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Mortgage Servicing Rights (Tables)
12 Months Ended
Dec. 31, 2022
Transfers and Servicing [Abstract]  
Schedule of Servicing Assets at Amortized Value
Information with respect to the Company’s mortgage servicing rights follows:
Year Ended December 31,202220212020
Balance at beginning of year$31.6 $34.3 $30.6 
Acquisition of mortgage servicing rights1.3 — — 
Originations of mortgage servicing rights2.5 3.7 11.7 
Amortization expense(4.3)(6.4)(8.0)
Balance at end of year31.1 31.6 34.3 
Less valuation reserve— (3.4)(10.3)
Balance at end of year, net of valuation reserve$31.1 $28.2 $24.0 
Principal balance of serviced loans underlying mortgage servicing rights
$3,259.8 $3,203.7 $3,585.5 
Mortgage servicing rights as a percentage of serviced loans0.95 %0.88 %0.67 %