XML 30 R15.htm IDEA: XBRL DOCUMENT v3.22.0.1
LOAN SERVICING
12 Months Ended
Dec. 31, 2021
LOAN SERVICING  
LOAN SERVICING

NOTE 6 – LOAN SERVICING

Mortgage loans serviced for others, not included in the accompanying consolidated balance sheets, amounted to $1,040,809,000 and $1,090,219,000 as of December 31, 2021 and 2020, respectively. Activity in mortgage servicing rights is as follows for years ended December 31:

Year Ended December 31, 

2021

    

2020

    

2019

(dollars in thousands)

Beginning balance

$

5,934

$

8,518

$

10,918

Acquired

370

Capitalized servicing rights

1,200

1,981

1,018

Fair value adjustment:

Attributable to payments and principal reductions

(1,788)

(2,364)

(1,614)

Attributable to changes in valuation inputs and assumptions

2,278

(2,201)

(1,804)

Total fair value adjustment

490

(4,565)

(3,418)

Ending balance

$

7,994

$

5,934

$

8,518