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Loan Servicing (Tables) | 12 Months Ended
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Dec. 31, 2023
Loan Servicing |
Summary of activity related to loan servicing | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year ended
​ | ​ | December 31,
(dollars in thousands) |  | 2023 |  | 2022 |  | 2021
Servicing Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at beginning of year | ​ | $ | 2,643 | ​ | $ | 1,880 | ​ | $ | 1,987
Additions (1) | ​ |  | 300 | ​ |  | 1,538 | ​ | ​ | 1,553
Amortization (2) | ​ |  | (595) | ​ |  | (524) | ​ | ​ | (745)
Balance at end of year | ​ | ​ | 2,348 | ​ | ​ | 2,894 | ​ | ​ | 2,795
Less valuation reserve (3) | ​ |  | (296) | ​ |  | (251) | ​ | ​ | (915)
Balance at end of year, net of valuation reserve | ​ | $ | 2,052 | ​ | $ | 2,643 | ​ | $ | 1,880
Fair value, beginning of year | ​ | $ | 2,314 | ​ | $ | 1,892 | ​ | $ | 2,137
Fair value, end of year | ​ | $ | 2,062 | ​ | $ | 2,314 | ​ | $ | 1,892
(1) | Associated income was reported within mortgage banking income, net on the consolidated statements of income.
(2) | Associated amortization expense was reported within other noninterest income on the consolidated statements of income.
(3) | Associated valuation reserve was reported within mortgage and lending expenses on the consolidated statements of income.
Summary of key economic assumptions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31, |
(dollars in thousands) | ​ | 2023 | ​ | 2022 | ​
Fair value of servicing rights | ​ | $ | 2,052 | ​ | $ | 2,643 | ​
Weighted-average remaining term, years | ​ |  | 18.8 | ​ |  | 20.5 | ​
Prepayment speeds | ​ |  | 6.2 | % |  | 6.9 | %
Discount rate | ​ |  | 11.1 | % |  | 10.5 | %
​

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- Definition Tabular disclosure of all information related to the key inputs and assumptions (including, at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses) used in measuring the fair value of assets or liabilities that relate to the transferor's continuing involvement with transferred financial assets, as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 860 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481326/860-20-50-4 + Details
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- Definition Tabular disclosure of activity in the balance of servicing assets subsequently measured at amortized cost. Includes, but is not limited to, beginning and ending balances, additions, disposals, and amortization. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481229/860-50-50-4 + Details
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- References No definition available. + Details
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