Quarterly report pursuant to Section 13 or 15(d)

Servicing Assets (Tables)

v3.22.2
Servicing Assets (Tables)
6 Months Ended
Jun. 30, 2022
Transfers And Servicing [Abstract]  
Summary of Changes in Servicing Assets

The changes in servicing assets for the three and six months ended June 30, 2022 and 2021 were as follows:

 

 

 

Three Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

7,202

 

 

$

6,150

 

Addition related to sale of SBA loans

 

 

882

 

 

 

707

 

Amortization

 

 

(731

)

 

 

(658

)

Balance at end of period

 

$

7,353

 

 

$

6,199

 

 

 

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

7,080

 

 

$

6,212

 

Addition related to sale of SBA loans

 

 

1,549

 

 

 

1,157

 

Amortization

 

 

(1,276

)

 

 

(1,170

)

Balance at end of period

 

$

7,353

 

 

$

6,199