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Mortgage Servicing Rights (Tables)
12 Months Ended
Dec. 31, 2024
Mortgage Servicing Right [Abstract]  
Fair Value of Mortgage Servicing Rights
The following tables summarize the activity in, and the main assumptions used to determine the fair value of mortgage servicing rights for the periods indicated:
(in thousands)Year ended December 31,
202420232022
Balance at beginning of period$6,606 $6,712 $5,874 
Additions500 400 537 
Change in fair value(480)(506)301 
Balance at end of period$6,626 $6,606 $6,712 
Contractually specified servicing fees, late fees and ancillary fees earned$1,739 $1,808 $1,887 
Balance of loans serviced at:
Beginning of period$714,801 $739,919 $770,299 
End of period$702,596 $714,801 $739,919 
Period end:
Weighted-average prepayment speed (CPR)109.0 %116.0 %127.0 %
Weighted-average expected life (years)8.07.87.6
Weighted-average discount rate12.0 %12.0 %12.0 %