Mortgage Servicing Rights (Tables)

3 Months Ended

Mar. 31, 2024

Transfers and Servicing [Abstract]

Schedule of Changes in the Company's MSRs

Changes in the Company’s MSRs were as follows:

Balance at January 1, 2024	$	91,688
Sale of MSRs	(19,539)
Capitalization	2,026
Amortization	(2,579)
Balance at March 31, 2024	$	71,596

Schedule of 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, 2024			December 31, 2023
Unpaid principal balance	$	5,860,523		$	7,826,182
Weighted-average prepayment speed (CPR)	8.96		%	8.77		%
Estimated impact of a 10% increase	$	(2,046)		$	(2,653)
Estimated impact of a 20% increase	(4,230)			(5,457)
Discount rate	11.10		%	10.85		%
Estimated impact of a 10% increase	$	(3,875)		$	(4,753)
Estimated impact of a 20% increase	(7,461)			(9,149)
Weighted-average coupon interest rate	4.05		%	3.88		%
Weighted-average servicing fee (basis points)	36.15			33.24
Weighted-average remaining maturity (in years)	7.50			7.50