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Capitalized Mortgage Servicing Rights (Tables) | 6 Months Ended
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Jun. 30, 2023
Transfers and Servicing [Abstract] |
Summary of Capitalized MSR Activity | A summary of our capitalized MSR activity is as follows (in thousands):
| Three Months Ended June 30, 2023 |  | Six Months Ended June 30, 2023
| Originated |  | Acquired |  | Total |  | Originated |  | Acquired |  | Total
Beginning balance | $ | 383,636 |  |  | $ | 12,998 |  |  | $ | 396,634 |  |  | $ | 386,878 |  |  | $ | 14,593 |  |  | $ | 401,471 |
Additions | 18,980 |  |  | — |  |  | 18,980 |  |  | 32,866 |  |  | — |  |  | 32,866 |
Amortization | (14,592) |  |  | (1,013) |  |  | (15,605) |  |  | (28,878) |  |  | (2,142) |  |  | (31,020) |
Write-downs and payoffs | (4,757) |  |  | (842) |  |  | (5,599) |  |  | (7,599) |  |  | (1,308) |  |  | (8,907) |
Ending balance | $ | 383,267 |  |  | $ | 11,143 |  |  | $ | 394,410 |  |  | $ | 383,267 |  |  | $ | 11,143 |  |  | $ | 394,410 |
| Three Months Ended June 30, 2022 |  | Six Months Ended June 30, 2022
Beginning balance | $ | 398,061 |  |  | $ | 23,975 |  |  | $ | 422,036 |  |  | $ | 395,573 |  |  | $ | 27,161 |  |  | $ | 422,734 |
Additions | 17,123 |  |  | — |  |  | 17,123 |  |  | 44,095 |  |  | — |  |  | 44,095 |
Amortization | (13,066) |  |  | (1,713) |  |  | (14,779) |  |  | (25,993) |  |  | (3,757) |  |  | (29,750) |
Write-downs and payoffs | (10,721) |  |  | (2,125) |  |  | (12,846) |  |  | (22,278) |  |  | (3,267) |  |  | (25,545) |
Ending balance | $ | 391,397 |  |  | $ | 20,137 |  |  | $ | 411,534 |  |  | $ | 391,397 |  |  | $ | 20,137 |  |  | $ | 411,534 |
Summary of Expected Amortization of Capitalized MSRs | The expected amortization of capitalized MSRs recorded at June 30, 2023 is as follows (in thousands):
Year |  | Amortization
2023 (six months ending 12/31/2023) |  | $ | 31,488 |
2024 |  | 61,975 |
2025 |  | 58,534 |
2026 |  | 52,448 |
2027 |  | 47,512 |
2028 |  | 41,645 |
Thereafter |  | 100,808 |
Total |  | $ | 394,410 |

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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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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
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- References No definition available. + Details
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