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Other Assets (Tables) | 3 Months Ended
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Mar. 31, 2024
Other Assets. |
Schedule of estimated future amortization expense for MSRs | Amortization of mortgage servicing rights (“MSRs”) was $0.3 million for both three months ended March 31, 2024 and 2023. The estimated future amortization expenses for MSRs over the next five years are as follows: ​
​ | ​ | ​ | ​
​ | ​ | Estimated
(dollars in thousands) |  | Amortization
Under one year | ​ | $ | 811
One to two years | ​ | ​ | 720
Two to three years | ​ | ​ | 637
Three to four years | ​ | ​ | 561
Four to five years | ​ | ​ | 497
Schedule of details of the Company's MSRs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
(dollars in thousands) |  | 2024 |  | 2023
Gross carrying amount | ​ | $ | 69,612 | ​ | $ | 69,515
Less: accumulated amortization | ​ | ​ | 64,079 | ​ | ​ | 63,816
Net carrying value | ​ | $ | 5,533 | ​ | $ | 5,699
​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of changes in amortized MSRs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
(dollars in thousands) |  | 2024 |  | 2023
Balance at beginning of period | ​ | $ | 5,699 | ​ | $ | 6,562
Originations | ​ | ​ | 97 | ​ | ​ | 17
Amortization | ​ | ​ | (263) | ​ | ​ | (280)
Balance at end of period | ​ | $ | 5,533 | ​ | $ | 6,299
Fair value of amortized MSRs at beginning of period | ​ | $ | 14,308 | ​ | $ | 15,193
Fair value of amortized MSRs at end of period | ​ | $ | 14,071 | ​ | $ | 15,169
Schedule of quantitative assumptions used in determining lower of cost or fair value of MSRs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2024 | ​ | December 31, 2023 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted | ​ | ​ | ​ | ​ | ​ | ​ | Weighted | ​
​ |  | Range | ​ | Average | ​ | Range | ​ | Average | ​
Conditional prepayment rate | ​ | 6.98 | % | - | 11.34 | % | 7.08 | % | 6.87 | % | - | 11.53 | % | 7.04 | %
Life in years (of the MSR) | ​ | 4.28 | ​ | - | 7.18 | ​ | 7.05 | ​ | 4.30 | ​ | - | 7.22 | ​ | 7.09 | ​
Weighted-average coupon rate | ​ | 3.63 | % | - | 5.75 | % | 3.75 | % | 3.57 | % | - | 5.81 | % | 3.73 | %
Discount rate | ​ | 10.27 | % | - | 10.58 | % | 10.52 | % | 10.40 | % | - | 10.60 | % | 10.52 | %

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- Definition 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). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481326/860-20-50-3 + 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 -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481229/860-50-50-4 + Details
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