XML 58 R41.htm IDEA: XBRL DOCUMENT v3.25.0.1
Mortgage Servicing Rights (Tables)
 12 Months Ended
Dec. 31, 2024
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:
202420232022
 (dollars in thousands)
Amortized cost:
Balance at beginning of period$31,602 $34,217 $35,993 
Originations of MSRs3,758 2,475 4,067 
Amortization(4,669)(5,090)(5,843)
Balance at end of period$30,691 $31,602 $34,217 
Valuation allowance:
Balance at beginning of period$— $— $(600)
Reduction (addition) to valuation allowance— — 600 
Balance at end of period$— $— $— 
Net MSRs at end of period$30,691 $31,602 $34,217 
Estimated fair value of MSRs at end of period$53,972 $49,696 $50,044 
Schedule Of MSR Amortization Expense Estimated future MSRs
amortization expense, based on balances as of December 31, 2024, and the estimated remaining lives of the underlying loans, is as follows (dollars in thousands):
Year 
2025$3,509 
20263,169 
20272,856 
20282,577 
20292,331 
Thereafter16,249 
Total estimated amortization expense$30,691