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Mortgage Servicing Rights (Tables)
3 Months Ended
Mar. 31, 2020
Mortgage Servicing Rights  
Schedule of estimated future amortization expense for MSRs

​

​

​

​

​

​

​

Estimated

(dollars in thousands)

  

Amortization

Under one year

​

$

2,535

One to two years

​

​

2,047

Two to three years

​

​

1,651

Three to four years

​

​

1,341

Four to five years

​

​

1,101

Schedule of details of the Company's MSRs

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​

​

​

​

​

​

​

​

​

March 31, 

​

December 31, 

(dollars in thousands)

  

2020

  

2019

Gross carrying amount

​

$

64,771

​

$

63,480

Less: accumulated amortization

​

​

52,792

​

​

50,812

Net carrying value

​

$

11,979

​

$

12,668

Schedule of changes in amortized MSRs

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​

​

​

​

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​

​

​

Three Months Ended March 31, 

(dollars in thousands)

  

2020

  

2019

Balance at beginning of period

​

$

12,668

​

$

16,155

Originations

​

​

1,291

​

​

8

Amortization

​

​

(1,980)

​

​

(764)

Balance at end of period

​

$

11,979

​

$

15,399

Fair value of amortized MSRs at beginning of period

​

$

20,329

​

$

27,662

Fair value of amortized MSRs at end of period

​

$

17,615

​

$

26,383

Schedule of quantitative assumptions used in determining lower of cost or fair value of MSRs

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​

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​

​

​

​

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​

​

​

​

​

March 31, 2020

​

December 31, 2019

​

​

​

​

​

​

​

​

Weighted

​

​

​

​

​

​

Weighted

​

​

  

Range

​

Average

​

Range

​

Average

​

Conditional prepayment rate

​

14.17

%

-

24.82

%

14.45

%

10.74

%

-

23.39

%

11.10

%

Life in years (of the MSR)

​

1.93

​

-

5.26

​

5.00

​

2.04

​

-

6.33

​

5.99

​

Weighted-average coupon rate

​

3.93

%

-

7.22

%

3.99

%

3.96

%

-

7.26

%

4.01

%

Discount rate

​

10.00

%

-

10.00

%

10.00

%

10.00

%

-

10.01

%

10.00

%