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Servicing (Tables)
12 Months Ended
Dec. 31, 2022
Transfers and Servicing [Abstract]  
Summary of Mortgage Servicing Rights Capitalized and Amortized

The following summarizes mortgage servicing rights capitalized and amortized during each year:

 

 

 

(In Thousands)

 

 

 

2022

 

 

2021

 

Beginning of Year

 

$

3,571

 

 

$

3,320

 

Capitalized Additions

 

 

537

 

 

 

1,417

 

Amortization

 

 

(559

)

 

 

(1,166

)

Ending Balance, December 31

 

 

3,549

 

 

 

3,571

 

Valuation Allowance

 

 

-

 

 

 

(414

)

Mortgage Servicing Rights net, December 31

 

$

3,549

 

 

$

3,157