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Capitalized Mortgage Servicing Rights (Tables)

3 Months Ended

Mar. 31, 2023

Capitalized Mortgage Servicing Rights

Summary of capitalized MSR activity

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


		Three Months Ended March 31, 2023									Three Months Ended March 31, 2022
		Originated			Acquired			Total			Originated			Acquired			Total
Beginning balance		$	386,878		$	14,593		$	401,471		$	395,573		$	27,161		$	422,734
Additions			13,886			—			13,886			26,971			—			26,971
Amortization			(14,287)			(1,129)			(15,416)			(12,927)			(2,045)			(14,972)
Write-downs and payoffs			(2,841)			(466)			(3,307)			(11,556)			(1,141)			(12,697)
Ending balance		$	383,636		$	12,998		$	396,634		$	398,061		$	23,975		$	422,036

Summary of expected amortization of capitalized MSRs recorded

The expected amortization of capitalized MSRs recorded at March 31, 2023 is as follows (in thousands):


Year		Amortization
2023 (nine months ending 12/31/2023)		$	46,546
2024			60,349
2025			56,515
2026			50,349
2027			45,525
Thereafter			137,350
Total		$	396,634