Loan Servicing

6 Months Ended

Jun. 30, 2023

Payments for (Proceeds from) Mortgage Servicing Rights [Abstract]

Loan ServicingLoans serviced for others are not included in the accompanying condensed consolidated balance sheets. The unpaid principal balances of loans serviced for others totaled approximately $1.491 billion and $1.532 billion at June 30, 2023 and December 31, 2022.

Comparable market values and a valuation model that calculates the present value of future cash flows were used to estimate fair value. For purposes of measuring impairment, risk characteristics including product type, investor type and interest rates were used to stratify the originated mortgage servicing rights. Mortgage servicing rights are included in other assets on the balance sheets as of June 30, 2023 and December 31, 2022.


	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
	2023		2022		2023		2022
Mortgage servicing rights
Balance, beginning of period	$	18,600	$	18,592	$	18,619	$	17,780
Servicing rights capitalized	207		813		435		2,375
Amortization of servicing rights	(300)		(644)		(547)		(1,394)
Balance, end of period	18,507		18,761		18,507		18,761
Impairment allowance
Balance, beginning of period	—		—		—		(2,594)
Additions	—		—		—		—
Reductions	—		—		—		2,594
Balance, end of period	—		—		—		—
Mortgage servicing rights, net	$	18,507	$	18,761	$	18,507	$	18,761

Fair value, beginning of period	$	18,600	$	18,592	$	18,619	$	15,186
Fair value, end of period	18,507		18,761		18,507		18,761