Loan Servicing

3 Months Ended

Mar. 31, 2023

Payments for (Proceeds from) Mortgage Servicing Rights [Abstract]

Loan Servicing

Loan Servicing

Loans serviced for others are not included in the accompanying condensed consolidated balance sheets. The unpaid principal balances of loans serviced for others totaled approximately $1.514 billion and $1.532 billion at March 31, 2023 and December 31, 2022.

Comparable market values and a valuation model that calculates the present value of future cash flows were used to estimate fair value. For purposes of measuring impairment, risk characteristics including product type, investor type and interest rates were used to stratify the originated mortgage servicing rights. Mortgage servicing rights are included in other assets on the balance sheets as of March 31, 2023 and December 31, 2022.

	Three Months Ended
	March 31,		March 31,
	2023		2022
Mortgage servicing rights
Balance, beginning of period	$	18,619	$	17,780
Servicing rights capitalized	228		1,562
Amortization of servicing rights	(247)		(750)
Balance, end of period	18,600		18,592
Impairment allowance
Balance, beginning of period	—		(2,594)
Additions	—		—
Reductions	—		2,594
Balance, end of period	—		—
Mortgage servicing rights, net	$	18,600	$	18,592