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Servicing Assets (Tables)
12 Months Ended
Dec. 31, 2021
Transfers and Servicing [Abstract]  
Activity for Servicing Assets and Related Changes in Fair Value

Activity for servicing assets and the related changes in fair value for the years ended December 31, 2021, 2020 and 2019 is as follows:

 

 

 

2021

 

 

2020

 

 

2019

 

Beginning balance

 

$

22,042

 

 

$

19,471

 

 

$

19,693

 

Additions, net

 

 

8,360

 

 

 

7,522

 

 

 

6,417

 

Changes in fair value

 

 

(6,658

)

 

 

(4,951

)

 

 

(6,639

)

Ending balance

 

$

23,744

 

 

$

22,042

 

 

$

19,471

 

Unpaid Principal Balances of Loans Serviced for Others The unpaid principal balances of these loans serviced for others were as follows as December 31, 2021 and 2020:

 

 

 

2021

 

 

2020

 

Loan portfolios serviced for:

 

 

 

 

 

 

SBA guaranteed loans

 

$

1,510,375

 

 

$

1,395,713

 

USDA guaranteed loans

 

 

183,026

 

 

 

135,543

 

Total

 

$

1,693,401

 

 

$

1,531,256