Three Months Ended
March 31,

($ in thousands)

2024

2023

Carrying amount, beginning of year

$

13,906

$

13,503

Mortgage servicing rights capitalized during the year

377

280

Mortgage servicing rights amortization during the year

(273

)

(291

)

Net change in valuation allowance

181

56

Carrying amount, end of year

$

14,191

$

13,548

Valuation allowance:

Beginning of year

$

227

$

177

Increase (reduction)

(181

)

(56

)

End of year

$

46

$

121

Fair value, beginning of period

$

17,125

$

15,754

Fair value, end of period

$

18,141

$

16,911