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Mortgage Servicing Rights, Net
 9 Months Ended
Sep. 30, 2022
Mortgage Servicing [Abstract]  
Transfers and Servicing of Financial Assets [Text Block]
NOTE 6:
 
MORTGAGE SERVICING
 
RIGHTS, NET
Mortgage servicing
 
rights (“MSRs”)
 
are recognized based
 
on the fair value
 
of the servicing
 
rights on
 
the date the
corresponding mortgage
 
loans are
 
sold.
 
An estimate of the
 
fair value
 
of the Company’s
 
MSRs is determined using
assumptions that
 
market participants
 
would use in
 
estimating future
 
net servicing income,
 
including
 
estimates of
prepayment speeds,
 
discount rates, default
 
rates, costs to service,
 
escrow
 
account earnings,
 
contractual servicing
 
fee
income, ancillary
 
income, and
 
late fees.
 
Subsequent
 
to the date
 
of transfer, the Company
 
has elected to measure its
 
MSRs
under the amortization
 
method.
 
Under
 
the amortization method,
 
MSRs
 
are amortized in
 
proportion to, and
 
over the period
of, estimated net
 
servicing income.
 
The Company
 
has recorded MSRs
 
related to loans
 
sold without
 
recourse to Fannie
 
Mae.
 
The Company
 
generally sells
conforming, fixed-rate, closed-end,
 
residential mortgages
 
to Fannie
 
Mae.
 
MSRs are included
 
in other assets on
 
the
accompanying
 
consolidated balance
 
sheets.
The Company
 
evaluates MSRs
 
for impairment
 
on a quarterly
 
basis.
 
Impairment is
 
determined by
 
stratifying MSRs
 
into
groupings based
 
on predominant
 
risk characteristics, such
 
as interest rate and
 
loan type.
 
If, by individual
 
stratum, the
carrying amount
 
of the MSRs
 
exceeds fair value,
 
a valuation allowance
 
is established. The
 
valuation allowance
 
is adjusted
as the fair value
 
changes.
 
Changes in the valuation
 
allowance
 
are recognized in
 
earnings as a component of mortgage
lending income.
 
The following
 
table details the
 
changes in amortized
 
MSRs
 
and the related valuation
 
allowance
 
for the respective periods.
Quarter ended
 
September
 
30,
Nine months
 
ended September
 
30,
 
(Dollars
 
in thousands)
2022
2021
2022
2021
MSRs, net:
Beginning balance
$
1,259
$
1,360
$
1,309
$
1,330
Additions, net
13
93
110
407
Amortization
 
expense
(64)
(127)
(211)
(411)
Ending balance
$
1,208
$
1,326
$
1,208
$
1,326
Valuation allowance included in MSRs,
 
net:
Beginning of period
$
—
$
—
$
—
$
—
End of period
—
—
—
—
Fair value of
 
amortized MSRs:
Beginning of period
$
2,547
$
1,833
$
1,908
$
1,489
End of period
2,478
1,776
2,478
1,776