Loan Servicing

9 Months Ended

Sep. 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 $1.486 billion and $1.532 billion at September 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 September 30, 2023 and December 31, 2022.


	Three Months Ended				Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2023		2022		2023		2022
Mortgage servicing rights
Balance, beginning of period	$	18,507	$	18,761	$	18,619	$	17,780
Servicing rights capitalized	428		567		863		2,942
Amortization of servicing rights	(285)		(624)		(832)		(2,018)
Balance, end of period	18,650		18,704		18,650		18,704
Impairment allowance
Balance, beginning of period	—		—		—		(2,594)
Additions	—		—		—		—
Reductions	—		—		—		2,594
Balance, end of period	—		—		—		—
Mortgage servicing rights, net	$	18,650	$	18,704	$	18,650	$	18,704

Fair value, beginning of period	$	19,659	$	18,761	$	18,619	$	15,186
Fair value, end of period	19,571		18,704		19,571		18,704