Mortgage Servicing Rights (Tables)

9 Months Ended

Sep. 30, 2022

Transfers and Servicing [Abstract]

Changes in the company's MSRs

Changes in the Company’s MSRs were as follows: 

Balance at January 1, 2022	$	89,018
Sale of MSRs	(15,565)
Capitalization	18,052
Amortization	(9,525)
Balance at September 30, 2022	$	81,980

Data and key economic assumptions related to the Company's MSRs

Data and key economic assumptions related to the Company’s MSRs are as follows as of the dates presented:

	September 30, 2022			December 31, 2021
Unpaid principal balance	$	7,406,373		$	8,728,629
Weighted-average prepayment speed (CPR)	7.08		%	10.56		%
Estimated impact of a 10% increase	$	(5,254)		$	(3,875)
Estimated impact of a 20% increase	(10,089)			(7,464)
Discount rate	10.34		%	9.82		%
Estimated impact of a 10% increase	$	(323)		$	(4,153)
Estimated impact of a 20% increase	(891)			(8,119)
Weighted-average coupon interest rate	3.43		%	3.29		%
Weighted-average servicing fee (basis points)	32.14			30.37
Weighted-average remaining maturity (in years)	8.24			6.69