Annual report pursuant to Section 13 and 15(d)

Servicing Assets (Tables)

v3.20.4
Servicing Assets (Tables)
12 Months Ended
Dec. 31, 2020
Transfers And Servicing [Abstract]  
Summary of Changes in Servicing Assets

The changes in servicing assets for the years ended December 31, 2020 and 2019 were as follows:

 

 

 

As of December 31,

 

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Balance at beginning of period

 

$

6,956

 

 

$

8,520

 

Addition related to sale of SBA loans

 

 

1,517

 

 

 

1,699

 

Amortization

 

 

(2,261

)

 

 

(3,263

)

Balance at end of period

 

$

6,212

 

 

$

6,956