XML 55 R37.htm IDEA: XBRL DOCUMENT v3.20.4
Transfers of Financial Assets (Tables)
 12 Months Ended
Dec. 31, 2020
Transfers and Servicing [Abstract]  
Schedule of Reserve For Loan Repurchases Table
The following table provides a summary of activity in the reserve for loan repurchases:
 Years ended December 31,
(In thousands)202020192018
Beginning balance$508 $674 $872 
Provision (benefit) charged to expense141 1,865 (160)
Recoveries, net (settlements charged-off/repurchased loans, net)98 (2,031)(38)
Ending balance$747 $508 $674 
Schedule of Loan Sale Activity [Table Text Block]
The following table provides information for mortgage banking activities:
 Years ended December 31,
(In thousands)202020192018
Proceeds from sale$486,341 $216,239 $188,025 
Loans sold with servicing rights retained464,736 199,114 166,909 
Net gain on sale$15,305 $4,031 $3,146 
Ancillary fees3,230 1,614 1,544 
Fair value option adjustment(240)470 (266)
Servicing Asset at Amortized Cost
The Company has retained servicing rights on residential mortgage loans totaling $2.3 billion and $2.4 billion at December 31, 2020 and 2019, respectively.
The following table presents the changes in carrying value for mortgage servicing assets:
 Years ended December 31,
(In thousands)202020192018
Beginning balance$17,484 $21,215 $25,139 
Additions4,373 3,587 4,459 
Amortization(6,562)(7,318)(8,383)
Valuation allowance(1,873)— — 
Ending balance$13,422 $17,484 $21,215 
Loan servicing fees, net of mortgage servicing rights amortization, were $1.5 million, $1.9 million, and $1.2 million, for the years ended December 31, 2020, 2019, and 2018, respectively, and are included as a component of loan and lease related fees in the accompanying Consolidated Statements of Income.