Mortgage loans serviced for others are not reported on the Company's consolidated balance sheets. The following table presents mortgage loans serviced for others by investor, which totaled $1.17 billion and $1.18 billion as of March 31, 2025 and December 31, 2024, respectively.


(dollars in thousands)	March 31, 2025		December 31, 2024
Mortgage loan portfolio serviced for:
Federal National Mortgage Association	$	716,119	$	720,070
Federal Home Loan Mortgage Corporation	450,291		457,228
Federal Home Loan Bank	371		444
Total loans serviced for others	$	1,166,781	$	1,177,742

The following table presents changes in mortgage servicing rights ("MSR") for the periods presented:


(dollars in thousands)
Balance at December 31, 2024	$	8,473
Additions	137
Amortization	(192)
Balance at March 31, 2025	$	8,418

Balance at December 31, 2023	$	8,696
Additions	81
Amortization	(178)
Balance at March 31, 2024	$	8,599

The following table presents the fair market value and key assumptions used in determining the fair market value of MSR as of the dates presented:


(dollars in thousands)	March 31, 2025			December 31, 2024
Fair market value, beginning of year	$	12,387		$	12,185
Fair market value, end of period	12,079			12,387
Weighted average discount rate	9.5		%	9.5		%
Weighted average prepayment speed assumption	10.3			10.2

The Company performs an impairment assessment of its MSR whenever events or changes in circumstance indicate that the carrying value of the MSR may not be recoverable. The Company noted no impairment or triggering events related to its MSR as of March 31, 2025.