XML 43 R31.htm IDEA: XBRL DOCUMENT

Capitalized Mortgage Servicing Rights (Tables)

6 Months Ended

Jun. 30, 2021

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, 2021									Six Months Ended June 30, 2021
		Originated			Acquired			Total			Originated			Acquired			Total
Beginning balance		$	367,428		$	39,552		$	406,980		$	336,466		$	43,508		$	379,974
Additions			31,971			—			31,971			77,009			—			77,009
Amortization			(11,796)			(2,871)			(14,667)			(22,875)			(5,996)			(28,871)
Write-downs and payoffs			(4,540)			(1,091)			(5,631)			(7,537)			(1,922)			(9,459)
Ending balance		$	383,063		$	35,590		$	418,653		$	383,063		$	35,590		$	418,653


		Three Months Ended June 30, 2020									Six Months Ended June 30, 2020
Beginning balance		$	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)
Ending balance		$	260,452		$	52,836		$	313,288		$	260,452		$	52,836		$	313,288

Schedule of expected amortization of capitalized MSRs recorded

The expected amortization of capitalized MSRs recorded as of June 30, 2021 is as follows (in thousands):


Year		Amortization
2021 (six months ending 12/31/2021)		$	29,936
2022			57,277
2023			53,613
2024			49,872
2025			46,778
2026			42,711
Thereafter			138,466
Total		$	418,653