Mortgage banking activities (Tables)

9 Months Ended

Sep. 30, 2023

Mortgage Banking [Abstract]

Mortgage Banking Activities

Quarters ended September 30,

Nine months ended September 30,

(In thousands)

2023

2022

2023

2022

Mortgage servicing fees, net of fair value adjustments:

Mortgage servicing fees

$

8,025

$

9,126

$

25,083

$

27,635

Mortgage servicing rights fair value adjustments

(2,793)

(499)

(10,385)

2,846

Total mortgage servicing fees, net of fair value adjustments

5,232

8,627

14,698

30,481

Net (loss) gain on sale of loans, including valuation on loans held-for-sale

(335)

1,124

(133)

(374)

Trading account profit (loss):

Unrealized gains on outstanding derivative positions

45

-

160

-

Realized gains (losses) on closed derivative positions

494

(240)

661

6,325

Total trading account profit (loss)

539

(240)

821

6,325

Losses on repurchased loans, including interest advances

(43)

(63)

(277)

(544)

Total mortgage banking activities

$

5,393

$

9,448

$

15,109

$

35,888

[1] 

Effective on January 1, 2023, loans held-for-sale are stated at fair value. Prior to such date, loans held-for-sale were stated at lower-of-cost-or-

market.