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MORTGAGE SERVICING RIGHTS (Tables)
3 Months Ended
Mar. 31, 2024
MORTGAGE SERVICING RIGHTS  
Schedule of analysis of activity in the MSR asset

Following is an analysis of activity in the MSR asset:

    

Three Months Ended

    

Year Ended

March 31, 2024

December 31, 2023

Fair value at beginning of period

$

13,668

$

9,582

Servicing asset additions

 

189

 

879

Loan payments and payoffs

 

(363)

 

(1,624)

Changes in valuation inputs and assumptions used in the valuation model

 

(138)

 

1,140

Amount recognized through earnings

(312)

395

MSR asset acquired

 

 

3,691

Fair value at end of period

$

13,356

$

13,668

Unpaid principal balance of loans serviced for others

$

1,170,466

$

1,175,709

Mortgage servicing rights as a percent of loans serviced for others

 

1.14

 

1.16