Guarantees (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024 and 2023.

Quarters ended

March 31,

(In thousands)

2024

2023

Balance as of beginning of period

$

4,211

$

6,897

Provision (benefit) for recourse liability

244

(654)

Net charge-offs

(102)

(379)

Balance as of end of period

$

4,353

$

5,864