XML 48 R18.htm IDEA: XBRL DOCUMENT
v3.22.4

OTHER ASSETS | 12 Months Ended
--- | ---
Dec. 31, 2022
Other Assets [Abstract] |
OTHER ASSETS | OTHER ASSETS Year-end other assets are summarized as follows:
(In thousands) |  | 2022 |  | 2021
Capitalized servicing rights |  | $ | 13,047 |  |  | $ | 16,022 |
Accrued interest receivable |  | 46,868 |  |  | 33,534 |
Accrued federal and state tax receivable |  | 34,386 |  |  | 30,614 |
Right-of-use assets |  | 46,411 |  |  | 52,180 |
Derivative assets |  | 54,241 |  |  | 79,528 |
Deferred tax asset |  | 118,331 |  |  | 52,620 |
Other |  | 35,651 |  |  | 23,886 |
Total other assets |  | $ | 348,935 |  |  | $ | 288,384 |
The Bank sells loans in the secondary market and retains the right to service many of these loans. The Bank earns fees for the servicing provided. At years end 2022 and 2021, loans sold and serviced for others amounted to $1.5 billion and $1.6 billion, respectively. For year ended 2020, loans sold and serviced for others from continuing operations amounted to $1.5 billion. For year ended 2020, loans sold and serviced for others from discontinued operations amounted to $0.6 billion. Loans serviced for others are not included in the accompanying Consolidated Balance Sheets. The risks inherent in servicing assets relate primarily to changes in prepayments that result from shifts in interest rates. For the years 2022 and 2021, contractually specified servicing fees were $5.5 million and $8.0 million, respectively, and are included as a component of loan related fees within non-interest income. For the year 2020, contractually specified servicing fees from continuing operations were $5.5 million and are included as a component of loan related fees within non-interest income on the Consolidated Statements of Operations. For the year 2020, contractually specified servicing fees from discontinued operations were $2.1 million and are included as a component of other income in Note 2 - Discontinued Operations. Refer to Note 20 - Fair Value Measurements for significant assumptions and inputs used in the valuation at year-end 2022. Servicing rights activity was as follows:
(In thousands) |  | 2022 |  | 2021 |  | 2020
Balance at beginning of year |  | $ | 16,022 |  |  | $ | 16,348 |  |  | $ | 26,451 |
Additions |  | 3,119 |  |  | 4,568 |  |  | 3,875 |
Amortization |  | (4,590) |  |  | (4,921) |  |  | (3,761) |
Payoffs |  | (958) |  |  | — |  |  | — |
Allowance adjustment |  | (546) |  |  | 27 |  |  | (10,217) |
Balance at end of year |  | $ | 13,047 |  |  | $ | 16,022 |  |  | $ | 16,348 |
(1)As of December 31, 2022 and December 31, 2021, the servicing rights included in the total balance accounted for at fair value were $1.8 million and $2.0 million, respectively. At December 31, 2022, the fair value of servicing rights was $16.7 million. At December 31, 2021, the fair value of servicing rights was $16.6 million.

X
- References No definition available. + Details
Name: | us-gaap_OtherAssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration