Mortgage Banking (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31,
	2020			2019
	(In Thousands)
Gain from sale of mortgage loans	$	4,902		$	1,301
Mortgage loans servicing revenue (expense):
Mortgage loans servicing revenue		1,594			939
Amortization of mortgage servicing rights		(1,163	)		(286	)
Mortgage servicing rights valuation adjustments		(4,485	)		(113	)
		(4,054	)		540
Net revenue from sale and servicing of mortgage loans	$	848		$	1,841

Schedule of capitalized mortgage and valuation allowance

Activity for capitalized mortgage servicing rights and the related valuation allowance follows for the three months ended March 31, 2020 and 2019:

	Three Months Ended March 31,
	2020			2019
	(In Thousands)
Mortgage servicing assets:
Balance at beginning of period	$	10,801		$	10,419
Loans sold, servicing retained		1,376			278
Mortgage servicing rights acquired		9,747			—
Amortization		(1,163	)		(286	)
Carrying value before valuation allowance at end of period		20,761			10,411
Valuation allowance:
Balance at beginning of period		(534	)		(300	)
Impairment recovery (charges)		(4,485	)		(113	)
Balance at end of period		(5,019	)		(413	)
Net carrying value of MSRs at end of period	$	15,742		$	9,998
Fair value of MSRs at end of period	$	16,105		$	10,264