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LOAN SERVICING
12 Months Ended
Dec. 31, 2022
LOAN SERVICING  
LOAN SERVICING

NOTE 5 – LOAN SERVICING

Mortgage loans serviced for others, not included in the accompanying consolidated balance sheets, amounted to $955.8 million and $1.04 billion as of December 31, 2022 and 2021, respectively. Activity in mortgage servicing rights is as follows for years ended December 31:

Year Ended December 31, 

2022

    

2021

    

2020

(dollars in thousands)

Beginning balance

$

7,994

$

5,934

$

8,518

Acquired

370

Capitalized servicing rights

530

1,200

1,981

Fair value adjustment:

Attributable to payments and principal reductions

(1,343)

(1,788)

(2,364)

Attributable to changes in valuation inputs and assumptions

2,966

2,278

(2,201)

Total fair value adjustment

1,623

490

(4,565)

Ending balance

$

10,147

$

7,994

$

5,934