Loan Sales and Mortgage Servicing Rights |
3 Months Ended |
|---|---|
Mar. 31, 2018 | |
| Loan Sales And Mortgage Servicing Rights Disclosure [Abstract] | |
| Loan Sales and Mortgage Servicing Rights | NOTE 6: LOAN SALES AND MORTGAGE SERVICING RIGHTS In the first quarter of 2018, FFB recognized a gain of $0.5 million on the sale of $52 million of multifamily loans and recorded mortgage servicing rights of $0.3 million on the sale of those loans. In 2017, FFB sold $453 million of multifamily loans to financial institutions and recognized a gain of $7.0 million. For the sales of multifamily loans, FFB retained servicing rights for the majority of these loans and recognized mortgage servicing rights as part of the transactions. As of March 31, 2018 and December 31, 2017, mortgage servicing rights were $4.9 million and $4.8 million, respectively and the amount of loans serviced for others totaled $793 million and $745 million at March 31, 2018 and December 31, 2017, respectively. Servicing fees collected for the quarter ended March 31, 2018, and in 2017 were $0.2 million and $0.7 million, respectively.
|