MORTGAGE BANKING ACTIVITIES - Capitalized mortgage servicing rights (Details) $ in Thousands |
12 Months Ended |
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Dec. 31, 2020
USD ($)
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Servicing Asset at Fair Value, Amount [Roll Forward | |
Beginning Balance | $ 910 |
Additions due to loans sold with servicing retained | 3,448 |
Deletions and amortization | (656) |
Valuation Provision (temporary impairment) | (250) |
Ending Balance | $ 3,452 |
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- References No definition available.
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- Definition The value of new servicing assets, subsequently measured at fair value, acquired or created during the current period through purchases or from transfers of financial assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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- Definition Amount of increase in the valuation allowance for impairment of contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer from charges to expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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