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Servicing (Tables)
12 Months Ended
Dec. 31, 2023
Transfers and Servicing [Abstract]  
Summary of Mortgage Servicing Rights Capitalized and Amortized

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

 

 

 

(In Thousands)

 

 

 

2023

 

 

2022

 

Beginning of Year

 

$

3,549

 

 

$

3,571

 

Capitalized Additions

 

 

2,710

 

 

 

537

 

Amortization

 

 

(604

)

 

 

(559

)

Ending Balance, December 31

 

 

5,655

 

 

 

3,549

 

Valuation Allowance

 

 

(7

)

 

 

-

 

Servicing Rights net, December 31

 

$

5,648

 

 

$

3,549