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Mortgage Banking (Tables)
3 Months Ended
Mar. 31, 2023
Mortgage Banking [Abstract]  
Schedule of Activity in the Mortgage Servicing Rights

The activity in the MSR is detailed in the table below for the periods presented ($ in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Balance at beginning of period

 

$

129,677

 

 

$

87,687

 

Origination of servicing assets

 

 

2,646

 

 

 

5,128

 

Change in fair value:

 

 

 

 

 

 

Due to market changes

 

 

(3,972

)

 

 

22,020

 

Due to run-off

 

 

(1,145

)

 

 

(3,785

)

Balance at end of period

 

$

127,206

 

 

$

111,050

 

Schedule of Mortgage Loans Sold and Serviced for Others

The table below details the mortgage loans sold and serviced for others at March 31, 2023 and December 31, 2022 ($ in thousands):

 

 

 

March 31, 2023

 

 

December 31, 2022

 

Federal National Mortgage Association

 

$

4,690,190

 

 

$

4,684,815

 

Government National Mortgage Association

 

 

3,372,781

 

 

 

3,350,222

 

Federal Home Loan Mortgage Corporation

 

 

56,479

 

 

 

52,023

 

Other

 

 

32,478

 

 

 

28,764

 

Total mortgage loans sold and serviced for others

 

$

8,151,928

 

 

$

8,115,824