Quarterly report pursuant to Section 13 or 15(d)

Servicing Assets (Tables)

v3.21.2
Servicing Assets (Tables)
6 Months Ended
Jun. 30, 2021
Transfers And Servicing [Abstract]  
Summary of Changes in Servicing Assets

The changes in servicing assets for the three months ended June 30, 2021 and 2020 were as follows:

 

 

 

Three Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Servicing assets:

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

6,150

 

 

$

6,727

 

Addition related to sale of SBA loans

 

 

707

 

 

 

 

Amortization

 

 

(658

)

 

 

(540

)

Balance at end of period

 

$

6,199

 

 

$

6,187

 

The changes in servicing assets for the six months ended June 30, 2021 and 2020 were as follows:

 

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Servicing assets:

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

6,212

 

 

$

6,956

 

Addition related to sale of SBA loans

 

 

1,157

 

 

 

354

 

Amortization

 

 

(1,170

)

 

 

(1,123

)

Balance at end of period

 

$

6,199

 

 

$

6,187