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Mortgage Banking (Tables)
9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
Mortgage banking revenue
2024202320242023
Origination$151 $124 $421 $384 
Gain on sale of loans held for sale1,535 757 3,836 2,380 
Originations of MSRs— 225 — 656 
Servicing915 738 2,840 
Total gross mortgage revenue1,689 2,021 4,995 6,260 
MSR valuation adjustments, net— (122)450 (485)
Gain on sale of MSR — — 410 — 
Mortgage HFS and pipeline fair value adjustment(536)(110)53 (27)
MSR hedge impact— (897)(479)(1,673)
Mortgage banking revenue$1,153 $892 $5,429 $4,075 
Schedule of Activity in Mortgages Servicing Rights (MSRs)
Activity in MSRs was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(Dollars in thousands)2024202320242023
Balance at beginning of period$— $19,086 $15,637 $20,824 
Addition of servicing rights— 225 — 656 
Settlement of sale of MSR— — (16,087)(1,806)
Valuation adjustment, net of amortization— (122)450 (485)
Balance at end of period$— $19,189 $— $19,189