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LOAN SERVICING
 6 Months Ended
Jun. 30, 2020
LOAN SERVICING  
LOAN SERVICING

NOTE 4 – LOAN SERVICING

Mortgage loans serviced for others, which are not included in the accompanying consolidated balance sheets, amounted to $1,085,926,000 and $1,152,535,000 as of June 30, 2020 and December 31, 2019, respectively. Activity in mortgage servicing rights is as follows for the three months ended June 30, 2020 and 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 

 

Six Months Ended June 30, 

 

    

2020

    

2019

    

2020

    

2019

 

 

(dollars in thousands)

Beginning balance

 

$

6,347

 

$

9,916

 

$

8,518

 

$

10,918

Capitalized servicing rights

 

 

560

 

 

216

 

 

774

 

 

376

Fair value adjustment:

 

 

 

 

 

 

 

 

 

 

 

 

Attributable to payments and principal reductions

 

 

(791)

 

 

(438)

 

 

(1,194)

 

 

(744)

Attributable to changes in valuation inputs and assumptions

 

 

(277)

 

 

(898)

 

 

(2,259)

 

 

(1,754)

Total fair value adjustment

 

 

(1,068)

 

 

(1,336)

 

 

(3,453)

 

 

(2,498)

Ending balance

 

$

5,839

 

$

8,796

 

$

5,839

 

$

8,796