LOAN SERVICING RIGHTS (Tables)

6 Months Ended

Jun. 30, 2020

Transfers and Servicing [Abstract]

Schedule of Carrying Value of Loan Servicing Rights Assets

The carrying value of the loan servicing rights assets is shown in the table below:

(dollars in thousands)	June 30, 2020		December 31, 2019
Loan Servicing Rights
Residential mortgage	$	91,381	$	94,902
SBA	5,241		7,886
Indirect automobile	162		247
Total loan servicing rights	$	96,784	$	103,035

The Company is not actively originating or selling indirect automobile loans.

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)	2020		2019		2020		2019
Indirect automobile servicing rights
Beginning carrying value, net	$	204	$	—	$	247	$	—
Amortization	(42)		—		(85)		—
Ending carrying value, net	$	162	$	—	$	162	$	—

Schedule of Sensitivity of Fair Value to Adverse Changes in Model Inputs and/or Assumptions

The fair value of MSRs, key metrics, and the sensitivity of the fair value to adverse changes in model inputs and/or assumptions are summarized below:

(dollars in thousands)	June 30, 2020			December 31, 2019
Residential mortgage servicing rights
Unpaid principal balance of loans serviced for others	$	10,266,233		$	8,469,600
Composition of residential loans serviced for others:
FHLMC	21.24		%	25.87		%
FNMA	64.77		%	65.35		%
GNMA	13.99		%	8.78		%
Total	100.00		%	100.00		%
Weighted average term (months)	341			341
Weighted average age (months)	28			33
Modeled prepayment speed	20.21		%	14.41		%
Decline in fair value due to a 10% adverse change	(5,255)			(4,455)
Decline in fair value due to a 20% adverse change	(9,945)			(8,520)
Weighted average discount rate	9.64		%	9.49		%
Decline in fair value due to a 10% adverse change	(2,936)			(3,557)
Decline in fair value due to a 20% adverse change	(5,686)			(6,810)

(dollars in thousands)	June 30, 2020			December 31, 2019
SBA servicing rights
Unpaid principal balance of loans serviced for others	$	335,416		$	339,247
Weighted average life (in years)	3.37			3.81
Modeled prepayment speed	19.87		%	17.86		%
Decline in fair value due to a 10% adverse change	(306)			(299)
Decline in fair value due to a 20% adverse change	(581)			(570)
Weighted average discount rate	10.91		%	11.47		%
Decline in fair value due to a 100 basis point adverse change	(130)			(144)
Decline in fair value due to a 200 basis point adverse change	(254)			(280)