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LOAN SERVICING
 12 Months Ended
Dec. 31, 2020
LOAN SERVICING  
LOAN SERVICING

NOTE 5 – LOAN SERVICING

Mortgage loans serviced for others, not included in the accompanying consolidated balance sheets, amounted to $1,090,219,000 and $1,152,535,000 as of December 31, 2020 and 2019, respectively. Activity in mortgage servicing rights is as follows for years ended December 31:

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

2020

    

2019

    

2018

 

 

(dollars in thousands)

Beginning balance

 

$

8,518

 

$

10,918

 

$

10,289

Capitalized servicing rights

 

 

1,981

 

 

1,018

 

 

885

Fair value adjustment:

 

 

 

 

 

 

 

 

 

Attributable to payments and principal reductions

 

 

(2,364)

 

 

(1,614)

 

 

(1,350)

Attributable to changes in valuation inputs and assumptions

 

 

(2,201)

 

 

(1,804)

 

 

1,094

Total fair value adjustment

 

 

(4,565)

 

 

(3,418)

 

 

(256)

Ending balance

 

$

5,934

 

$

8,518

 

$

10,918