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Mortgage Servicing Rights (Tables) | 12 Months Ended
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Dec. 31, 2022
Transfers and Servicing [Abstract] |
Changes in the company's mortgage servicing rights | Changes in the Company’s mortgage servicing rights (“MSRs”) were as follows, for the periods presented:
Carrying Value at January 1, 2021 | $ | 62,994 |
Capitalization | 33,948 |
Amortization | (21,485) |
Valuation adjustment | 13,561 |
Carrying Value at December 31, 2021 | $ | 89,018 |
Sale of MSRs | (15,565) |
Capitalization | 22,788 |
Amortization | (11,793) |
Carrying Value at December 31, 2022 | $ | 84,448 |
Data and key economic assumptions related to the company's mortgage servicing rights | Data and key economic assumptions related to the Company’s mortgage servicing rights as of December 31 are as follows:
| 2022 |  | 2021 |  | 2020
Unpaid principal balance | $ | 7,494,413 |  |  | $ | 8,728,629 |  |  | $ | 7,322,671 |
Weighted-average prepayment speed (CPR) | 7.00 | % |  | 10.56 | % |  | 15.05 | %
Estimated impact of a 10% increase | $ | (5,393) |  |  | $ | (3,875) |  |  | $ | (4,001) |
Estimated impact of a 20% increase | (10,354) |  |  | (7,464) |  |  | (7,674) |
Discount rate | 10.30 | % |  | 9.82 | % |  | 9.86 | %
Estimated impact of a 100bp increase | $ | (1,765) |  |  | $ | (4,153) |  |  | $ | (2,144) |
Estimated impact of a 200bp increase | (3,957) |  |  | (8,119) |  |  | (4,144) |
Weighted-average coupon interest rate | 3.51 | % |  | 3.29 | % |  | 3.58 | %
Weighted-average servicing fee (basis points) | 32.44 |  | 30.37 |  | 29.94
Weighted-average remaining maturity (in years) | 8.33 |  | 6.69 |  | 5.14

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- Definition Schedule of fair value assumption related to mortgage servicing rights. + References No definition available. + Details
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- Definition Tabular disclosure of activity in the balance of servicing assets subsequently measured at amortized cost. Includes, but is not limited to, beginning and ending balances, additions, disposals, and amortization. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 4 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128311188&loc=d3e122739-111746 + Details
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- References No definition available. + Details
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