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MORTGAGE LOAN SERVICING (Tables)
3 Months Ended
Mar. 31, 2024
MORTGAGE LOAN SERVICING  
Tabular disclosure of assumptions used in the calculation of fair value of MSR

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March 31, 

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December 31, 

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2024

    

2023

  

Prepayment speed

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7.50

% 

7.60

%

Discount rate

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9.94

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9.81

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Default rate

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1.88

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2.27

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Schedule of summarized changes to mortgage servicing rights

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Three Months Ended March 31, 

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2024

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2023

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(in thousands)

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Balance, beginning of period

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$

46,111

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$

48,138

Additions

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211

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634

Changes in fair value due to:

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Reductions from loans paid off during the period

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(353)

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(371)

Changes in valuation inputs or assumptions

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628

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(1,321)

Balance, end of period

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$

46,597

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$

47,080