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Mortgage Banking (Tables)
6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
Mortgage banking revenue
2024202320242023
Origination$162 $149 $270 $260 
Gain on sale of loans held for sale1,337 1,014 2,301 1,623 
Originations of MSRs— 282 — 431 
Servicing81 936 735 1,925 
Total gross mortgage revenue1,580 2,381 3,306 4,239 
MSR valuation adjustments, net— 543 450 (363)
Gain on sale of MSR — — 410 — 
Mortgage HFS and pipeline fair value adjustment298 (357)589 83 
MSR hedge impact— (1,165)(479)(776)
Mortgage banking revenue$1,878 $1,402 $4,276 $3,183 
Schedule of Activity in Mortgages Servicing Rights (MSRs)
Activity in MSRs was as follows:
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in thousands)2024202320242023
Balance at beginning of period$— $18,261 $15,637 $20,824 
Addition of servicing rights— 282 — 431 
Settlement of sale of MSR— — (16,087)(1,806)
Valuation adjustment, net of amortization— 543 450 (363)
Balance at end of period$— $19,086 $— $19,086