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Servicing Assets (Tables)
12 Months Ended
Dec. 31, 2024
Transfers and Servicing [Abstract]  
Activity for Servicing Assets and Related Changes in Fair Value

Activity for servicing assets and the related changes in fair value for the years ended December 31, 2024, 2023, and 2022 is as follows:

 

 

2024

 

 

2023

 

 

2022

 

Beginning balance

 

$

19,844

 

 

$

19,172

 

 

$

23,744

 

Additions, net

 

 

5,812

 

 

 

5,761

 

 

 

7,171

 

Changes in fair value

 

 

(6,704

)

 

 

(5,089

)

 

 

(11,743

)

Ending balance

 

$

18,952

 

 

$

19,844

 

 

$

19,172

 

Unpaid Principal Balances of Loans Serviced for Others

Loans serviced for others are not included in the Consolidated Statements of Financial Condition. The unpaid principal balances of these loans serviced for others were as follows as of December 31, 2024 and 2023:

 

 

2024

 

 

2023

 

Loan portfolios serviced for:

 

 

 

 

 

 

SBA guaranteed loans

 

$

1,522,389

 

 

$

1,530,401

 

USDA guaranteed loans

 

 

190,503

 

 

 

197,942

 

Total

 

$

1,712,892

 

 

$

1,728,343