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Loan Servicing (Tables)
12 Months Ended
Dec. 31, 2022
Transfers and Servicing [Abstract]  
Summary of Principal Balance for Mortgage Loans The principal balances of these loans at year-end are as follows:

 

 

 

2022

 

 

2021

 

Mortgage loan portfolio serviced for:

 

 

 

 

 

 

FHLMC

 

$

532,868

 

 

$

494,688

 

Summary of Activity for Mortgage Servicing Rights Activity for mortgage servicing rights for years ended December 31, 2022, 2021 and 2020 are as follows:

 

 

 

2022

 

 

2021

 

 

2020

 

Servicing rights:

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

3,403

 

 

$

3,198

 

 

$

1,721

 

Additions

 

 

960

 

 

 

1,556

 

 

 

2,429

 

Amortization to expense

 

 

(1,015

)

 

 

(1,351

)

 

 

(952

)

Total servicing rights

 

$

3,348

 

 

$

3,403

 

 

$

3,198

 

Valuation allowance

 

 

(17

)

 

 

0

 

 

 

0

 

Ending balance

 

$

3,331

 

 

$

3,403

 

 

$

3,198