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LOAN SERVICING
3 Months Ended
Mar. 31, 2022
LOAN SERVICING  
LOAN SERVICING

NOTE 5 – LOAN SERVICING

Mortgage loans serviced for others, which are not included in the accompanying consolidated balance sheets, amounted to $1.02 billion and $1.04 billion as of March 31, 2022 and December 31, 2021, respectively. Activity in mortgage servicing rights is as follows:

Three Months Ended March 31, 

    

2022

    

2021

(dollars in thousands)

Beginning balance

$

7,994

$

5,934

Capitalized servicing rights

171

397

Fair value adjustment:

Attributable to payments and principal reductions

(307)

(467)

Attributable to changes in valuation inputs and assumptions

1,865

1,765

Total fair value adjustment

1,558

1,298

Ending balance

$

9,723

$

7,629