($ in thousands)

Three Months Ended
June 30,

Six Months Ended
June 30,

2024

2023

2024

2023

Balance at beginning of period

$

14,191

$

13,548

$

13,906

$

13,503

Mortgage servicing rights capitalized during the period

654

525

1,031

805

Mortgage servicing rights amortization during the period

(335

)

(334

)

(608

)

(625

)

Net change in valuation allowance

38

(16

)

219

40

Balance at end of period

$

14,548

$

13,723

$

14,548

$

13,723

Valuation allowance:

Balance at beginning of period

$

46

$

121

$

227

$

177

Increase (decrease)

(38

)

16

(219

)

(40

)

Balance at end of period

$

8

$

137

$

8

$

137

Fair value, beginning of period

$

18,141

$

16,911

$

17,125

$

15,754

Fair value, end of period

$

18,807

$

16,645

$

18,807

$

16,645