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Mortgage Servicing Rights (Tables)

9 Months Ended

Sep. 30, 2023

Other Assets.

Schedule of estimated future amortization expense for MSRs

​

​	​	​	​
​	​	Estimated
(dollars in thousands)		Amortization
Under one year	​	$	852
One to two years	​	​	757
Two to three years	​	​	671
Three to four years	​	​	592
Four to five years	​	​	523

Schedule of details of the Company's MSRs

​

​	​	​	​	​	​	​
​	​	September 30,		​	December 31,
(dollars in thousands)		2023			2022
Gross carrying amount	​	$	69,406	​	$	69,273
Less: accumulated amortization	​	​	63,551	​	​	62,711
Net carrying value	​	$	5,855	​	$	6,562
​	​	​	​	​	​	​

Schedule of changes in amortized MSRs

​

​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Three Months Ended September 30,					​	Nine Months Ended September 30,
(dollars in thousands)		2023			2022			2023			2022
Balance at beginning of period	​	$	6,072	​	$	7,152	​	$	6,562	​	$	8,302
Originations	​	​	65	​	​	47	​	​	133	​	​	151
Amortization	​	​	(282)	​	​	(333)	​	​	(840)	​	​	(1,587)
Balance at end of period	​	$	5,855	​	$	6,866	​	$	5,855	​	$	6,866
Fair value of amortized MSRs at beginning of period	​	$	14,557	​	$	14,969	​	$	15,193	​	$	12,243
Fair value of amortized MSRs at end of period	​	$	14,520	​	$	14,945	​	$	14,520	​	$	14,945

Schedule of quantitative assumptions used in determining lower of cost or fair value of MSRs

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	September 30, 2023						​	December 31, 2022						​
​	​	​	​	​	​	​	Weighted	​	​	​	​	​	​	Weighted	​
​		Range				​	Average	​	Range				​	Average	​
Conditional prepayment rate	​	6.89	%	-	11.27	%	7.02	%	7.02	%	-	13.58	%	7.11	%
Life in years (of the MSR)	​	4.26	​	-	7.25	​	7.11	​	3.35	​	-	7.37	​	7.20	​
Weighted-average coupon rate	​	3.57	%	-	5.84	%	3.70	%	3.55	%	-	6.24	%	3.68	%
Discount rate	​	10.36	%	-	10.55	%	10.52	%	10.41	%	-	10.54	%	10.51	%

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Tabular disclosure of all information related to the key inputs and assumptions used in measuring the fair value of assets obtained or liabilities incurred, as the result of a sale of financial assets, relating to the transferor's continuing involvement, if any, at the time of securitization, asset-backed financing arrangement, or similar transfer (including at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses, including expected static pool losses).

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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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.

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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