Repurchase Reserve Liability

3 Months Ended

Mar. 31, 2018

Repurchase Reserve Liability [Abstract]

(14)	Repurchase Reserve Liability

The Company’s repurchase reserve liability for estimated losses incurred on sold loans was $160,000 at both March 31, 2018 and December 31, 2017. 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 March 31, 2018, the Company was servicing 2,743 loans sold to the secondary market with a balance of approximately $283.1 million compared to 2,773 loans sold with a balance of approximately $285.8 million at December 31, 2017.

	Three Months Ended March 31,
(in thousands)	2018		2017
Balance at beginning of year	$	160	$	160
Provision for repurchase liability		0		0
Reimbursement of expenses		0		0
Balance at end of year	$	160	$	160