XML 42 R31.htm IDEA: XBRL DOCUMENT

Capitalized Mortgage Servicing Rights (Tables)

6 Months Ended

Jun. 30, 2020

Capitalized Mortgage Servicing Rights

Summary of capitalized MSR activity

A summary of our capitalized MSR activity is as follows (in thousands):


		Three Months Ended June 30, 2020									Six Months Ended June 30, 2020
		Originated			Acquired			Total			Originated			Acquired			Total
Balance at beginning of period		$	230,377		$	58,577		$	288,954		$	221,901		$	64,519		$	286,420
Additions			39,875			—			39,875			60,151			—			60,151
Amortization			(7,998)			(3,893)			(11,891)			(15,614)			(8,099)			(23,713)
Write-downs and payoffs			(1,802)			(1,848)			(3,650)			(5,986)			(3,584)			(9,570)
Balance at end of period		$	260,452		$	52,836		$	313,288		$	260,452		$	52,836		$	313,288


		Three Months Ended June 30, 2019									Six Months Ended June 30, 2019
Balance at beginning of period		$	189,610		$	88,029		$	277,639		$	176,686		$	97,084		$	273,770
Additions			15,923			—			15,923			36,532			—			36,532
Amortization			(6,778)			(5,546)			(12,324)			(13,145)			(11,461)			(24,606)
Write-downs and payoffs			(1,599)			(2,991)			(4,590)			(2,917)			(6,131)			(9,048)
Balance at end of period		$	197,156		$	79,492		$	276,648		$	197,156		$	79,492		$	276,648

Schedule of expected amortization of capitalized MSRs recorded

The expected amortization of capitalized MSRs recorded as of June 30, 2020 is as follows (in thousands):


Year		Amortization
2020 (six months ending 12/31/2020)		$	24,372
2021			46,434
2022			42,337
2023			38,209
2024			34,141
2025			31,015
Thereafter			96,780
Total		$	313,288