Transfers and Servicing of Financial Assets (Tables)

3 Months Ended

Mar. 31, 2022

Transfers and Servicing [Abstract]

Transfer of Financial Assets Accounted for as Sales

The following table summarizes information related to mortgage banking activities:

	Three months ended March 31,
(In thousands)	2022		2021
Net gain on sale	$	397	$	2,109
Origination fees	135		541
Fair value adjustment	(104)		(8)
Mortgage banking activities	$	428	$	2,642
Proceeds from sale	$	26,753	$	79,308
Loans sold with servicing rights retained	25,363		75,691

Servicing Asset at Amortized Cost

The following table presents the change in the carrying amount for mortgage servicing assets:

	Three months ended March 31,
(In thousands)	2022		2021
Beginning balance	$	9,237	$	13,422
Additions (1)	1,068		586
Amortization	(570)		(1,490)
Adjustment to valuation allowance	—		(191)
Ending balance	$	9,735	$	12,327

(1)Includes $0.9 million acquired in connection with the Sterling merger.