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Mortgage Servicing Rights (Tables)
6 Months Ended
Jun. 30, 2020
Mortgage Servicing Rights  
Schedule of estimated future amortization expense for MSRs

Estimated

(dollars in thousands)

  

Amortization

Under one year

$

2,687

One to two years

2,088

Two to three years

1,625

Three to four years

1,292

Four to five years

1,046

Schedule of details of the Company's MSRs

June 30, 

December 31, 

(dollars in thousands)

  

2020

  

2019

Gross carrying amount

$

65,686

$

63,480

Less: accumulated amortization

54,091

50,812

Net carrying value

$

11,595

$

12,668

Schedule of changes in amortized MSRs

Three Months Ended June 30, 

Six Months Ended June 30, 

(dollars in thousands)

  

2020

  

2019

  

2020

  

2019

Balance at beginning of period

$

11,979

$

15,399

$

12,668

$

16,155

Originations

915

16

2,206

24

Amortization

(1,299)

(842)

(3,279)

(1,606)

Balance at end of period

$

11,595

$

14,573

$

11,595

$

14,573

Fair value of amortized MSRs at beginning of period

$

17,615

$

26,383

$

20,329

$

27,662

Fair value of amortized MSRs at end of period

$

15,159

$

23,398

$

15,159

$

23,398

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

June 30, 2020

December 31, 2019

Weighted

Weighted

  

Range

Average

Range

Average

Conditional prepayment rate

14.35

%

-

24.33

%

16.64

%

10.74

%

-

23.39

%

11.10

%

Life in years (of the MSR)

1.92

-

5.72

4.45

2.04

-

6.33

5.99

Weighted-average coupon rate

3.87

%

-

7.11

%

3.96

%

3.96

%

-

7.26

%

4.01

%

Discount rate

10.00

%

-

10.00

%

10.00

%

10.00

%

-

10.01

%

10.00

%