v3.24.1.u1

Servicing Assets (Tables)

3 Months Ended

Mar. 31, 2024

Transfers and Servicing [Abstract]

Schedule of Servicing Assets with Key Assumptions Used to Estimate Fair Value

The following table presents the composition of servicing assets with key assumptions used to estimate the fair value as of the dates indicated:

						March 31, 2024																								December 31, 2023
($ in thousands)						Residential Mortgage						CRE SBA						C&I SBA						Total						Residential Mortgage						CRE SBA						C&I SBA						Total
Carrying amount						$	47					$	5,985					$	512					$	6,544					$	49					$	6,135					$	482					$	6,666
Fair value						$	111					$	7,674					$	772					$	8,557					$	104					$	8,284					$	728					$	9,116
Discount rate						7.85		%				12.14		%				15.85		%										9.93		%				12.30		%				15.46		%
Prepayment speed						12.14		%				19.08		%				14.05		%										12.75		%				16.71		%				13.97		%
Weighted-average remaining life						19.5 years						20.9 years						7.3 years												19.8 years						21.0 years						7.1 years
Underlying loans being serviced						$	10,364					$	465,756					$	63,919					$	540,039					$	10,666					$	461,300					$	60,265					$	532,231

Schedule of Servicing Asset

The following tables present activity in servicing assets for the periods indicated:

						Three Months Ended March 31,
						2024																								2023
($ in thousands)						Residential Mortgage						CRE SBA						C&I SBA						Total						Residential Mortgage						CRE SBA						C&I SBA						Total
Balance at beginning of period						$	49					$	6,135					$	482					$	6,666					$	64					$	6,831					$	452					$	7,347
Additions						—						177						75						252						—						376						45						421
Amortization						(2)						(327)						(45)						(374)						(7)						(365)						(51)						(423)
Balance at end of period						$	47					$	5,985					$	512					$	6,544					$	57					$	6,842					$	446					$	7,345

X

- 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

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Period Type:	duration

X

- Definition

Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481229/860-50-50-3

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TransfersAndServicingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration