Capitalized Mortgage Servicing Rights (Tables)

9 Months Ended

Sep. 30, 2022

Capitalized Mortgage Servicing Rights

Summary of capitalized MSR activity

A summary of our capitalized MSR activity is as follows (in thousands):

	Three Months Ended September 30, 2022						Nine Months Ended September 30, 2022
	Originated		Acquired		Total		Originated		Acquired		Total
Beginning balance	$	391,397	$	20,137	$	411,534	$	395,573	$	27,161	$	422,734
Additions		18,907		—		18,907		63,002		—		63,002
Amortization		(13,355)		(1,427)		(14,782)		(39,348)		(5,184)		(44,532)
Write-downs and payoffs		(9,957)		(1,816)		(11,773)		(32,235)		(5,083)		(37,318)
Ending balance	$	386,992	$	16,894	$	403,886	$	386,992	$	16,894	$	403,886

	Three Months Ended September 30, 2021						Nine Months Ended September 30, 2021
Beginning balance	$	383,063	$	35,590	$	418,653	$	336,466	$	43,508	$	379,974
Additions		22,387		—		22,387		99,397		—		99,397
Amortization		(12,345)		(2,527)		(14,872)		(35,221)		(8,523)		(43,744)
Write-downs and payoffs		(7,420)		(1,465)		(8,885)		(14,957)		(3,387)		(18,344)
Ending balance	$	385,685	$	31,598	$	417,283	$	385,685	$	31,598	$	417,283

Schedule of expected amortization of capitalized MSRs recorded

The expected amortization of capitalized MSRs recorded as of September 30, 2022 is as follows (in thousands):

Year	Amortization
2022 (three months ending 12/31/2022)	$	14,858
2023		58,242
2024		56,127
2025		53,426
2026		49,876
2027		44,116
Thereafter		127,241
Total	$	403,886