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Mortgage Servicing Rights ("MSRs") (Tables)

6 Months Ended

Jun. 30, 2024

Disclosures Pertaining to Servicing Assets and Servicing Liabilities [Abstract]

Schedule of Changes in the Carrying Value of MSRs

The following is a summary of the changes in the carrying value of MSRs, accounted for at fair value, for the periods indicated:

						Three Months Ended												Six Months Ended
						June 30,						June 30,						June 30,						June 30,
(In thousands)						2024						2023						2024						2023
Fair value at beginning of the period						$	201,044					$	224,470					$	192,456					$	230,225
Additions from loans sold with servicing retained						8,223						8,720						13,602						13,827
Servicing rights sold						—						(30,170)						—						(30,170)
Estimate of changes in fair value due to:
Payoffs, paydowns and repurchases						(5,534)						(5,043)						(9,920)						(8,952)
Changes in valuation inputs or assumptions						877						2,715						8,472						(4,238)
Fair value at end of the period						$	204,610					$	200,692					$	204,610					$	200,692
Unpaid principal balance of mortgage loans serviced for others						$	12,211,027					$	11,752,223

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- References

No definition available.

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- Definition

Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481229/860-50-50-3

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