XML 37 R27.htm IDEA: XBRL DOCUMENT v3.22.2.2
Mortgage Servicing Rights (Tables)
 9 Months Ended
Sep. 30, 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 September 30Nine months ended September 30
 2022202120222021
 (in thousands)
Amortized cost:
Balance at beginning of period$35,249 $36,062 $35,993 $38,745 
Originations of MSRs1,051 2,637 3,459 6,905 
Amortization(1,360)(2,661)(4,512)(9,612)
Balance at end of period$34,940 $36,038 $34,940 $36,038 
Valuation allowance:
Balance at beginning of period$— $(6,600)$(600)$(10,500)
Reduction (addition) to valuation allowance— 3,500 600 7,400 
Balance at end of period$— $(3,100)$— $(3,100)
Net MSRs at end of period$34,940 $32,938 $34,940 $32,938 
Estimated fair value of MSRs at end of period$51,072 $32,938 $51,072 $32,938