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Mortgage Banking (Tables)
6 Months Ended
Jun. 30, 2024
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):

 

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

Balance at beginning of period

 

$

131,870

 

 

$

129,677

 

Origination of servicing assets

 

 

6,664

 

 

 

6,602

 

Change in fair value:

 

 

 

 

 

 

Due to market changes

 

 

3,497

 

 

 

1,926

 

Due to run-off

 

 

(5,373

)

 

 

(3,855

)

Balance at end of period

 

$

136,658

 

 

$

134,350

 

Schedule of Mortgage Loans Sold and Serviced for Others

The table below details the mortgage loans sold and serviced for others at June 30, 2024 and December 31, 2023 ($ in thousands):

 

 

 

June 30, 2024

 

 

December 31, 2023

 

Federal National Mortgage Association

 

$

4,832,690

 

 

$

4,826,028

 

Government National Mortgage Association

 

 

3,608,146

 

 

 

3,510,983

 

Federal Home Loan Mortgage Corporation

 

 

161,375

 

 

 

112,352

 

Other

 

 

25,565

 

 

 

28,012

 

Total mortgage loans sold and serviced for others

 

$

8,627,776

 

 

$

8,477,375