Mortgage banking activities (Tables)

6 Months Ended

Jun. 30, 2021

Mortgage Banking [Abstract]

Mortgage Banking Activities

			Quarters ended June 30,			Six months ended June 30,
(In thousands)			2021		2020		2021		2020
Mortgage servicing fees, net of fair value adjustments:
	Mortgage servicing fees	$	9,522	$	9,058	$	19,237	$	20,026
	Mortgage servicing rights fair value adjustments		(6,239)		(7,640)		(5,727)		(12,869)
Total mortgage servicing fees, net of fair value adjustments			3,283		1,418		13,510		7,157
Net gain on sale of loans, including valuation on loans held-for-sale			5,197		5,487		10,172		9,473
Trading account (loss) profit:
	Unrealized gains on outstanding derivative positions		-		1,695		-		-
	Realized (losses) gains on closed derivative positions		(866)		(4,823)		1,636		(6,433)
Total trading account (loss) profit			(866)		(3,128)		1,636		(6,433)
Losses on repurchased loans, including interest advances [1]			(166)		-		(527)		-
Total mortgage banking activities		$	7,448	$	3,777	$	24,791	$	10,197
[1]	The Corporation, from time to time, repurchases delinquent loans from its GNMA servicing portfolio, in compliance with Guarantor guidelines, and may incur in losses related to previously advanced interest on delinquent loans. Effective for the quarter ended September 30, 2020, the Corporation has determined to present these losses as part of its Mortgage Banking Activities, which were previously presented within the indemnity reserves on loans sold component of non-interest income. The amount of these losses for prior years were considered immaterial for reclassification.