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Mortgage Banking (Tables)
6 Months Ended
Jun. 30, 2022
Mortgage Banking [Abstract]  
Mortgage Banking Operations
The following table presents the Company's revenue from mortgage banking operations:
(Dollars in thousands)Three Months Ended June 30,Six Months Ended June 30,
Mortgage banking revenue
2022202120222021
Origination$229 $375 $434 $751 
Gain on sale of loans held for sale2,118 3,033 3,841 8,029 
Originations of MSRs738 1,250 1,464 3,193 
Servicing1,434 1,537 2,860 3,038 
Total gross mortgage revenue4,519 6,195 8,599 15,011 
MSR valuation adjustments, net202 (2,721)4,443 (772)
Mortgage HFS and pipeline fair value adjustment(887)(1,998)(561)(5,155)
MSR hedge impact(1,480)1,289 (6,031)(1,742)
Mortgage banking revenue$2,354 $2,765 $6,450 $7,342 
Schedule of Activity in Mortgages Servicing Rights (MSRs)
Activity in MSRs was as follows:
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in thousands)2022202120222021
Balance at beginning of period$21,187 $17,552 $16,220 $13,660 
Addition of servicing rights738 1,250 1,464 3,193 
Valuation adjustment, net of amortization202 (2,721)4,443 (772)
Balance at end of period$22,127 $16,081 $22,127 $16,081