Three Months Ended

June 30,

Six Months Ended

June 30,

($ in thousands)

2022

2021

2022

2021

Balance at beginning of period

$

13,135

$

10,490

$

12,034

$

7,759

Mortgage servicing rights capitalized during the period

530

1,235

1,288

2,447

Mortgage servicing rights amortization during the period

(496

)

(948

)

(1,043

)

(2,135

)

Net change in valuation allowance

239

(99

)

1,129

2,607

Balance at end of period

$

13,408

$

10,678

$

13,408

$

10,678

Valuation allowance:

Balance at beginning of period

$

566

$

2,186

$

1,456

$

4,892

Increase (decrease)

(239

)

99

(1,129

)

(2,607

)

Balance at end of period

$

327

$

2,285

$

327

$

2,285

Fair value, beginning of period

$

14,433

$

11,160

$

12,629

$

7,759

Fair value, end of period

$

15,135

$

11,067

$

15,135

$

11,067