Servicing Assets

3 Months Ended

Mar. 31, 2019

Servicing Asset [Abstract]

Servicing Assets

Note 7. Servicing Assets

Activity for loan servicing assets during the three months ended March 31, 2019 and 2018 is as follows:

	Three Months Ended March 31,
		2019			2018
	(Dollars in thousands)
Beginning balance	$	6,987		$	6,771
Additions		462			378
Amortized to expense		(403	)		(424	)
Ending balance	$	7,046		$	6,725

There was no valuation allowance recorded against the carrying value of the servicing assets as of March 31, 2019 or 2018.

The fair value of the servicing assets was $8.5 million at March 31, 2019, which was determined using discount rates ranging from 1.75% to 10.38% and prepayment speeds ranging from 12.1% to 12.8%, depending on the stratification of the specific assets.

The fair value of the servicing assets was $8.3 million at March 31, 2018, which was determined using discount rates ranging from 4.15% to 10.40% and prepayment speeds ranging from 11.1% to 11.8%, depending on the stratification of the specific assets.