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MORTGAGE LOAN SERVICING (Tables)
6 Months Ended
Jun. 30, 2020
MORTGAGE LOAN SERVICING  
Tabular disclosure of assumptions used in the calculation of fair value of MSR

June 30, 

December 31, 

    

2020

    

2019

  

Prepayment speed

17.00

12.43

%

Discount rate

9.31

9.34

Default rate

1.98

2.61

Schedule of summarized changes to mortgage servicing rights

Three Months Ended June 30, 

Six Months Ended June 30, 

    

2020

2019

     

2020

    

2019

(in thousands)

Balance, beginning of period

$

13,207

$

20,231

$

17,150

$

22,217

Additions

4,031

166

4,475

331

Changes in fair value due to:

Reductions from loans paid off during the period

(1,114)

(459)

(1,690)

(778)

Changes in valuation inputs or assumptions

3

(1,782)

(3,808)

(3,614)

Balance, end of period

$

16,127

$

18,156

$

16,127

$

18,156