Mortgage Servicing Rights

12 Months Ended

Dec. 31, 2022

Transfers and Servicing [Abstract]

Mortgage Servicing Rights

MORTGAGE SERVICING RIGHTS 

The following table presents MSR activity and net carrying values for the periods indicated.

	Servicing Rights		Valuation Allowance		Net Carrying Value
(Dollars in Thousands)
December 31, 2020	$	1,029	$	(373)	$	656
Additions	100		—		100
Amortization	(300)		—		(300)
Valuation Allowance Adjustment	—		274		274
December 31, 2021	$	829	$	(99)	$	730
Additions	—		—		—
Amortization	(196)		—		(196)
Valuation Allowance Adjustment	—		99		99
December 31, 2022	$	633	$	—	$	633

Amortization of MSRs and the period change in the valuation allowance are reported in Other Income on the Consolidated Statements of Income.

Real estate loans serviced for others, which are not included in the Consolidated Statements of Financial Condition, totaled $83.4 million and $96.6 million at December 31, 2022 and 2021, respectively.