	$	—	$	—	$	—	$	—
Net MSRs at end of period	$	32,348	$	34,940	$	32,348	$	34,940
Estimated fair value of MSRs at end of period	$	51,523	$	51,072	$	51,523	$	51,072