XML 39 R29.htm IDEA: XBRL DOCUMENT v3.22.2
Mortgage Servicing Rights (Tables)
6 Months Ended
Jun. 30, 2022
Mortgage Servicing Rights  
Schedule of estimated future amortization expense for MSRs

​

​

​

​

​

​

​

Estimated

(dollars in thousands)

  

Amortization

Under one year

​

$

1,075

One to two years

​

​

942

Two to three years

​

​

826

Three to four years

​

​

722

Four to five years

​

​

632

Schedule of details of the Company's MSRs

​

​

​

​

​

​

​

​

June 30, 

​

December 31, 

(dollars in thousands)

2022

  

2021

Gross carrying amount

$

69,207

​

$

69,103

Less: accumulated amortization

​

62,055

​

​

60,801

Net carrying value

$

7,152

​

$

8,302

​

​

​

​

​

​

Schedule of changes in amortized MSRs

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended June 30, 

​

Six Months Ended June 30, 

(dollars in thousands)

2022

  

2021

  

2022

  

2021

Balance at beginning of period

$

7,650

​

$

10,869

​

$

8,302

​

$

10,731

Originations

​

20

​

​

421

​

​

105

​

​

1,105

Amortization

​

(518)

​

​

(1,283)

​

​

(1,255)

​

​

(1,829)

Balance at end of period

$

7,152

​

$

10,007

​

$

7,152

​

$

10,007

Fair value of amortized MSRs at beginning of period

$

13,585

​

$

14,921

​

$

12,243

​

$

14,029

Fair value of amortized MSRs at end of period

$

14,969

​

$

13,480

​

$

14,969

​

$

13,480

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2022

​

December 31, 2021

​

​

​

​

​

​

​

​

Weighted

​

​

​

​

​

​

Weighted

​

​

  

Range

​

Average

​

Range

​

Average

​

Conditional prepayment rate

​

8.09

%

-

25.35

%

8.45

%

13.77

%

-

25.19

%

14.61

%

Life in years (of the MSR)

​

2.39

​

-

7.11

​

6.87

​

1.99

​

-

5.31

​

5.03

​

Weighted-average coupon rate

​

3.55

%

-

6.37

%

3.68

%

3.58

%

-

6.56

%

3.71

%

Discount rate

​

10.00

%

-

10.01

%

10.00

%

10.00

%

-

10.01

%

10.00

%