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Mortgage Banking (Tables)

12 Months Ended

Dec. 31, 2023

Mortgage Banking [Abstract]

Schedule of Mortgage Banking Operations

The following table presents the Company’s revenue from mortgage banking operations:

(Dollars in thousands)												Years Ended December 31,
Mortgage banking revenue																																	2023						2022						2021
Origination																																	$	483					$	774					$	1,379
Gain on sale of loans held for sale																																	3,111						4,889						11,862
Originations of MSRs																																	708						2,286						5,153
Servicing																																	3,739						5,643						5,990
Total gross mortgage revenue																																	8,041						13,592						24,384
MSR valuation adjustments, net (1)(2)																																	(4,089)						1,219						(2,593)
Mortgage HFS and pipeline fair value adjustment																																	(53)						(1,352)						(6,897)
MSR hedge impact																																	(543)						(6,737)						(1,967)
Mortgage banking revenue																																	$	3,356					$	6,722					$	12,927

____________________________

(1)The Company recorded a $1.8 million impairment on the MSR portfolio during the year ended December 31, 2023 in conjunction with the planned sale of the mortgage servicing right asset.

(2)The Company recorded a $2.0 million impairment on the held for sale GNMA MSR portfolio during the year ended December 31, 2022.

Schedule of Activity in Mortgages Servicing Rights (MSRs)

Activity in MSRs was as follows:

															Years Ended December 31,
(Dollars in thousands)																					2023						2022																					2021
Balance at beginning of period																					$	20,824					$	16,220																				$	13,660
Servicing acquired in BTH merger																					—						1,099																					—
Addition of servicing rights																					708						2,286																					5,153
Settlement of sale of GNMA MSR																					(1,806)						—																					—
Valuation adjustment, net of amortization																					(4,089)						1,219																					(2,593)
Balance at end of period																					$	15,637					$	20,824																				$	16,220

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- Definition

Mortgage Banking Operations [Table Text Block]

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- Definition

Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481229/860-50-50-3

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