Loan Servicing

6 Months Ended

Jun. 30, 2025

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 $1.41 billion and $1.44 billion at June 30, 2025 and December 31, 2024.

Activity for mortgage servicing rights and the related impairment allowance were as follows:


	Three Months Ended				Six Months Ended
	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Mortgage servicing rights
Balances, January 1	$	17,933	$	18,538	$	18,195	$	18,807
Servicing rights capitalized	337		359		582		567
Amortization of servicing rights	(518)		(465)		(1,025)		(942)
Ending balance	17,752		18,432		17,752		18,432
Impairment allowance
Beginning balance	—		—		—		—
Additions	—		—		—		—
Reductions	—		—		—		—
Ending balance	—		—		—		—
Mortgage servicing rights, net	$	17,752	$	18,432	$	17,752	$	18,432

Fair value, beginning of period	$	18,811	$	19,149	19,766		19,891
Fair value, end of period	18,251		19,091		18,251		19,091

Fair value at June 30, 2025 was determined using a discounted cash flow analysis with the discount rates ranging from 8.5% to 11.0% and prepayment speeds ranging from 5.8% to 12.5%, depending on the stratification of the specific type. Fair value at June 30, 2024 was determined using a discounted cash flow analysis with a discount rate of 11.0% and prepayment speeds ranging from 6.0% to 12.0%, depending on the stratification of the specific type.