Mortgage Servicing Rights (Tables)

6 Months Ended

Jun. 30, 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	7,717
Amortization	(4,733)
Balance at June 30, 2023	$	87,432

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:

	June 30, 2023			December 31, 2022
Unpaid principal balance	$	7,612,976		$	7,494,413
Weighted-average prepayment speed (CPR)	7.43		%	7.00		%
Estimated impact of a 10% increase	$	(2,245)		$	(1,765)
Estimated impact of a 20% increase	(4,791)			(3,957)
Discount rate	10.32		%	10.30		%
Estimated impact of a 10% increase	$	(5,414)		$	(5,393)
Estimated impact of a 20% increase	(10,400)			(10,354)
Weighted-average coupon interest rate	3.67		%	3.51		%
Weighted-average servicing fee (basis points)	32.62			32.44
Weighted-average remaining maturity (in years)	8.08			8.33