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Repurchase Reserve Liability
 6 Months Ended
Jun. 30, 2017
Repurchase Reserve Liability [Abstract]  
Repurchase Reserve Liability
(14)Repurchase Reserve Liability

 

The Company’s repurchase reserve liability for estimated losses incurred on sold loans was $160,000 at both June 30, 2017 and December 31, 2016. This liability represents management’s estimate of the potential repurchase or make-whole liability for residential mortgage loans originated for sale that may arise from representation and warranty claims that could relate to a variety of issues, including but not limited to, misrepresentation of facts, appraisal issues, or program requirements that may not meet investor guidelines. At June 30, 2017, the Company was servicing 2,810 loans sold to the secondary market with a balance of approximately $289.8 million compared to 2,877 loans sold with a balance of approximately $294.4 million at December 31, 2016.

  

  Three Months Ended June 30,  Six Months Ended June 30, 
(in thousands) 2017  2016  2017  2016 
Balance at beginning of year $160  $160  $160  $160 
Provision for repurchase liability  0   2   0   2 
Reimbursement of expenses  0   (2)  0   (2)
Balance at end of year $160  $160  $160  $160