Mortgage Servicing Rights (Tables)

3 Months Ended

Mar. 31, 2023

Transfers and Servicing [Abstract]

Changes in the company's MSRs

Changes in the Company’s MSRs were as follows:

Balance at January 1, 2023	$	84,448
Capitalization	2,915
Amortization	(2,324)
Balance at March 31, 2023	$	85,039

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:

	March 31, 2023			December 31, 2022
Unpaid principal balance	$	7,537,652		$	7,494,413
Weighted-average prepayment speed (CPR)	7.49		%	7.00		%
Estimated impact of a 10% increase	$	(2,308)		$	(5,393)
Estimated impact of a 20% increase	(4,922)			(10,354)
Discount rate	10.31		%	10.30		%
Estimated impact of a 10% increase	$	(5,149)		$	(1,765)
Estimated impact of a 20% increase	(9,894)			(3,957)
Weighted-average coupon interest rate	3.58		%	3.51		%
Weighted-average servicing fee (basis points)	32.46			32.44
Weighted-average remaining maturity (in years)	8.06			8.33