Guarantees (Tables)

3 Months Ended

Mar. 31, 2023

Guarantee on loans sold or serviced with credit recourse

Guarantor Obligations [Line Items]

Credit recourse agreements reserve

The following table shows the changes in the Corporation’s liability of estimated losses related to loans serviced with credit recourse

provisions during the quarters ended March 31, 2023 and 2022.

Quarters ended March 31,

(In thousands)

2023

2022

Balance as of beginning of period

$

6,897

$

11,800

Provision (benefit) for recourse liability

(654)

46

Net charge-offs

(379)

(1,511)

Balance as of end of period

$

5,864

$

10,335