Mortgage banking activities (Tables)

9 Months Ended

Sep. 30, 2024

Mortgage Banking [Abstract]

Mortgage Banking Activities

Quarters ended September 30,

Nine months ended September 30,

(In thousands)

2024

2023

2024

2023

Mortgage servicing fees, net of fair value adjustments:

Mortgage servicing fees

$

7,559

$

8,025

$

22,912

$

25,083

Mortgage servicing rights fair value adjustments

(4,896)

(2,793)

(10,280)

(10,385)

Total mortgage servicing fees, net of fair value adjustments

2,663

5,232

12,632

14,698

Net gain (loss) on sale of loans, including valuation on loans held-for-sale

320

(335)

396

(133)

Trading account (loss) profit:

Unrealized (loss) gains on outstanding derivative positions

(44)

45

113

160

Realized (loss) gains on closed derivative positions

(261)

494

(249)

661

Total trading account (loss) profit

(305)

539

(136)

821

Losses on repurchased loans, including interest advances

(8)

(43)

(139)

(277)

Total mortgage banking activities

$

2,670

$

5,393

$

12,753

$

15,109

[1

] 

Effective on January 1, 2023, loans held-for-sale are stated at fair value. Prior to such date, loans held-for-sale were stated at lower-of-cost-or-

market.