Loan Servicing

6 Months Ended

Jun. 30, 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 $1.451 billion and $1.479 billion at June 30, 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 June 30, 2024 and December 31, 2023.


	Three Months Ended			Six Months Ended
		June 30,		June 30,		June 30,		June 30,
		2024		2023		2024		2023
Mortgage servicing rights
Balance, beginning of period		$	18,538	$	18,600	$	18,807	$	18,619
Servicing rights capitalized		359		207		567		435
Amortization of servicing rights		(465)		(300)		(942)		(547)
Balance, end of period		18,432		18,507		18,432		18,507
Impairment allowance
Balance, beginning of period		—		—		—		—
Additions		—		—		—		—
Reductions		—		—		—		—
Balance, end of period		—		—		—		—
Mortgage servicing rights, net		$	18,432	$	18,507	$	18,432	$	18,507

Fair value, beginning of period		$	19,149	$	18,600	$	19,891	$	18,619
Fair value, end of period		19,091		18,507		19,091		18,507