Three Months Ended
September 30,

Nine Months Ended
September 30,

($ in thousands)

2025

2024

2025

2024

Balance at beginning of period

$

15,458

$

14,548

$

14,868

$

13,906

Mortgage servicing rights capitalized during the period

646

644

1,828

1,675

Mortgage servicing rights amortization during the period

(456

)

(370

)

(1,218

)

(978

)

Net change in valuation allowance

(301

)

(465

)

(131

)

(246

)

Balance at end of period

$

15,347

$

14,357

$

15,347

$

14,357

Valuation allowance:

Balance at beginning of period

$

16

$

8

$

186

$

227

Increase (decrease)

301

465

131

246

Balance at end of period

$

317

$

473

$

317

$

473

Fair value, beginning of period

$

19,108

$

18,807

$

17,782

$

17,125

Fair value, end of period

$

18,315

$

18,160

$

18,315

$

18,160