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Mortgage Servicing Rights (Tables)

3 Months Ended

Mar. 31, 2022

Transfers and Servicing [Abstract]

Summary of Changes in Mortgage Servicing Rights

The following table summarizes the changes in MSRs, which are included in other assets on the consolidated balance sheets, with adjustments to the carrying value included in mortgage banking income on the consolidated statements of income:

			Three months ended March 31
			2022						2021
			(in thousands)
Amortized cost:
Balance at beginning of period			$	35,993					$	38,745
Originations of MSRs			1,355						2,811
Amortization			(1,724)						(3,753)
Balance at end of period			$	35,624					$	37,803
Valuation allowance:
Balance at beginning of period			$	(600)					$	(10,500)
Reduction (addition) to valuation allowance			600						6,100
Balance at end of period			$	—					$	(4,400)
Net MSRs at end of period			$	35,624					$	33,403
Estimated fair value of MSRs at end of period			$	47,609					$	33,403

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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 http://asc.fasb.org/extlink&oid=125521744&loc=d3e122739-111746

+ Details

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Period Type:	duration

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- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
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Period Type:	duration