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Mortgage Banking (Tables)
3 Months Ended
Mar. 31, 2024
Mortgage Banking [Abstract]  
Schedule of Mortgage Banking Operations
The following table presents the Company’s revenue from mortgage banking operations:
(Dollars in thousands)Three Months Ended March 31,
Mortgage banking revenue
20242023
Origination$108 $111 
Gain on sale of loans held for sale964 609 
Originations of MSRs— 149 
Servicing654 989 
Total gross mortgage revenue1,726 1,858 
MSR valuation adjustments, net450 (906)
Gain on sale of MSR 410 — 
Mortgage HFS and pipeline fair value adjustment291 440 
MSR hedge impact(479)389 
Mortgage banking revenue$2,398 $1,781 
Schedule of Activity in Mortgages Servicing Rights (MSRs)
Activity in MSRs was as follows:
Three Months Ended March 31,
(Dollars in thousands)20242023
Balance at beginning of period$15,637 $20,824 
Addition of servicing rights— 149 
Settlement of sale of MSR(16,087)(1,806)
Valuation adjustment, net of amortization450 (906)
Balance at end of period$— $18,261