Mortgage Banking (Tables)

6 Months Ended

Jun. 30, 2022

Mortgage Banking [Abstract]

Schedule of net revenues from the sales and servicing of mortgage loans

Net revenues from the sales and servicing of mortgage loans consisted of the following:

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
	(In Thousands)
Mortgage banking gain, net	$	1,166		$	2,670		$	3,710		$	8,311
Mortgage loans servicing revenue (expense):
Mortgage loans servicing revenue		1,862			1,888			3,741			3,805
Amortization of mortgage servicing rights		(1,375	)		(1,953	)		(2,778	)		(4,297	)
Mortgage servicing rights valuation adjustments		295			(448	)		1,527			4,872
		782			(513	)		2,490			4,380
Net revenue from sale and servicing of mortgage loans	$	1,948		$	2,157		$	6,200		$	12,691

Schedule of capitalized mortgage and valuation allowance

Activity for capitalized mortgage servicing rights and the related valuation allowance follows for the three and six months ended June 30, 2022 and 2021:

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
	(In Thousands)
Mortgage servicing assets:
Balance at beginning of period	$	22,189		$	21,696		$	22,244		$	21,666
Loans sold, servicing retained		1,059			1,939			2,407			4,313
Amortization		(1,375	)		(1,953	)		(2,778	)		(4,297	)
Carrying value before valuation allowance at end of period		21,873			21,682			21,873			21,682
Valuation allowance:
Balance at beginning of period		(1,474	)		(3,193	)		(2,707	)		(8,513	)
Impairment recovery (charges)		294			(448	)		1,527			4,872
Balance at end of period		(1,180	)		(3,641	)		(1,180	)		(3,641	)
Net carrying value of MSRs at end of period	$	20,693		$	18,041		$	20,693		$	18,041
Fair value of MSRs at end of period	$	26,927		$	18,054		$	26,927		$	18,054