MORTGAGE BANKING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2020

Mortgage Banking Activities [Abstract]

Residential Mortgage Loan Production

	March 31, 2020
	Unpaid Principal
(Dollars in Thousands)	Balance/Notional		Fair Value
Residential Mortgage Loans Held for Sale	$	80,535	$	82,598
Residential Mortgage Loan Commitments ("IRLCs")(1)		131,007		3,898
Forward Sales Contracts(2)		115,500		(2,628)
			$	83,868
(1)Recorded in other assets at fair value
(2)Recorded in other liabilities at fair value

Mortgage banking revenue

	Three Months Ended March 31,
(Dollars in Thousands)	2020
Net Realized Gains on Sales of Mortgage Loans	$	3,407
Net Change in Unrealized Gain on Mortgage Loans Held for Sale		738
Net Change in the Fair Value of Mortgage Loan Commitments (IRLCs)		1,655
Net Change in the Fair Value of Forward Sales Contracts		(1,394)
Pair-Offs on Net Settlement of Forward Sales Contracts		(1,376)
Total Mortgage Banking Revenues	$	3,030

Summary of mortgage servicing rights

(Dollars in Thousands)	March 31, 2020
Number of Residential Mortgage Loans Serviced for Others		627
Outstanding Principal Balance of Residential Mortgage Loans Serviced for Others	$	165,274
Weighted Average Interest Rate		4.56%
Remaining Contractual Term (in months)		316

Summary of mortgage servicing rights

(Dollars in Thousands)
Beginning Balance	$	910
Additions due to loans sold with servicing retained		25
Deletions and amortization		(25)
Ending Balance	$	910

Key unobservable inputs used in determining the fair value of mortgage servicing rights

	Minimum		Maximum
Discount Rates		11.00%	15.00%
Annual prepayment speeds		13.20%	25.26%
Cost of Servicing (basis points)		90	110

Warehouse Line Borrowings

	Amounts
(Dollars in Thousands)	Outstanding
$25 million warehouse line of credit agreement expiring October 2020. Interest is at LIBOR plus 2.25%, with a floor rate of 3.50%. A cash pledge deposit of $0.1 million is required by the lender.	$	17,572
$50 million master repurchase agreement without defined expiration. Interest is at the LIBOR plus 2.24% to 3.00%. A cash pledge deposit of $0.5 million is required by the lender.		19,286
$50 million warehouse line of credit agreement expiring in September 2020. Interest is at the LIBOR plus 2.25%		36,498
	$	73,356