XML 148 R16.htm IDEA: XBRL DOCUMENT v3.22.4
Secondary Market Mortgage Activities
 12 Months Ended
Dec. 31, 2022
Mortgage Banking [Abstract]  
Secondary Market Mortgage Activities Secondary Market Mortgage ActivitiesTotal loans serviced for others were $264.5 million and $264.2 million for the years ended December 31, 2022 and 2021, respectively.
The following summarizes secondary market mortgage activities for the years ended December 31, 2022, 2021, and 2020:

December 31, 2022December 31, 2021December 31, 2020
Loans originated for resale$34,181 $95,411 $87,528 
Proceeds from sales of loans held for sale29,151 97,179 82,619 
Net gains on sales of loans held for sale1,285 2,737 2,961 
Loan servicing fees781 720 726 

The following summarizes activity for capitalized mortgage servicing rights for the years ended December 31, 2022, 2021, and 2020:

December 31, 2022December 31, 2021December 31, 2020
Balance, beginning of year$1,664 $1,527 $1,573 
Additions232 514 540 
Servicing rights acquired— — — 
Amortization(92)(377)(586)
Balance, end of year$1,804 $1,664 $1,527 

The fair value of mortgage servicing rights is based on market prices for comparable mortgage servicing contracts, when available, or alternatively based on a valuation model that calculates the present value of estimated future net servicing income. The fair value of mortgage servicing rights was not materially different than amortized cost at December 31, 2022 and 2021, respectively. No valuation allowance was deemed necessary at December 31, 2022, 2021, and 2020. The fair value of interest rate lock commitments and forward commitments to sell loans were not material at December 31, 2022 or 2021.