Quarterly report pursuant to Section 13 or 15(d)

Servicing Assets (Tables)

v3.22.2.2
Servicing Assets (Tables)
9 Months Ended
Sep. 30, 2022
Transfers And Servicing [Abstract]  
Summary of Changes in Servicing Assets

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

 

 

 

Three Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

7,354

 

 

$

6,199

 

Addition related to sale of SBA loans

 

 

828

 

 

 

1,171

 

Amortization

 

 

(758

)

 

 

(532

)

Balance at end of period

 

$

7,424

 

 

$

6,838

 

 

 

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

7,080

 

 

$

6,212

 

Addition related to sale of SBA loans

 

 

2,377

 

 

 

2,328

 

Amortization

 

 

(2,033

)

 

 

(1,702

)

Balance at end of period

 

$

7,424

 

 

$

6,838