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LOAN SERVICING
 9 Months Ended
Sep. 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 $1,085,957,000 and $1,152,535,000 as of September 30, 2020 and December 31, 2019, respectively. Activity in mortgage servicing rights is as follows for the three and nine months ended September 30, 2020 and 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 

 

Nine Months Ended September 30, 

 

    

2020

    

2019

    

2020

    

2019

 

 

(dollars in thousands)

Beginning balance

 

$

5,839

 

$

8,796

 

$

8,518

 

$

10,918

Capitalized servicing rights

 

 

658

 

 

344

 

 

1,432

 

 

720

Fair value adjustment:

 

 

 

 

 

 

 

 

 

 

 

 

Attributable to payments and principal reductions

 

 

(650)

 

 

(483)

 

 

(1,844)

 

 

(1,227)

Attributable to changes in valuation inputs and assumptions

 

 

(276)

 

 

(721)

 

 

(2,535)

 

 

(2,475)

Total fair value adjustment

 

 

(926)

 

 

(1,204)

 

 

(4,379)

 

 

(3,702)

Ending balance

 

$

5,571

 

$

7,936

 

$

5,571

 

$

7,936