Mortgage banking activities (Tables)

12 Months Ended

Dec. 31, 2023

Mortgage Banking [Abstract]

Mortgage Banking Activities

Years ended December 31,

(In thousands)

2023

2022

2021

Mortgage servicing fees, net of fair value adjustments:

Mortgage servicing fees

$

32,981

$

36,487

$

38,105

Mortgage servicing rights fair value adjustments

(11,589)

236

(10,206)

Total mortgage servicing fees, net of fair value adjustments

21,392

36,723

27,899

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

(88)

(251)

21,684

Trading account profit:

Unrealized loss on outstanding derivative positions

(138)

-

-

Realized gains on closed derivative positions

614

6,635

1,323

Total trading account profit

476

6,635

1,323

Losses on repurchased loans, including interest advances [1]

(283)

(657)

(773)

Total mortgage banking activities

$

21,497

$

42,450

$

50,133

[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.