XML 44 R33.htm IDEA: XBRL DOCUMENT v3.20.2
MORTGAGE SERVICING RIGHTS (Tables)
 9 Months Ended
Sep. 30, 2020
OTHER INTANGIBLE ASSETS  
Schedule of gross carrying value and accumulated amortization related to intangible assets
The following table presents changes in mortgage servicing rights for the periods presented:
 
(dollars in thousands)Mortgage
Servicing
Rights
Balance, January 1, 2019$15,596 
Additions1,189 
Amortization(1,727)
Balance, September 30, 2019$15,058 
Balance, January 1, 2020$14,718 
Additions2,269 
Amortization(4,558)
Balance, September 30, 2020$12,429 
The gross carrying value and accumulated amortization related to our mortgage servicing rights are presented below:

 September 30, 2020December 31, 2019
(dollars in thousands)Gross
Carrying
Value		Accumulated
Amortization		Net
Carrying
Value		Gross
Carrying
Value		Accumulated
Amortization		Net
Carrying
Value
Mortgage servicing rights$69,864 $(57,435)$12,429 $67,595 $(52,877)$14,718 
Schedule of fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights
The following tables present the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights:

Nine Months EndedNine Months Ended
(dollars in thousands)September 30, 2020September 30, 2019
Fair market value, beginning of period$15,820 $17,696 
Fair market value, end of period12,694 15,965 
Schedule of estimated amortization expense
Based on the mortgage servicing rights held as of September 30, 2020, estimated amortization expense for the remainder of fiscal year 2020, the next five succeeding fiscal years and all years thereafter are as follows:

(dollars in thousands)
Year Ending December 31,
2020 (remainder)$957 
20213,375 
20222,682 
20232,181 
20241,801 
20251,433 
Thereafter— 
Total$12,429