Loan Servicing

3 Months Ended

Mar. 31, 2024

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

Loans serviced for others are not included in the accompanying condensed consolidated balance sheets. The unpaid principal balances of loans serviced for others totaled approximately $1.460 billion and $1.479 billion at March 31, 2024 and December 31, 2023.

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 March 31, 2024 and December 31, 2023.


	Three Months Ended
		March 31,		March 31,
		2024		2023
Mortgage servicing rights
Balance, beginning of period		$	18,807	$	18,619
Servicing rights capitalized		207		228
Amortization of servicing rights		(476)		(247)
Balance, end of period		18,538		18,600
Impairment allowance
Balance, beginning of period		—		—
Additions		—		—
Reductions		—		—
Balance, end of period		—		—
Mortgage servicing rights, net		$	18,538	$	18,600

Fair value, beginning of period		$	19,891	$	19,992
Fair value, end of period		19,149		19,336