Loan Servicing

12 Months Ended

Dec. 31, 2023

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

Loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of loans serviced for others totaled approximately $1.479 billion and $1.532 billion at December 31, 2023 and 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 December 31, 2023 and 2022.


	December 31 2023		December 31 2022		December 31 2021
Mortgage servicing rights
Balances, January 1	$	18,619	$	17,780	$	17,644
Servicing rights capitalized	1,220		3,184		4,209
Amortization of servicing rights	(1,032)		(2,345)		(4,073)
Balances, December 31	18,807		18,619		17,780
Impairment allowance
Balances, January 1	—		(2,594)		(5,172)
Additions	—		—		—
Reductions	—		2,594		2,578
Balances, December 31	—		—		(2,594)
Mortgage servicing rights, net	$	18,807	$	18,619	$	15,186

Fair value, beginning of period	$	19,992	$	15,236	$	12,356
Fair value, end of period	$	19,891	$	19,992	$	15,236