Three Months Ended
September 30,

Nine Months Ended
September 30,

($ in thousands)

2023

2022

2023

2022

Balance at beginning of period

$

13,723

$

13,408

$

13,503

$

12,034

Mortgage servicing rights capitalized during the period

582

396

1,388

1,684

Mortgage servicing rights amortization during the period

(334

)

(396

)

(960

)

(1,439

)

Net change in valuation allowance

(78

)

65

(38

)

1,194

Balance at end of period

$

13,893

$

13,473

$

13,893

$

13,473

Valuation allowance:

Balance at beginning of period

$

137

$

327

$

177

$

1,456

Increase (decrease)

78

(65

)

38

(1,194

)

Balance at end of period

$

215

$

262

$

215

$

262

Fair value, beginning of period

$

16,645

$

15,135

$

15,754

$

12,629

Fair value, end of period

$

16,161

$

15,460

$

16,161

$

15,460