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Loans Held for Sale and Loans Held for Sale at Fair Value (Tables)
9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Summary of Loans Held for Sale and at Fair Value

The following table summarizes loans held for sale as of September 30, 2022 and December 31, 2021 (in thousands):

 

 

September 30, 2022

 

 

 

Loans held for sale, net

 

 

Loans held for sale, at fair value

 

 

Total loans held for sale

 

Unpaid principal balance

 

$

 

 

$

16,119

 

 

$

16,119

 

Valuation adjustments on FVO loans held for sale

 

 

 

 

 

450

 

 

 

450

 

 Total loans held for sale and loans held for sale at
   fair value, net

 

$

 

 

$

16,569

 

 

$

16,569

 

 

 

 

December 31, 2021

 

 

 

Loans held for sale, net

 

 

Loans held for sale, at fair value

 

 

Total loans held for sale

 

Unpaid principal balance

 

$

87,422

 

 

$

 

 

$

87,422

 

Deferred loan origination costs

 

 

486

 

 

 

 

 

 

486

 

 Total loans held for sale, net

 

$

87,908

 

 

$

 

 

$

87,908