MORTGAGE LOAN SERVICING (Tables)

3 Months Ended

Mar. 31, 2020

MORTGAGE LOAN SERVICING

Tabular disclosure of assumptions used in the calculation of fair value of MSR

	March 31,		December 31,
	2020		2019
Prepayment speed	16.09	%	12.43	%
Discount rate	9.34		9.34
Default rate	2.34		2.61

Schedule of summarized changes to mortgage servicing rights

	Three Months Ended March 31,
	2020		2019
	(in thousands)
Balance, beginning of period	$	17,150	$	22,217
Additions		444		165
Changes in fair value due to:
Reductions from loans paid off during the period		(576)		(319)
Changes in valuation inputs or assumptions		(3,811)		(1,832)
Balance, end of period	$	13,207	$	20,231