Quarterly report pursuant to Section 13 or 15(d)

Servicing Assets (Tables)

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

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

 

 

 

Three Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Servicing assets:

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

6,199

 

 

$

6,186

 

Addition related to sale of SBA loans

 

 

1,171

 

 

 

686

 

Amortization

 

 

(532

)

 

 

(524

)

Balance at end of period

 

$

6,838

 

 

$

6,348

 

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

 

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Servicing assets:

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

6,212

 

 

$

6,956

 

Addition related to sale of SBA loans

 

 

2,328

 

 

 

1,040

 

Amortization

 

 

(1,702

)

 

 

(1,648

)

Balance at end of period

 

$

6,838

 

 

$

6,348