Quarterly report pursuant to Section 13 or 15(d)

Servicing Assets (Tables)

v3.23.1
Servicing Assets (Tables)
3 Months Ended
Mar. 31, 2023
Transfers And Servicing [Abstract]  
Summary of Changes in Servicing Assets

The changes in servicing assets for the three months ended March 31, 2023 and 2022 were as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

7,176

 

 

$

7,080

 

Addition related to sale of SBA loans

 

 

615

 

 

 

667

 

Amortization

 

 

(635

)

 

 

(545

)

Change in valuation allowance

 

 

385

 

 

 

 

Balance at end of period

 

$

7,541

 

 

$

7,202