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Servicing Assets
 12 Months Ended
Dec. 31, 2025
Transfers and Servicing [Abstract]  
Servicing Assets Servicing Assets
The Company sells SBA and certain residential mortgage loans with servicing retained. SBA loans are included in commercial real estate loans and
commercial and industrial loans. The Company sold loans of $85.8 million, $71.1 million and $82.3 million, respectively, with the servicing rights retained and recognized a net gain on sale of $4.6 million, $3.8 million and $3.6 million, respectively, during the years ended December 31, 2025, 2024 and 2023. Loan servicing income was $2.9 million, $3.4 million and $3.3 million for the years ended December 31, 2025, 2024 and 2023, respectively.
The following table presents the composition of servicing assets with key assumptions used to estimate the fair value as of the dates indicated:
December 31,
20252024
($ in thousands)
Residential Mortgage
CRE SBA
C&I SBA
Total
Residential Mortgage
CRE SBA
C&I SBA
Total
Carrying amount
$34 $4,900 $693 $5,627 $42 $5,226 $569 $5,837 
Fair value
$80 $8,906 $1,101 $10,087 $84 $7,750 $894 $8,728 
Discount rates
7.85 %12.75 %12.75 %7.85 %12.14 %15.85 %
Prepayment speeds
12.52 %16.67 %16.17 %13.93 %17.82 %13.02 %
Weighted average remaining life
17.7 years19.9 years7.4 years23.8 years20.7 years7.4 years
Underlying loans being serviced
$7,550 $425,876 $68,982 $502,408 $9,072 $445,601 $70,909 $525,582 
The Company maintained custodial escrow accounts of $144 thousand and $1.8 million, respectively, at December 31, 2025 and 2024 for the above sold loans being serviced.
The following table presents activity in servicing assets for the periods indicated:
($ in thousands)
Residential Mortgage
CRE SBA
C&I SBA
Total
Balance at January 1, 2023$64 $6,831 $452 $7,347 
Additions
— 983 219 1,202 
Amortization
(15)(1,679)(189)(1,883)
Balance at December 31, 202349 6,135 482 6,666 
Additions
— 648 287 935 
Amortization
(7)(1,557)(200)(1,764)
Balance at December 31, 202442 5,226 569 5,837 
Additions
— 1,425 445 1,870 
Amortization
(8)(1,751)(321)(2,080)
Balance at December 31, 2025$34 $4,900 $693 $5,627