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Mortgage Loan Servicing, Origination, and Loans Held for Sale (Tables)

12 Months Ended

Dec. 31, 2024

Mortgage Loan Servicing, Origination, and Loans Held for Sale

Summary of changes in the fair value of MSRs and its offsetting hedge


		Year Ended December 31,
(Dollars in thousands)		2024			2023			2022
Increase/(decrease) in fair value of MSRs		$	4,127		$	(1,350)		$	14,886
Decay of MSRs			(8,926)			(8,540)			(9,897)
Loss related to derivatives			(6,748)			(1,420)			(18,212)
Net effect on Consolidated Statements of Income		$	(11,547)		$	(11,310)		$	(13,223)

Schedule of characteristics and sensitivity analysis of the MSR


		December 31,
(Dollars in thousands)		2024				2023
Composition of residential loans serviced for others
Fixed-rate mortgage loans			100.0	%			100.0	%
Adjustable-rate mortgage loans			—	%			—	%
Total			100.0	%			100.0	%
Weighted average life			7.97	years			8.03	years
Constant Prepayment rate (CPR)			7.0	%			7.0	%
Estimated impact on fair value of a 10% increase		$	(658)			$	(522)
Estimated impact on fair value of a 20% increase			(1,298)				(1,014)
Estimated impact on fair value of a 10% decrease			666				551
Estimated impact on fair value of a 20% decrease			1,328				1,128
Weighted average discount rate			10.9	%			10.7	%
Estimated impact on fair value of a 10% increase		$	(3,166)			$	(3,270)
Estimated impact on fair value of a 20% increase			(6,339)				(6,458)
Estimated impact on fair value of a 10% decrease			3,022				3,242
Estimated impact on fair value of a 20% decrease			5,738				6,283
Effect on fair value due to change in interest rates
25 basis point increase		$	1,761			$	1,647
50 basis point increase			3,296				3,189
25 basis point decrease			(1,952)				(1,723)
50 basis point decrease			(4,052)				(3,501)